I'm not sure if too many here would be aware of a emergency printing from Adelaiade, South Australia on 6 Jan 16. A shortfall in 30c stamps just after the rate rise from Australia Post meant that the GPO in Adelaide rolled out thier old Counter Print Machine and reeled of a unknown quantity of 30c CPS as these shown below.
Collectors got wind of these and hoovered up as much as they could. For the initial investment of just $1.80 for a set of six, they are now selling for up to $2000 and more on ebay. Postally used on commercial cover sell for around $1800+ for one.
It will probably get catalogue status and if anyone wants the link to the whole story on these let me know. It is on another forum and I didn't think it wise to post the link without permission.
Who said philately was boring.
PS sorry about the small image, it is from the net. The literal is '30c ADELAIDE 2016'
Yes, it's an interesting development which I've been following as well. While it's great publicity for philately, it's a real downer if you collect new issues and DIDN'T get one -- especially since the pricing is obviously still speculation-driven.
It should be interesting to see if in the long run, this brings in MORE new issue collectors in Australia, or less.
Very speculative at the moment, and as we know nearly all bubbles burst. The one thing that may be a real problem is if the post office creates more. I don't believe it will happen, but it only take one rogue employee!
In any case I believe the only way to collect these is on commercial dated covers, as early as possible. This one sold for nearly $1700.
Agreed. The used covers with proper time of use would definitely be premium items, and postal history as well!
If I had a choice between a complete mint set and the above cover, I'd definitely pick the cover (and I don't even collect covers!!!)
Couldn't agree more. The only reason I would want a mint set is if I were to exhibit, but as I have never done that....
There is a train of thought that covers used early on in the peace are worth a premium. I don't agree. Some of these stamps were bought by non collectors who probably haven't seen the press about this issue and may take up to twelve months to use thier remaining holdings (if not longer).
I am a letter writer, snailmail addict. I send therefore I receive. I also manage a letter writing/correspondence forum called A World of Snail Mail and have a blog (link is in my profile). I sometimes post pictures on Instagram (username morgaine_does_snail_mail) Stamp themes - science, nature, postal history, maps, nice stamps.
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