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Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780

Posted: 8/24/2004 2:46:23 PM

By: curious

This group is a leader in collectible tangible assets. They claim they purchase tons of newly printed stamps and hold on too them for several years where they earn an average of 17%. They are offering 6 1/2% with interest paid quarterly and with advanced checks to the investors. Can anyone offer any information as to the credibility of this scheme.

Posted: Friday, August 12, 2011

Posted: 8/25/2004 10:25:51 AM

By: knightmare3000

Dear sir: with all due respect ,it sounds like a SCAM

I am a former avid collector of stamps as a child.

I suggest that you see the following

Reliable Stamp Collector/Dealer in your neighborhood

Reliable stamp collector society at your local civic(
4-H,FFA,Kiwanis,Rotary),boy scouts, religious organizations ( several Christian churches, Jewish temples,etc)

Largely these types of deals are far from new. They have been around. The problem is :
How reliable are the stamps that this outfit says they will store? Are they counterfeit? Foreign stamps are easily counterfeited. Is there a reliable secondary market ( see dealer,etc); see also auction houses ( e.g. Christie's, Sotherby Parke Bernet, Doyle's,etc)

There may not be a secondary market or the outfit itself claims to buy them back ( unfortunately for a large service fee,that negates any profit)

MORAL: stick with stamp collecting for enjoyment and stick with reliable dealers; clubs,etc

see established publications ( American Stamp Collector/Dealers) or reliable auction houses ( Christie's, Southeby Parke Bernet,etc)

do not deal with so called "investment potential" organizations



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