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For broadcast on CBS Radio Network stations 
August 28-29, 1999:

Apprising You on Appraisals.

The Stamp Collecting Report, I'm Lloyd de Vries.

An appraisal is an evaluation of a collection -- how much 
it's worth. But there are two types of appraisals in stamp 

One is called an INSURANCE appraisal. It gives the value to 
REPLACE the collection, and you might file it with your 
insurance company in case of loss.

The other is a WHOLESALE appraisal: It's how much a dealer 
might offer to pay for a collection. Now, since dealers 
who want to stay in business don't pay as much for stamps 
as they sell them for, a wholesale appraisal of a collection 
will be less than an insurance appraisal.

It's customary for stamp dealers to charge for appraisals, 
since it could take them hours or even days to perform 
one. It's also common for dealers to waive the appraisal 
fee if the customer decides to sell the collection to the 

Here are a few tips to get a higher appraisal: One, the 
better organized the collection is, the better it'll do. 
Two, if you've done some homework yourself, looking up 
values, you'll have a better idea if the appraisal is fair.

And that's stamp collecting this week. 

I'm Lloyd de Vries, CBS News

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