This Department is conducted in the interest of stamp and coin collectors, and the Editor will be pleased to answer any question on these subjects so far as possible. Correspondents should address Editor Stamp Department.
One mail brought me two letters suggesting the formation of an exchange society by the readers of the Round Table. Harold C. Day, Upland Farm, Harrison, Westchester Co., N. Y., and Willis H. Kerr, Bellevue, Neb., both say they would like to hear from any one interested. Other correspondents have suggested the same thing at other times, and asked my opinion on the plan. I regret to say it is not favorable. I have had some experience of exchange societies, and have come to the conclusion that it is feasible only when some capable man is at the head of the scheme who is willing to give his time and experience to the plan, and that all sales are for cash only. All the larger societies already have exchange circuits, and experience shows that common stamps are not exchanged, and that valuable stamps must always be sent by registered mail or by express, which is a considerable expense. The Dresden International Society sends out books of stamps every year worth many thousands of dollars; the leading society in New York has sent out five circuits this year, aggregating about $2000 on each circuit. The first circuit was completed a month ago. Stamps to the value of $1200 were taken. The second circuit will be about the same. Almost all other societies have similar plans.
Their method is quite simple. 1. All members who wish to contribute stamps for exchange purchase a small blank book from the manager (Price 10c.). 2. These books, filled with stamps, are sent to the manager, and when he has a sufficient number they are done up in a package and sent out to the first name on the circuit. 3. This person looks over the books, picks out what he wants, sends a list of what he has taken to the manager, with P.O. money-order for the amount. 4. He then sends the books to the second name on the list, etc. 5. After the books have gone through the entire list the last man returns them to the manager, who returns the unsold stamps to their owners, and sends the cash (less commission) to those members whose stamps were sold.
Some members buy very little and sell very much, others sell very little and buy much. Before the books are sent out the manager examines them, removes counterfeits, etc. Each man who takes out a stamp puts in its place a "control" stamp with his number on it. These control stamps are bought of the manager, and he only knows who has sold and who has bought.
It is expensive and troublesome. A much better plan is the old-fashioned one of "swapping" stamps with one's comrades and friends.
H. B.—Your piece is a "Hard Money" token, not a coin. It has no money value, but is very interesting.
L. K. Babcock.—See answer to H. B.
A. Ulmer.—The 6c. Hawaii, 1864 issue, is catalogued as worth 25c.
Philatus.
