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Linn's
Stamp News
August 5, 1985
Rousso
plans stamp exchange
Rousso, sole owner of the ISEC, estimated it would be worth
$2 million to $3 million in monthly business at its inception, with sales
reaching $100 million after the first year and $200 million to $300 million
after three to four years.
One of the most intriguing features of the proposed stamp exchange is
the plan to maintain a bid and asked prices for all stamps in which there
is interest.
Rousso emphasized the open pricing as an enticement to new buyers. This
will “give more confidence to the beginner,” he said, “He
will know the stamp market is liquid.”
If the exchange is successful, Rousso’s bid and asked prices could
become the worldwide standards for determining stamp value.
To maintain consistency in pricing, Rousso has set up a grading system
of eight levels with descriptive standards for each grade. An attempt
to set “new standards for stamp quality,” according to Rousso,
the grades apply to unused and used stamps wit ha total of 16 condition
ratings.
In addition, stamps will be priced in various multiples and forms such
as proof, essay and on cover.
Rousso presented the rating system to the board of directors of the American
Stamp Dealers’ Association and said he asked the organization to
publish it in its newsletter. Dealer input would be used to male refinements,
he said.
Rousso also sees the exchange as attractive to children. Many of them,
he believes, already have an interest in computers, and the exchange may
for the first time give them a meaningful way to explore stamps through
computers.
Apparently, Rousso is making an effort to publicize his plan. He said
he taped interviews for NBC and CBS television and has talked to USA TODAY,
The Wall Street Journal and other newspapers.
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