Is Stamp Collecting an Investment? : Page 252


the late President.

I venture to say that no collector of great art everconsidered his purchases an investment, although hesurely knows that the painting he purchases today willhave a substantial salvage value tomorrow. Without, suchassurance he would never acquire the painting.

But if you ask me what then is the "value" of stampcollecting, I have a very good answer.

First, we collect stamps for the very simple reason thatall people of intelligence delight in surrounding themselveswith the fine and the cultural things of life. The mereownership of something fine and rare is a great sourceof satisfaction in itself. This pleasure is expressed inmany ways by different persons. Some find delight incollecting antique furniture, fine china, glass, pewter andother things that either are in themselves works of artor have historical significance. Others fill their homes withpaintings, etchings, fine books, autographs, and similarthings indicative of the culture of our civilization. Eachin his own way and according to his own tastes collectsthat thing in which he finds interest. If we found nomore than this in stamp collecting, we should be com-pletely satisfied. But there is much more.

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