The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-02-27
CANCELLED STAMPS.
A Million Of Them IL Worth nm
Hundred Dollars,

A Million Of Them IL Worth nm Evea
Hundred Dollars,
Has any one l,OOO, 900 stamps or 500, 900
or 100000? The man who has long been
wanted by people who have saved up
stamps and who have jealousy guarded
them for years has been found. He
actually buys Cancelled stamps by the
million or the hundred thousand. This
cheerful news is given for the benefit Of
those who have cried out for infOrma-
ton from time to time. But the man
who buys them does not expect to see
them redeemed, nor Is he trying to re-
lieve the sufferings Of those who have
carefully boarded the little green uns,"
the three-cent stamp. and the fve-cent
stamp, and the stamp Of all kinds. But
the seekers Of wealth by stamp-selling
are not likely to acquire great fortunes
in this way. II they have only collected
q few thousand, or even 100000 they
would better become discouraged and
give it up, for the wholesale market
price OF cancelled postage stamps (un-
less for some particular reason they are
extrinsically more valuable) is 500 .
million. And that is $40 hundred
thousand.
why do buy postage stamps?" said
q. Il. Calman. of No. 300 Pearl street, to
Tribune reporter. why, to sell them,
OF course"
'sWho wants them?"
"H people did not want them, GER
tainly should not buy them.''
''Give one instance of reasonable de-
mand for Them"
well, there is big cigarette COM
pany which has . cancelled stamp on .
picture which is given away with every
box Of cigarettes. The company uses
millions Of them"
Another"
"A certain publication gives q stamp
book for SO many coupons, the coupons
going with the papers
what kind Of stamps do yon buy?"
'All kinds
"But who wants common green two
cent stamps? They are not rare"
"Well, they are less common in Vest
ern Bulgaria than in New York City. l
buy stamps in all parts of Europe and
bring them to America, and ship Amer
lean stamps to all parts Of Europe"
''How many stamps do you buy year,"
II bought over $4,000, 900 last year.
For fifteen years have averaged about
20, OOO, 600 year."
| what becomes of them?"
Think Of all the shops where stamps
are sold. A great many people make
collections, and the stamps are all gath
cred for them in this way"
what do you pay for stamps?"
lone hundred dollars for a million al
any kind. don't care what they are,
will take them. But pay great deal
more for rare ones, OF course. Some
times people find old stamps which have
been lying around for years. Frequently
they are very valuable"
day for 5O,0O0,OO0 could you fill it?''
"Yes."
"Would you buy as many?"
"Yes."
"How do you handle them?"
Those packing cases are full Of them
You see the stamps are assorted and pu
in envelopes and boxed for shipment.
ut would not pay, would 1t, to coun
1,000,O 900 two-cent stamps; how do yo'
manage that?"
1--WE can estimate them almost pre-
cisely by weight"
$50 Cancelled stamps really have
| market value?"
IF they did not, as l said before.
should not buy them. Bring round
million or two, In boxes or bales, an
see for yourself. There are few thing
in these days that are allowed to 60
waste" And he picked up package G
foreign stamps and gave them to the n
porter ss . nest egg.-N. Y. Tribune.