I have been targeting Australian dependencies like Norfolk Island and Christmas Island in the online auctions. Three times in a row I was beaten out of the lots I was after, mainly because I was away during the last few days before the auction. It seems that most of the action occurs just beforehand. I had to increase my bids several times beforehand to see these people off. I put in for three lots thinking I might get one or two but got all three for a total of $270. There is some serious money spent this way, such as the $44,000 that was spent on each of three lots, consisting of one stamp only. At least I got 3000 stamps for my $270. The first Australian stamp is a halfpenny green Kangaroo and Map. One of these sold for $2742. I have one of these and it looks in better condition. It is valued in the book at $8.00. Go figure.
I returned to this Lot 11 stamp and found that the valuable thing is the Brisbane post mark in the upper left corner. This is a cancelled to order version of which there were only 18 issued. Hence way more valuable than my paltry $8.00 one. This valuation stuff requires a black magic knowledge base.
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| My one must be worth more than $8.00 |
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