Do Post Offices BUY stamps?

ste_bla

ste_bla

ste_bla

Soldato
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Always thought the amount first class stamps goes up is quite good (or bad depending which way you look at it)

So can you buy a lot (i.e. £1k) of first class stamps @ 36p each and when they go up, which they will you can sell them back and get £55 profit (or 5.5% growth)?

Or am I thinking crazy thoughts?
 
fail-1.gif


Epic hassle for low return.
 
ste_bla said:
when they go up, which they will you can sell them back
Click to expand...
Sell stamps back to Royal Mail...? Why on earth would they want to buy stamps from you instead of just printing more of their own, which they can do for a lot less than you'll be selling them at...?

Was this a serious question?
 
Yeah you can cash stamps back in after you've bought them... but only for their face value.

I.e. a 26p stamp will only ever get you 26 pennies when you cash it in. Taking inflation in to account, it's a bit of a waste of time.
 
FAILboat time (cba to find the image).

Postage Stamps are not Legal Tender (i.e. they do not meet the strict definition). They were Legal Tender at various points during our history but that is no longer true. Shopkeepers may at their discretion accept them, but they don't have to.

http://www.royalmint.gov.uk/Corporate/BritishCoinage/LegalTenderGuidelines.aspx

I bought several books of stamps several years ago and I'm still using them (when I remember to take them with me), but any saving I've made by doing so has easily been wiped out by inflation.

PS - strictly, shopkeepers don't have to accept notes and coins either, since Legal Tender only applies to court debt.
 
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