Quote:
Originally Posted by Nouvellecosse
But yes, if you think your stamp collection might quality then you probably should have it appraised and potentially insured just in case of fire, flood or theft.
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I didn’t collect stamps as a wealth generator. I collected stamps because I was a nerdy kid and I found it interesting. I am not particularly interested in selling my collection to actually realize any value. My collection is just there. It is essentially a stranded asset. I don’t think it fair that some people think my hobby should be taxed.
But is it valuable? Yeah, it contains some stamps that might have significant intrinsic value (like about 15 penny reds, the third oldest stamp in the world). But, if I have no intention to sell, and therefore no intention to actually realize value, then is it truly an asset?
Now there is a philosophical question for you.
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