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The
Breeze Courier
December 2, 1985
Computerized
exchange for rare stamps proposed
Rousso, operated of a Florida trading company that deals
in rare postage stamps, has received a wait-and-see response from organizations
representing professionals and hobbyist in the stamp field. They said
they would need more information before they could evaluate the idea.
But that isn’t stopping Rousso from investing “a couple of
million dollars” of his own funds to start what he calls the International
Stamp Exchange Corp. in Miami Beach. He hopes to have it in business by
September.
Dealers or individuals who offer stamps for “listing” on the
exchange will be required to send the stamps to the exchange, where they
will be insured and stored in safe deposit boxes. The stamps’ authenticity
and condition will be evaluated by professional appraisers, Rousso said.
If a stamp is sold, the seller will be charged 6 percent (with a minimum
of $6) and the buyer will be charged 3 percent (with a minimum of $3).
Amateur collectors who trade on the exchange through dealers could be
charged additional fees by the dealers.
Rousso said this would be less expensive than using auction houses, which
normally charge both buyer and seller 10 percent. Moreover, “countless
millions” of collectors could participate in bidding through the
exchange.
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