Cat Value For 311 Farragut $1 Philadelphia Precancel Please.

Hi disi123, Couldn't find a cat value,but found this one http://www.worthpoint.com/worthoped...ed-149310053. Respectfully,Gary

You have an L-1 Var 2., the precancel overprint is common worth .15. I do not believe any current catalog will give you a value of your exact example! In my 1928 Rotnem catalog you example was valued at 1.50.

Hi, Gary... thank you kindly... much appreciated...

Randall

Hi, warrehouse... thank you kindly as well..

I was just curious... I'm not a precancel
collector - I purchased it as a space filler
for 311, given I'll likely never own a mint
311, unless Powerball is nice to me... (smiling)

Randall

Edit : P.S. Just found out Powerball is $101M
at a 7-11 pit stop, and just purchased
10 tix... (smiling) hope everyone reading
this picks up a few... Good Luck !

Your stamp is much better centered precancel than the one in the auction shown by Gar.

Thanks again... I figured if I must
have a space filler for a high value
stamp, it might as well be a 'looker'...

There is an answer from the precancel world. According to the new (2011) Precancel Stamp Society Classics Catalog, it is 20.00 USD. Most precancel dealers could supply one for that price, altho probably not as nice as yours. The 2011 catalog prices everything pre-1908, the years up to 1922 will be released in the next few years.

chasa... thank you kindly... I paid
$15 and some change for the stamp,
and I feel it was well worth it, and
when I receive it next week, it'll
be in it's new home in my album...

why couldn't you use it as a 311 used, the catalog value 2013yr is $90.00 for a 311 used. why would a precancel make the value go down so much? it is still used right? I just got one of those thought it was 80-90bucks found in bankers box I bought on ebay.

Hi, Larry... true... Scott price is $90
for used, and a precancel is technically
a used stamp, given it has a cancellation...

True market value would be 10% to 15% of
that... $13-$14 (in the current marketplace)
so, at the $15 I paid for the nice centering,
I'm thinking I paid exactly the right price
for it... perhaps even a little less than
its true intrinsic value...

The value goes down because the many collectors of used US don't like precancels, and there are plenty around for the precancel collectors. This is a common phenomenon for precancels and perfins. You can usually buy precancels for way under SCV's. Low price but we love them.

i see I was thinking the conversation was saying pre cnx catalog was 15-20.

ok im on same page now 90 catalog and a percent to bring it down around 15-20.

Not exactly.. the PSS catalog has it at 20$ normal position, 75$ if double precancel, 125$ if doubled one normal, one invert. The PSS catalog tries to be a net-price catalog, discounting is uncommon and rare ones can sell for over cv.

It's interesting how they price the
precancel market versus the cancel
market...

I only collect mint U.S. and the only
cancels I have are space fillers, but
I prefer those fillers to be appealing
to the eye, which is why I opted for
this stamp. The dollar value in the
marketplace isn't that significant to
me (in the sense) as long as I feel it
is reasonable for the 'job' I'm giving
it... and, should I ever sell it, I'll
likely break even, or maybe take a few
dollars loss... it really wouldn't
matter, given it would only happen if
I purchased a mint 311, which would
not be a likely event in the near future...

i hear ya mine going in my usa album was a freebee in bankers box sort of, I put new and used in mine if it is precancel fair game and another hole filled.