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the manufacturer. Prices in this market are set by the
manufacturer and vary widely depending upon the quality of the
products and the method of sale. The secondary market refers to
those first day covers sold by traditional stamp dealers, who are
not manufacturers or publishers of first day covers. The
secondary market operates through local shops, mail-order
catalogs, and trade shows. This market can be either at the
retail level or wholesale level, and prices are generally
determined by the laws of supply and demand.
In addition to first day covers, there are other “first day
of issue” collectibles, including first day pages. First day
pages are similar to first day covers but vary slightly in size
and format. For example, rather than using the envelope format
of a first day cover, the format of a first day page might be a
photograph, a dinner menu, a diploma reprint, or copies of
congressional minutes. Affixed to the first day page is a first
day of issue stamp that is typically related to the subject
matter of the page.
Charitable Contribution
Petitioner acquired 60,484 first day pages from Rita Ostrer
(Ostrer) of the Historic Philatelic Document Company. The first
day pages (the Kesslers) were created by Seymour Kessler and
included prints, photographs, and other documentary material
depicting various events and scenes of historical significance.
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Last modified: May 25, 2011