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a rich man may have spent for his collection. There aresometimes records available from which we learn that"so and so" bought certain stamps for so much, whichbrought ten times as much when his collection was sold.I have never learned of an estate claiming a profit overcost of a collection that was sold. * It would be next to impossible to ascertain whethera profit had been made or lost because there is very littleevidence to determine what the stamps may have costthe owner in the first place. Stamps, admittedly, have a very high salvage value.This value is often far greater than for stocks, bonds, orother financial investments which upon the demise of theowner may have to be sold when the stock market istemporarily depressed. The salvage value of stamps isnot affected by such fluctuations and may often exceedthe actual cost, especially in collections that have de-veloped a new field of collecting interest. |
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