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Stamp collecting is the collecting of postage stamps and related objects, such as covers (envelopes or packages with stamps on them). It is one of the world's most popular hobbies, with estimates of the number of collectors ranging up to 20 million in the United States alone. more...

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Collecting

Collecting is not the same as philately, which is the study of stamps. A philatelist often does, but need not, collect the objects of study, nor is it necessary to closely study what one collects. Many casual collectors enjoy accumulating stamps without worrying about the tiny details, but the creation of a large or comprehensive collection generally requires some philatelic knowledge.

Stamp collectors are an important source of revenue for some small countries who create limited runs of elaborate stamps designed mainly to be bought by stamp collectors. The stamps produced by these countries far exceed the postal needs of the countries.

Some collectors, observing the generally rising prices of rare stamps, have taken to philatelic investment. Rare stamps are among the most portable of tangible investments, and are easy to store.

History

The first postage stamp, the Penny Black, was issued by Britain in 1840. It pictured a young Queen Victoria, was produced without perforations (imperforate), and consequently had to be cut from the sheet with scissors in order to be used. While unused examples of the "Penny Black" are quite scarce, used examples are common, and may be purchased for $25 to $150, depending upon its condition.

Children and teenagers were early collectors of stamps in the 1860s and 1870s. Many adults dismissed it as a childish pursuit.

During the late 1800s many of those collectors, as adults, began to systematically study the available postage stamps and published research works on their production, plate flaws, etc.

Some stamps such as the triangular issues of the Cape of Good Hope became legendary. (See Stamps of the Cape of Good Hope).

It was not until the 1920s that publicity about valuable stamps encouraged a large increase in the number of stamp collectors. This rapid increase in postage stamp values was largely because very few of the older stamps were being saved in good condition. Especially difficult to find were pairs, triples, and large blocks of older stamps.

Because many U.S. stamp issues of the 1920s rose rapidly in value, during the 1930s many American collectors stockpiled mint U.S. stamps with the hopes of selling them for a sizeable profit in a few years' time. This never materialized. Even today, more than 60 years later, one can find many 1930s U.S. issues in mint condition for close to face value, and many stamp dealers and collectors still use stamps issued as far back as the 1930s for postage when mailing letters.

Read more at Wikipedia.org