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  Covers: Up or Down??

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Author Topic:   Covers: Up or Down??
DChudwin
Member

Posts: 1096
From: Lincolnshire IL USA
Registered: Aug 2000

posted 09-14-2003 08:57 AM     Click Here to See the Profile for DChudwin   Click Here to Email DChudwin     Edit/Delete Message   Reply w/Quote
What is your take on the market demand for space covers?

My impression is that while the market demand for space memorabilia as a whole has increased, the interest in space covers has stayed about the same.

There is still demand for certain types of covers:

1) Flown Apollo mission covers e.g. Apollo 11, Apollo 15, have been going for thousands in recent auctions.

2) Autographed manned Mercury through Skylab covers, especially with complete crews, have been an area of continued interest (although photos have fetched more). Shuttle crew covers have been bringing significantly lower prices, with only a few exceptions (STS-1, 51-L, 107).

3) Covers with official KSC NASA cachets still go for premium prices, especially the rarer ones such as Gemini 5.

There are other areas of collecting covers in which interest, IMO, has decreased:

1) There appears to be much less demand for recovery covers, especially secondary ships. However, "Captain's Covers" are still sought after.

2) There is very little market for space shuttle covers because of the huge quantities available. Again, STS-1, 51-L, and 107 may be exceptions.

3) Prices for unmanned space covers have dropped, although there is still interest in some of the "premium" cachets such as Spacecraft or Goldey.

Overall, I think the numbers of space cover collectors has remained fairly level. I believe this area of collecting has a good future because the larger number of space memorabilia collectors will learn that covers are less expensive and a better historic record of the start of the space age.

What do you think?

micropooz
Member

Posts: 1512
From: Washington, DC, USA
Registered: Apr 2003

posted 09-14-2003 09:25 AM     Click Here to See the Profile for micropooz   Click Here to Email micropooz     Edit/Delete Message   Reply w/Quote
I agree, Dave. I think the number of hard-core space cover collectors is flatlined. Hard-core here meaning someone who collects more than a handful of space covers.

The good news however, is that the supply of good space covers seems to have increased by leaps and bounds with the advent of eBay. Ten years ago the only way to get the upper end space covers were through Seymour Rodman or Superior Auctions. They pretty much controlled the market and they both ran the prices through the roof. I have seen, and bought at more reasonable prices, more top-notch covers off of eBay in the last 5 years than I had for the whole 15 years before that.

With the advent of Paul Bulver's "Suspect Space Covers", the (soon) publication of his Apollo catalog, and the (soon) publication of McMahan's updated catalog, I think the reference materials will be available in qualities unsurpassed.

So, yes, space cover collecting has all kinds of room to grow. Now we just have to show folks how much fun it can be!

RMH
Member

Posts: 577
From: Ohio
Registered: Mar 2001

posted 09-20-2003 04:24 PM     Click Here to See the Profile for RMH   Click Here to Email RMH     Edit/Delete Message   Reply w/Quote
There doesn't seem to be many collectors transfering there interest in collecting space memoriabla to include collecting covers. It seems that those who do collect covers have been doing it for many many years, with very few new collectors comming aboard. I think one thing cover collecting has going for it is the over abundance of covers available for all the manned space flights (except maybe Shepard and Grissom) and including STS 1, 51-L, & 107. Those that start collecting now can easily obtain any mission they desire. Unlike collecting autographs where you might spend $800 for an Armstrong autograph you can easily pick up a set of Apollo 11 launch, moon landing, and splahdown covers for $10. Maybe it's this over abundance of covers that makes it hard to tell when a new collector comes around. There are countless posts about Armstrongs autograph because of it's "difficulty" to now obtain and the forgeries - that maybe the ease to obtain covers make it pointless to post.

I have never collected recovery covers (not interesting to me.) I went to a huge stamp show a month ago and there were three dealers that had a massive (at least it seemed to me) amount of these recovery covers for sale and most were a dollar a piece. I would definatly agree there is little interest in these covers apart from those who have had them for quit some time in there collection already.

All times are CT (US)

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