Whenever there is an opportunity to defraud, no matter how small the amount to be gained, there are always found persons ready to take advantage of the fraud. In the early days of collecting, scarcely a collector was free from the swindlers, either in the shape of forgeries of little-known stamps, or out-and-out humbugs in the shape of stamps that never existed. But with increased study came knowledge, and this knowledge was directed in great part to exposing the swindlers and their vile wares. But the trade was not put down. All the known stamps, both common and rare, were counterfeited in enormous quantities, and sent to agents, who by high-sounding advertisements, and under cover of a "Stamp Company" with a name as long as your arm, and with a prospectus more glowing than the prospectus of De Lesseps's Panama Canal Company, sold these counterfeits to the beginner as "great bargains." Master Jones envied his neighbor's collection because it contained some stamps which cost twenty-five or fifty cents each. But by chance Master Jones receives one of these glowing circulars from "The Great American Stamp Company" (with agencies in the principal cities), offering unheard-of bargains. A country has become bankrupt, or some enterprising member of the firm has persuaded a postal administration to sell to him for waste paper its stock of uncurrent stamps, and hence he is able to sell these great rarities for a mere trifle. Master Jones takes the bait, sends off his little earnings, and if he receives an answer at all—in nine cases out of ten he receives nothing—he is amazed to find a large assortment of rare stamps, some fresh and clean, others nicely cancelled, but all tending to make Master Jones feel that he will soon humble the pride of his neighbor. Like older human nature, he keeps his purchases secret, as he wishes his victory to be a most glorious one for himself, the defeat a most humiliating one to his neighbor. But sooner or later Master Jones finds that he has been made a dupe. Not one of the stamps he has purchased is genuine. Those so nicely cancelled are as bad—in fact, worse than those which are clean. For the counterfeiter, with an ingenuity which might have found employment in better spheres, even counterfeited the government cancelling marks.

Now this is not an imaginary case. It is, rather, the experience of thousands and thousands of collectors, each one of whom has been swindled more or less by this vile trade in counterfeit stamps. It is impossible to estimate the injury resulting to Philately. If it were the dimes and quarters thrown away which alone were to be considered, the loss might be repaired. But it is the disgust, the doubt, following the disclosure, that cause thousands of young collectors, who were enthusiastic in their new hobby, to throw away their collections, and betake themselves to other pastimes.

But it is not always upon the beginner that the counterfeiter or the dealer in fraudulent stamps tries his hand. The trash that he sold to the beginner was in truth trash, and trash of the worst sort. When he could not succeed in getting copies of the wood-cuts that adorned the pages of many of the stamp journals, he had wood-cuts made, most miserable in execution, which could never have deceived the collector who at any time had caught sight of the genuine stamp. The counterfeiter often tried his hand at imitating the rare stamps, and in this, even among collectors who claimed to a certain knowledge of what is good and what is bad in stamps, he met with some success. In these cases, to give plausibility to his specimens, he charged a very high price for them. These counterfeits are of the finest execution.

In many countries, when the supply of low values runs out, the higher values are utilized by printing on the face of the stamps the expression of the value needed. And in other countries, notably many of the Portuguese colonies, the stamps of the home country are made to do service by having printed on them the name of the colony in which those stamps are to be used. The counterfeiter has stepped in here, obtained the genuine stamps before alteration, and then printed upon them a forged inscription either of place or value. They are very dangerous, of course, but not half so dangerous as a late trick which has been exposed. Many stamps are printed on water-marked paper. Water-marked paper has, so far, escaped the counterfeiter's arts. But it seems that some sheets of the water-marked paper on which were printed the stamps of Tuscany were obtained in some way or other from the post-office, and on these the counterfeiter printed forgeries of the rare Tuscan stamps. However suspicious the stamp itself seemed, it was printed on water-marked paper, and as this had not yet been proved to be counterfeited, the stamps would readily pass. Exposure came, but not until the forger had made many dupes, and had pocketed his ill-gotten gain.

Besides these counterfeits which are made exclusively for the collector, and which, therefore, are worth nothing, is another class of counterfeits which have been made exclusively to swindle governments. Because of this fact, and because many of them have actually franked letters through the post, these counterfeits are more valuable to the collector than the corresponding genuine specimens.

To give all the facts concerning counterfeit stamps, and the means of distinguishing them from the genuine, would take up every line of Young People for many mouths to come. This of course it is impossible to do. But a few words of caution will not be out of place. If you decide to purchase, deal only with dealers of established reputation, and require a written guarantee that the stamps sold are genuine. Have no transactions with "Stamp Companies," which so often have been proved to be cloaks for swindling concerns. Keep clear of great bargains. Remember that stamps have a market value, and that any great departure from this value is suspicious.

There are no counterfeits of United States stamps or stamped envelopes, except in two instances: 1. The 5-cent and 10-cent stamps of the 1845 or first government issues have been counterfeited by the Post-office Department, although the genuine dies and plates are still in existence. These the government sells at face value; but to the philatelist they are worthless. 2. Stamped envelopes of the 1860 issue—1-cent, 3-cent, 4-cent, 6-cent, and 10-cent. Genuine specimens of these envelopes are worth from twenty-five cents for the 1-cent envelope, to fifty or seventy-five dollars for the 10-cent envelope. But the counterfeits were sold for a few cents each.

In fine, if you have any doubt about your specimens, send them to some advanced collector for his opinion, taking care to inclose as much postage for the return of your stamps as you placed on your letter when you sent it. I shall be happy at all times to give any of my young friends all the advice which they may require about their specimens.