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Overpriced
overprints How
do you turn a low value definitive into a high value rarity?
1.
Make sure you have friends in the right places i.e. the Michel catalogue. 2.
Fly to the Comoro Islands and overprint a batch of low value definitives with
the desired markings. 3.
Convince one of the biggest stamp dealers in Germany, who specialises in sport,
trains and space, that this is a legitimate issue. 4.
Get the stamps listed in a catalogue i.e. the Michel catalogue, at ridiculous
prices. 5.
Sit back and watch the money roll in from unsuspecting collectors. These
bogus overprints are listed in the Michel catalogue and only the Michel catalogue.
Yvert
& Tellier and Stanley Gibbons do not even mention them. Scott makes mention
of only one of the stamps (James Cook) not as a catalogue entry and with no
price purely to protect the American dealer, Herrick Stamp Co., who had sold
the stamps to collectors at grossly inflated prices. In
fact, the values of the stamps are inflated to a degree not seen since post-war
Germany! The
murky waters that surround the Michel catalogue just get murkier. We can understand
now why some of these dealers are on the board of ASCAT. If you are a friend
of Wolfgang Maier it seems you can get anything catalogued as a genuine postage
stamp. We wonder what these people could do with toilet paper. Whatever
they did we are sure that it would appear in the Michel catalogue as a valuable
rarity.
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