by Greg Manning
The stamp market in the
Prices for both
The lone area of weakness in Europe, at least from current reports, is the market in the
However, I believe that the market in
Back home in the
Unfortunately, this controversy has caused a market reaction over the past two years, and certainly put a stop to the long awaited rise in prices which began in 1988. Even though Scott now states that their prices are “retail”, this wasn’t their position with the 1989 edition when they began the process of lowering catalogue values. This lowering of prices caused a general concern among many collectors and dealers who thought that the market has improved in 1988 and was rising, not falling. The consequence was an unsettled market with unflattering statements from both sides flying back and forth, causing further consternation and market unrest.
I believe that we are through the worst time regarding the Scott crisis and that catalogue prices, whether retail or not, will have less affect on the market in the future.
Scott has learned a lot in the past two years, and certainly is aware of the problems inherent in publishing a retail catalogue. Eventually, if they recognize the worldwide marketplace with its real world prices, we will receive a more responsibly priced catalogue.
Scott doesn’t make the market, but they do influence it greatly. I therefore look forward to the day when everyone can again be in accord with their pricing policy, whether they use the traditional method or retail prices. When this accord happens, the market should respond in an extremely positive and upbeat manner.
This has been adapted from Global Stamp News – November 1990 – Issue #1