Thursday, June 16, 2011

1971 Panama Mahatma Gandhi Stamp c384 was sold for $137. Is it real value of Mahatma Gandhi stamp?

Hello Gandhi Collector,

Last week 1971 Panama Gandhi MNH c384 stamp was sold for $137.!! What a return on investment on 10 Panama Cents in 40 years in  US dollars. 

I think this is best ROI on Gandhi stamps except 1948 India Mahatma Gandhi 10 Rupees Service(only 100 stamps printed) which does not count as it was not for general public postage stamp or available for collectors or dealers as it was only available or made to use  by 1 person and that person was 1st Governor General of India.

This particular stamp is kind of rare (in someone's closet!!) and it demands premium but this was sold for double the amount I saw in last 2 years. Generally it sells somewhere from 60-80$  on and it will resell it on ebay India.

Again it's is upto collector how much they want to pay. So it is on collector's hand about valuation of this stamp. I don't have MNH stamp and never want to buy this even if someone is selling cheap because I don't want to support this kind of business. I have used stamp for which I paid 10-15$ only which I bought it 2 years ago.

Now let see do some research

Date Sold: Jun 08 2011
Seller : docnik(10606 feedback) from USA
Buyer: airpostman(528 feedback) from USA and ebay member since 1998. 

Now if you see airpostman last 30 days bidding, then you will notice that he bidded on 40 items and out of that 76% are with this seller.

Also look at airpostman   feedback of 2011. Click following link to see Feedback of airpostman

Even in 2009/2010 he was active buyer from same seller (docnik). Check it out.

After looking all this screen shot and looking at URL, what do you think about this stamp price.? Is it Reasonable or High or Artificially Inflated.?? 

Also you can read blog post about Gandhi Shill Bidding for help if you cannot decide what's going on.

Please make sure to  read link inside that blog post.

Again thanks for reading this blog post and  Please share your thoughts in the comments section.

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