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(Yahoo)   Rare misprint stamps sell for nearly $3 million, despite the fact it would take two to mail a letter   (news.yahoo.com) divider line 39
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8294 clicks; posted to Main » on 20 Oct 2005 at 8:07 PM (8 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



39 Comments   (+0 »)
   

Archived thread
 
2005-10-20 05:07:43 PM
Tristero.
 
2005-10-20 05:26:19 PM
"Stamp collectors. Who ARE these people?"

 
2005-10-20 07:16:32 PM
Monty Brewster unavailable for comment.

/had to
 
2005-10-20 08:16:09 PM
They split the sheet? Man. Don't they know that destroys the resale value?
 
2005-10-20 08:19:02 PM
uhhh.. apparently it didnt destroy the resale value.
 
2005-10-20 08:20:21 PM
Charade.
 
2005-10-20 08:20:22 PM
what i dont understand is how can anyone, stupid enough to waste vast amounts of money on stamps, ever have become a millionaire in the first place(apart from inheritance)
 
2005-10-20 08:21:58 PM
uhhh.. apparently it didnt destroy the resale value.
Considering it cost 3 million to buy and each of the four stamps sells for half a million, that's a decrease of 1/3. Ouch.
 
2005-10-20 08:22:05 PM
what i dont understand is how can anyone, stupid enough to waste vast amounts of money on stamps, ever have become a millionaire in the first place(apart from inheritance)

By making money off the next dumbass who wants the stamps.
 
2005-10-20 08:24:09 PM
Found the name of the buyer, Montgomery Brewster.

/obscure?
 
2005-10-20 08:25:35 PM

9 Queens. Great stamp movie, nad I haven't seen the American remake yet. Heard it's okay, though.


 
2005-10-20 08:26:01 PM
The only stamp I enjoyed licking was the Emily Dickinson, 1971.
 
2005-10-20 08:28:24 PM
Monty Brewster?
 
2005-10-20 08:30:00 PM
Fcuking fark stripped my html.
 
2005-10-20 08:30:45 PM
interesting thing is when you take the initial investment price of $150 a stamp in 1918 (i.e. the price the guy hawked them for a week later, not the original cost of the stamp itself), and look at compound interest to get it to a half mil 87 years later, that's only like 9.75%, lots of other vehicles would have appreciated that much over the same period of time too...
 
2005-10-20 08:31:05 PM
Throwing away non-image image URL: http://www.chud.com/chudvd/reviews/images/brews7.jpg

Yeah, that looks non-image to me...fcukers.
 
2005-10-20 08:37:12 PM
Hey Squirl...

Is someone faulty in their math?

Considering it cost 3 million to buy and each of the four stamps sells for half a million, that's a decrease of 1/3. Ouch.

HHmm... Let's try this:

1 stamp = $500,000

Therefore $500,000 x 4 [total stamps] = $2 Million.

So... where the hell is the decrease of 1/3?

-Mike

/graduated
//with basic-math
///woo-hoo
 
2005-10-20 08:44:09 PM

Mrs. Lampert has been there, done that.
 
2005-10-20 08:48:28 PM
GrafxLvr

That's exactly what they mean. It cost $3 million to buy the 4 stamps; if you sold them indiviudally, you'd only get $2 million, based on the $500,000 each. Going from $3 million down to $2 million is a decrease of 1/3.
 
2005-10-20 08:48:44 PM


/the wine glass has more impact than the cup
 
2005-10-20 08:51:33 PM
Upsidedown plane?
 
2005-10-20 08:53:13 PM
"Junk, junk, the airplane's upside down, Stradi-who-varous?"
 
2005-10-20 08:55:48 PM
wow, be still my beating heart, this is exiting!
 
2005-10-20 09:02:03 PM
and for a lickable Inverted Jenny?
 
2005-10-20 09:11:36 PM
Small potatoes. This single stamp sold for about $2.5 million in 1996. This record auction price stands to this day. The Tre Skilling Banco yellow is widely regarded as the most valuable man-made object on earth in relation to size, weight and composition.

 
2005-10-20 09:12:14 PM

1 stamp = $500,000

Therefore $500,000 x 4 [total stamps] = $2 Million.

So... where the hell is the decrease of 1/3?

-Mike

/graduated
//with basic-math
///woo-hoo


Let's see...

Original Price = 3 million
Resale Price = 2 million

1/3 * 3 = 1

3 - 1 = 2

Decrease of 1/3. 2/3 original price.
 
2005-10-20 09:14:45 PM
That, Mr. Brewster, is an ASSET

 
2005-10-20 09:19:03 PM
Anyone ever see the Simpson's where Homer is rummaging through the $0.05 bin at a garage sale, and he picks up a sheet of the famous upside airplane stamps, then throws them away because "the airplane's upside down." ?? I laughed my ass off at that one.
 
2005-10-20 09:25:32 PM
Somebody make me an offer.

 
2005-10-20 09:32:22 PM
 
2005-10-20 10:07:34 PM
i like big breasts
 
2005-10-20 10:11:04 PM





/couldn't resist.
//surrenders to Godwin.
 
2005-10-20 10:12:58 PM
Glasseye

Holy crap! That's an upside-down Elvis stamp... the value's not even in my book!

/doesn't collect stamps
//has no book
///still using 2 x 33-cent stamps for postage from a card of 20
 
2005-10-20 11:03:09 PM
 
2005-10-21 12:25:53 AM
Damn, those are some expensive stamps — and I don't mean the fact that they're selling for millions of dollars now. 24 cents in 1918 is about $3.16 now, adjusted for inflation.
 
2005-10-21 01:33:12 AM
I heard a story about these stamps: the printer had never seen an airplane and had no idea which was it was supposed to go.
 
2005-10-21 06:27:20 AM

Inverted Jenny?
 
2005-10-21 08:42:27 AM
Something tells me you won't be getting three million for this "block of four.":


BTW the original purchasers of the upside-down airplane sheet were my two-house down neighbors.
I think that's my only claim to fame. They sold the whole thing (100 stamp sheet?) for some pittance like 10,000 bucks US.
/They didn't even keep one stamp!
//They are richer than me anyway so I can't say anything
 
2005-10-21 05:53:20 PM
Kliffoth

tristero

Ha! That's exactly what I thought as well!
 
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