Armand Rousso in The Miami Herald


Armand Rousso
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The Miami Herald
Stamp exchange
Area dealer has new idea for collecting

Rousso hopes to change the way stamp collectors buy and sell stamps.
He plans to do it through the International Stamp Exchange-a philatelic version, if you will, or a stock exchange.

Rousso’s ideas-he has been known to barter stamps for real estate and jet planes-provoke skepticism with a tinge of anticipation among those in the stamp collecting community.

The typical stamp collector, 20 years ago, was a knowledgeable treasure seeker who hunted philately shops for the print that would complete a collection. Now, claims Rousso, he is a sophisticated investor seeking to buy stamps low and sell them high, less interested in the specimen’s history, more interested in it’s value.

David Phillips, however, a 40-year stamp dealer in North Miami believes the true collector, who spends $200 to $500 to add a stamp to his collection, has returned as a dominant figure in stamp collecting. When the economy was weak five years ago, explains Phillips, speculators drove up the prices of collectibles when they started investing in stamps as an alternative to stocks or other financial instruments. When the economy picked up again, stamp investors went back into stocks.


 
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