How To Buy Stamps At An Auction

Buying And Selling Stamps At An Auction

Today you can buy and sell stamps via many different platforms. The internet has made it possible to buy and sell stamps from the comfort of your own home. You do not have to travel long distances to buy and/or sell stamps. You can buy or sell stamps directly from another collector via the internet. You can also buy and/or sell stamps directly to a professional dealer. One of the most popular ways of buying and selling stamps is via auctions. There are two main types of stamp auctions namely mail auctions and public stamp auctions. Public tamp auctions are very popular because they draw buyer and sellers from all corners of the globe. Many collectors prefer buying and selling their stamps via live public auctions. You will find a huge variety of rare and valuable stamps in a live public US stamp auction. Here are some of the advantages of buying and selling stamps via auctions:

·       Huge variety of philatelic items

·       Huge market

·       Professional marketing and advertising

·       Competitive bidding

·       Insurance on all lots

Live public stamp sales attract collectors from all corners of the world. This means that auctions are some of the best places to meet and interact with other collectors. As you can see, live public stamp auctions offer many advantages to stamp buyers and sellers. One of the main disadvantages of selling stamps by auctions is that you have to pay a commission to the stamp auction house. Another major limitation of public stamp sales is that there are no guarantees that your lot will be sold. Even with these disadvantages, public stamp auctions are still very popular in the philatelic industry. There are several; things that you should know about auctions. The most important is how to participate in a public stamp sale. Here are some of the available options for participating in a live public stamp sale.

Bid On The Floor

A typical public stamp sale starts with pre-auction bids. Interested buyers place pre-auction bids via phone, mail, fax, email, or on their online bidding accounts. The pre-auction bids are accepted and updated until just before the live auction starts. The live auction usually takes place one or two days before the whole sale is closed. You can decide to travel to the auction gallery to participate in the auction in person. This is the oldest method of bidding in a live public auction. You will have to spend money and time traveling to the auction floor to place your bids. This method is still very popular to traditional stamp collectors. But online bidding is gaining popularity due to internet prevalence.

Online Bidding

This is the most modern method of biding. Established stamp auction houses offer a web-based bidding platform to their clients. You need to open an online account to participate in the live public auction. This method is highly convenient and cost-effective. Cherrystone Auctions hosts several live public auctions every year. They can also be seen at https://www.storeboard.com/cherrystoneauctionsinc1.

Auction Agents

You can also place your bids with any registered auction agent. The stamp auctioneer will provide a list of names and addresses for all their registered auction agents.