Question

What is philately? what difficulty would you face if you take up philatelist?​

Answer 1

Answer:

the collection and study of postage stamps is called philately

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Answer 2

Philately is the study of stamps, postal history and other connected items. It refers to the collection, reserach activities on and appreciation of stamps and other philatelic items, as well. Philately comprise more than just stamp collecting that does not necessarily include  the study of stamps. One can be a philatelist even without owning any stamps. For example, instance, the stamps being studied can be rare or reside only in museums

Explanation:

• Some of the issues of being a philatelist, stamps are fragile and can be permanently torn/damaged owing to careless handling. Not all stamps go up  or increase in value/worth/price at the same rate, and stamps can even decline in market worth/value, like other speculated commodities.
• Moreover, one should be certain that he/she is not overpaying to start  with or are purchasing a stamp which has been secretly repaired or is a duplicate/forgery of a rare item.
• You may want to cover your investment from the right insurance form if you have more than a few stamps or collect rare stamps. As such one must seek an insurance company who specialises in fine art and collectibles and offers all-risk coverage. Getting an insurance company who insures stamp is very difficult as not all insurers cover such risks
• The future philatelic sale demand is unknown. The demand for philatelic items mainly comes from collectors rather than investors and in Western countries the majority of collectors are more than 50 years of age. In Europe and North America there are relatively few younger collectors expected to be purchasers in the future, although anecdotal evidence suggests that this may not be so in India, China, or in other developing countries.
• In the longer term, postal stamps may be in question in the future as people are increasingly using electronic communications and sending less letters. If the stamps are not sold for postal purposes, the collection can stop and the vital collection demand underpinning the investment market may disappear.
• Stamps have little intrinsic value, no raw material interest in a gold coin, no share in an industry such as stocks and generally no lasting visual appeal of a great art. Stamps may be relatively illiquid as finding a buyer may take time.
• Spouses or executors must be given special instructions if the owner fails or dies, since philatelic objects are unknown to them.

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