A question our membership team gets asked almost daily – “I’ve inherited a collection, what do I do?” 

When stamp collectors don’t leave instructions, heirs are left looking for answers. They have no idea what the collection is worth or what they should do with it – keep it, sell it, donate it??? We do our best to provide guidance for answering those questions and often will share dealer and club resources in their area to help. 

Over the years, we’ve heard some horror stories where heirs have thrown away or sold a collection at a yard sale – only to find out later the true value when they come across the insurance coverage or receipts. With a little organization and direction, you can properly guide your heirs to minimize the chance of their making these mistakes. 

Are you prepared? 

Who better than you to tell the story behind or the value of your collection? Some collect stamps as an investment. Others collect for sentimental reasons – maybe it was their grandfather’s collection, or inspired by an event or somewhere they traveled. Some collections may not have significant monetary value, but the story surrounding it can make it far more valuable to heirs. 

There are a few simple steps you can take now to ensure your collection is properly handled and help get maximum value. Things as simple as keeping a basic inventory of the collection including an evaluation of worth, keeping notes about special pieces, or sharing names of dealers or friends who understand the collection that could provide guidance. We have brochures available with helpful tips as well as information on our website at: www.stamps.org/Estate-advice. Additionally, Ken Martin, APS Director of Expertizing, will be hosting a virtual learning event on April 13, “Estate Planning: A Philatelic Toolkit”. Visit our website for details on registering. 

The In Touch Column is reprinted from the March 2021 Issue of The American Philatelist, The Buyers Guide Issue. If you are interested in joining the American Philatelic Society to gain access to members only benefits such as this highly acclaimed monthly magazine, visit Together We Grow today!