UPDATED 19 December 2012: Prince William & Kate error sheetlets again


I came across lower priced “Prince William & Kate” emblem error sheetlets quite unexpectedly. However it is still 3rd hand stocks (first hand is getting it directly at post office, second hand stocks are the stocks sold by first hand, etc.). However I figured it is still a good price considering what is being offered in the physical stores, fairs and flea markets. I have made available all of them online. I still have my older sheetlets at the old price (sorry, that one will only have offer for my existing customers and I will extend to Followers of this website) – but then it will not make sense to buy the old stocks at a higher price, right? Anyway before they are relisted, here are the links:

Offer lots (similar quality): http://www.ebay.com.my/itm/Special-lot-Royal-Visit-William-Kate-error-sheetlets-MNH-/360531904981?pt=LH_DefaultDomain_207&hash=item53f16049d5

Original stocks: http://www.ebay.com.my/itm/Royal-Visit-William-Kate-error-sheetlets-MNH-with-offer-customers-/360532237322?pt=LH_DefaultDomain_207&hash=item53f1655c0a

IMG_2191

Ultimate set of everything (sorry, some of the items inside this set has increased in price, so I am not able to bring this down, I can give a token discount if you are keen): http://www.ebay.com.my/itm/Ultimate-Royal-Visit-William-Kate-Full-Error-Normal-sets-everything-/360532244140?pt=LH_DefaultDomain_207&hash=item53f16576ac

The Full Set

I ship internationally and postage is at cost. I find it is rather incredulous to charge exorbitant shipping fees in eBay for extra profit.

After relisting: http://www.ebay.com.my/sch/sky52200/m.html?_nkw=&_armrs=1&_from=&_ipg=&_trksid=p3686

Proceeds goes towards more stamp hunting and maintaining this website. I believe in working for it and not asking for donation.

Happy hunting!

Updated 16 December 2012:

Interestingly a bid on eBay ended today at RM 302.00 attracting 6 bidders. http://www.ebay.com.my/itm/2012-Royal-Visit-Prince-William-Kate-Error-sheetlet-VERY-RARE-/110989533665

I think it is a good bargain for the buyer. It is hardly twice the price for non-“error” sheetlets.

The early sheetlets (about 10 sheetlets sold) were sold at between RM 800 to RM 900 by another eBayer.

Current eBay fixed price “buy it now” is at RM 550.00 (lowest) excluding postage, it has dropped from the initial listing price of RM 650 from the same seller!! That is a big difference.

Surprisingly in physical stored and stamp fairs, the listed price is RM 1,000 and the lowest bargainable is RM 900 (I think they will drop more).

Considering the price difference from the high of RM 900 to RM 302, that is a huge drop. Demand for second hand and third hand sheetlets will drop when the buyer realise the big margins made by the first hand sellers. I think more of the “cheaper” sheetlets will come out and even numismatic dealers are getting into the act. The buyers will hang around and the sellers who could not hold the capital (the second hand and third hand sellers) will liquidate at a lower price just to free up cash.

Next question: How many error sheets are there? Not counting those in private collectors’ hands, I think between all the dealers (the customer facing dealers in physical stores and online stores) have between 50 – 100 pieces of which less than 20 has been sold. These are the known sheetlets. The quantity of unknown sheetlets is well…..unknown. Simple as that. This is probably like the “CR” RM1 banknote but at a lower price.

So taking the above information into account, I will keep my sheetlets. Being a third hand seller will not have any cost advantage.

So there you have it, the information you need to make a decision to buy and sell (not surprisingly I have many dealers reading this site).

Updated 19 December 2012:

Was it a bid win at RM 302? I was tracking the sale and the item. Probably after you read this posting, the item will be quickly deleted. My question is: Was it a real sell? It seems the last 3 bid wins at bargain prices for great items was won by the same bidder/buyer with the similar suffix (to the seller) and a different number at the back. In addition the item was received within 2 days (Pos Express is fast but not that fast).

The item was also immediately relisted at above RM 500.00. So there you have it. Interesting if the item comes around again at such prices. It is not always easy to get good prices in a bid.

Question: How much will be reasonable?

What information do you have to share about the error sheetlets?

If you are interested, drop me a note.

Happy shopping and negotiating again!

sky52200

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.