A collection of stories by Herman (Pat) Herst, Jr. about the stamp market and how the prices of stamps have been affected by various events. Herst gives advice on collecting stamps, such as "There is no substitute for knowledge," "Beware of pitfalls," "Cash in on Fads," and "Don't be a slave to the catalog." The book was first published in 1962. This fifth edition, published by Linn's in 1988, was the first revised edition.
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About the Author
Herman "Pat" Herst, Jr., was one of stamp collecting's most prolific writers. His articles appeared regularly in the philatelic press for more than half a century. Nicknamed Pat because of his March 17 (1909) birth date, Herst was born in New York City. He soon moved with his family to Portland, Oregon, which had been the home of his maternal grandparents since 1850. After his graduation from Reed College in 1931, he returned to New York where he supplemented his Wall Street salary with sales from the stamp collection he had started at the age of eight. He soon found that he frequently could sell a stamp at a price higher than he had paid for it. He decided he could make a living selling stamps, and in 1935, Herst opened an office on Nassau Street in New York City, the stamp dealers' Mecca. Eleven years later, Herst moved to Shrub Oak, New York, and later retired to Boca Raton, Florida. He died in 1999. In addition to his columns, which appeared in most major stamp publications, Herst authored several books. He was one of the few philatelic authors who could boast of having his books in the hobby sections of many public libraries across the country. His works include Nassau Street, Fun and Profit in Stamp Collecting, Stories to Collect Stamps By and More Stories to Collect Stamps By. For many years, he also published Herst's Outbursts, a house organ containing retail offers and stories.
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