Care of Stamp Collections
The saddest story in this regard just happened recently. A collector died in 1990, and his familycalled us to look at his twenty carton cover and stamp hoard. I don’t remember the exact value but we offered them somewhere in the neighborhood of $50,000 for the collection. They thought it was worth more and put it into storage at one of these storage facilities where it was under lock and key but not temperature or humidity protected. Just this year, 22 years later, they asked us to look at it again. The cartons had become infested with paper mites and these mites had eaten a great deal of the stamps and covers and had rendered worthless what they hadn’t destroyed outright. The lot had to be trashed. That’s right-$50,000 to zero in only 22 years. We have seen many fine collections that had lost much of their value through faulty storage, but this was the first that had become worthless because the owners had not used common sense in maintaining a valuable family asset.