Are First Day Covers worth collecting?

The one certainty in the world of first-day cover collecting is that blank first-day covers are virtually worthless in today’s stamp collecting marketplace. In general, only stamps canceled with the first-day date are deemed collectible without a cachet.

What is the value of first day covers?

Today, when they are found, they are worth over $2000. By 1910, the hobby of First Day Cover collecting was set to begin. Collectors began to find and esteem older envelopes that were cancelled on the first day that the stamp had been issued.

Are postage stamps a good investment?

Stamps are not a financial asset and so may perform better than cash in times of high inflation. As a tangible asset, a stamp cannot go out of business like a company quoted on the stock market. Stamps are a relatively confidential investment.

What is unique about the First Day Cover?

First Day Covers are envelopes affixed with a stamp or stamps on the first day that they are made available for sale to the public. On the first day of issue, the envelope is stamped with a postmark and cancellation indicating the date and location that the envelope was received into the postal service.

What do you do with first day covers?

Collectors are normally allowed 30 days after a stamp is issued to buy a stamp, prepare a cover and send it in for the cancel. Even though the cover is mailed in after the official first day, it is returned by the Postal Service with a postmark that reads “First Day of Issue” and shows the issue date for the stamp.

How do I sell my first day covers?

How to Sell First Day Cover Stamps

1. Make an inventory or list of your first-day covers.
2. Establish a value for your first-day covers before you make any attempt to sell.
3. Sell your first-day covers individually to a private collector.

Are 1st class stamps a good investment?

The answer is: very valuable. A British Guiana One-Cent Magenta stamp set a world record selling for $9.48 million. If you’re looking to invest in something different, stamps are often considered a reliable investment.

What is the value of a first day cover?

Usually First Day Covers are more valuable than ordinary used covers, postcards, or envelopes with cancelled stamps. Some rare examples of FDCs are worth thousands of dollars. What is cachet and why it is significant?

What is first day cover (FDC) collecting?

Collectors began to look for shades and cancels as well-all ways to expand the collecting experience in a time of few postal issues. And collectors began to desire stamps that indicated that they were used on the first day that they were available for postage. The origins of First Day Cover (FDC) collecting are obscure.

What is the value of a first day stamp?

If you can get early first day covers you have some solid value. Currently most covers sell between $1 and $2. Exceptions are going to be covers from before the 1950s or high value stamps. Since the 1950s FDCs have been generated in mass quantities by a number of different publishers.

When did first day covers become popular in the US?

By 1940, most US collectors collected First Day Covers as part of their US collection. Beginning in the 1950’s and 1960’s First Day Cover collecting became more cachet collecting than anything else.