MARKET REPORT

In 2008 we started a Market Report for the stamp market as we see it. This chart is a reflection of what our customers order and how market prices are moving. We have an excellent view of national and international stamp collecting interests and are glad to share these rough guidelines with you.

Market strength is graded on a scale of 1 to 10, 10 being the highest value assigned.

COUNTRY                 FEB 2008  AUG 2008  FEB 2009  JUNE 2009  NOV 2009  OCT 2010  APR 2011  NOV 2011

Africa                            6            5              5               5                5               4               4           3

Asia                              5            5              4               4                5               6               6           5

Great Britain & Col.        6            5              5               6                5               5               5           4

China Area                    7            6              5               5                5               6               6           6

Europe                          3            3              3               3                4               5               5           5

France & Colonies          5            5              5               5                6               5               5           4

Middle East & India         4            4              4               3                4               5               5           4

South America               4            5              5               6                6               5               5           5

United States                 6            5              5               4                4               4               4           4

World New Issues           5            5              5               5                5               5               5           6

INDEX TOTAL              51            48             46            46              49              50            50      46

In general, the stamp market is recovering with the expected strength in China and India. Recently we have seen increased deman for Western European stamps and prices are firming in this area. China stamp prices are very high and we are not holding back any inventory in this area, we are sellers at these levels.

Generally speaking, the higher the quality of older stamps offered, the greater the deman. Damaged stamps have a disappearing market. Worldwide new issue sales remain steady with increased demand from overseas.

Thank you for visiting my website.

William A. Herrick