How to properly insure your stamp collection

Despite its preconceptions, insurance is generally uncomplicated and can protect collectors against significant loss, according to retired insurance broker and philatelist Garfield Portch, who has more than 25 years of professional insurance experience.

Insuring a stamp collection is the same as insuring anything else you own. Similar to insuring a house, its contents or any other personal possessions – excluding your car, which is mandatory – a stamp collection can be insured for a “catastrophic loss.” “Whether you have it or not is a question of whether you want to face your loss or share your misery with someone else, namely an insurance company,” said Garfield Portch, a retired insurance broker who manages member and chapter insurance plans for The Royal Philatelic Society of Canada’s (RPSC). Continue reading →

BNA, Canada offerings abound in upcoming Eastern Auctions sale

Two of the featured lots in the upcoming sale include Lot 227 (left), a mint one-shilling stamp issued by the then-British colony of New Brunswick in 1851 with a catalogue value of $60,000, and Lot 231, an unissued New Brunswick five-cent brown stamp depicting Postmaster General Charles Connell with a catalogue value of $40,000.

A two-session auction highlighted by British North America and Canada, including an extensive section of King George V “Admiral” stamps and postal history, will be offered by New Brunswick’s Eastern Auctions this February. A worldwide section will open the Feb. 28-29 sale with Lots 1-211, which feature a “remarkable estate” of parallel mint and used Colonial Africa collections, said Eastern Auctions stamp specialist and chief describer Yohann Tanguay. It will be followed by a British North America section from Lot 212-314. Among the highlights is Lot 227, a “flawless” mint one-shilling stamp (Scott #3) issued by the then-British colony of New Brunswick in 1851. Described as being “among the rarest stamps of British North America,” it’s one of fewer than a dozen examples that can be classified as Very Fine and unused, Tanguay said. Continue reading →

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