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Rarity Factors versus Prices:

There are two schools of thought on the matter of how a collectorcan gauge the relative value (rarity) of his holdings of specialist philate-lic material. The one school says that all listings and handbooks writtenfor this type of material should have prices shown even though these may,ofnecessity, be published about once every decade or so. Prices will have aconstant relationship one to the other so that a collector entering the mar-ket will know how to value a particular item having only the current priceof some of the related material as a guide. As an example, if a particularcover is listed in a handbook at $5.00 and is known to sell for $10.00 thenanother $5.00 item in that handbook should probably-also be selling for the$10.00 figure. An item catalogued in the handbook at around $2.50 might beselling for about $5.00 and. another listed at $7.50 should be about $15.00.

Another school of thought , the one presently expressed by squaredcircle and R.P.O. handbooks, says that there is a factor that can be calcu-lated which shows the relative rarity of any item in relation both to otheritems and to the number of serious collectors who are looking for it. Froma study of squared circle and R.P.O. handbooks it can be seen that there issome apparent difference in the factors used in arriving at the factors thetwo handbooks use and since this newsletter will deal almost exclusively insquared circle material we will discuss only some sort of pricing scale forsquared circles using the rarity factors used in our roster.

Bill i,offatt has often said that the rarity factor that is now inuse is based on the assumption that at about R.F. 45 the number of known co-pies of a particular squared circle just about equal the number of seriouscollectors who will be seeking it. A study of the last roster indicates acount of between 84 and 108 for R.F. 45. In a numerical listing of squaredcircles starting with the most common and proceeding to the rarest Bowman-ville with 108 copies known is number 239 and Berlin with 84 is number 260.These two towns represent the limits of R.F. 45. It is considered that anycollector with a holding of around 250 different hammers is serious and onthe lookout for new material.

What then occurs is that the collectors and the dealers can cometo some agreement on a price the specialist would be able to support at theR.F. 45 level, what could be considered fair for items less difficult and ascale of prices he could be expected to pay for more highly rated material.The limits are naturally set by two factors , at the low end of the scale nosquared circle item can be worth less than the basis on which it exists, iethe stamp, piece or cover on which it is found. At the high end of thingsthe affluence of the individual collector and of those.competing with him-as well as the sheer acquisitive nature of the human animal-must be takeninto account.

At least one older dealer I know has been clearing up his squaredcircle stock books with prices of about'i20 on stamp, $3.00 on piece at aR.F. 45 level and going down to about .20 for R.F. 2.5. Of course there isvery little material with R.F. 50 rating or higher but this is priced at anextremely low $3.00 to $4.00. Market prices , using some of the larger, andbetter known , dealers who handle squared circle material on a constant basehave been carefully studied and a pricing structure , to R.F . 100 or so, canbe discerned. There is, of course, some variance from this and there is aneasily detected regional disparity , but in the main these prices are thosefound acceptable by these dealers and, evidently , by collectors.

...3

^ ON ST_?T°1P ON PT::E ON COVM

2.5 .20 ,30 .50

5. .25 •35 ,60!

7.5 .30 .40 .7511

10. .40 .50 1 - 2

15. •50 .75 2 - 3

20. .75 1 2 3 5

25. 1 - 2 2 - 3I

4- 6

39. 2 - 3 3 - 5 5- 8

35. 3- 5 4-. 6 7- 15

40. 4- 6 5- 8 10 - 20

45. 5- 8 7- 15 15- 30

50. 1 7 - 15 10 - 20 20 - 40

60. 10 - 20 15 - 30 25 - 50

70. 15 - 30 20 - 40 30 - 60

80. 20 - 40 25 - 50 35 - 75

90. 25 - 50 30 - 60 45 - 100

100. 40 - 80 50 - 100 75 - 150

MUARKS

These prices are for thecommon Small Queen, Leafor Numeral values or forEdward or Admiral stampswith low retail value.

For strikes on the morevaluable stamps up to aRF of around 45 - 60 anallowance should coverthe value of the stamp.

"On Piece" strikes areto be complete or justabout.

The range of prices asshown allows for valuejudgments on quality-for strike, piece, etc.

At about this RF care-ful consideration mustbe given to the resultof new finds and theiraffect on RFs.

The above prices are based on personal experience and a study ofthe market during the early fall of 1976. Prices at any individual dealerare likely to vary slightly from this but the relative pattern should holdtrue. Going into the higher RPs finer strikes are likely to earn premiumsinto the upper ranges of the price structure.

Some of the rarest squared circles are generally available onlythrough auctions or private treaty sales. Prices realized at auctions arethe result of interest at the time and the skill of the auctioneer.

Knowledgeable collectors obtain a major part of their holdings,if not all of them , through barter and exchange with other collectors. Apurchase of good quality material should then be judged " on balance," notin isolation . Thus the cost of a good collection of squared circles canbe kept at a reasonable level in terms of real value and the pure fun ofthe hunt for ever more difficult to find material.

Eventually the collector can settle down to serious study of aninteresting facet of squared circles which does not involve the high costmaterial. Interesting single town collections, indicia studies, can take

"ll

up the slack created when the pocketbook dictates a halt to the hunt forrarities. ...4

"

1C`d , ^^ -

ri u••'O ^ C -i

t,a? 'i i{ v ..ic»

Napinka & Winnipeg. W94, Type 2. A very fine example of the use of thesquared circle type of R, P. 0. This cover shows two strikes of hammer

using the direction West and one strike of the East, 9th & 5th of April 1900.

From Shaw's Canadian Transportation Postmarks, 1963.

Souris & Winnipeg. W 150. Type Two, Second Hammer . An exampleshowing usage on the last day of the year, DE 31 / 98. Locatedat mile 122 . 56 on the C .P.R. Winnipeg to Souris run Methven wasa very small farm community. The Methven cancel is rare.

From the collection of G. F. Hansen.

Two not scarce but interesting R.P.O. Squared Circle cancels.

•••5

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z n_a-

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The Squared Circle R.P.O.S:

The preceding pages contain illustrations of two interesting R.P.O.squared circles. Shown as well is a map of the western region of the C.P.Ry.(a portion of Manitoba) on which both the runs involved are indicated. Closestudy of this map will show that the Souris & Winnipeg run originated at Wood-man and was known as the Glenboro Subdivision. The full 146.87 miles becamefull operative on October 4th., 1892, The Napinka & Winnipeg run started atRugby and is actually two subdivisions. The first, known as the La Rivieresubdivision, was 111.02 miles long and was fully operative by January 3rd. of1886. The second section, known as the Napinka subdivision was 108.48 milesin length and was placed in complete operation on August 1st., 1892. Woodmanand Rugby are the points just outside of Winnipeg at which the C.P.R. subdiv-ision lines branch off the mainline.

There are actually three R.P.O. squared circles. Beside the two we

have illustrated, both on the western runs of the C.P.R. there is one eastern

run which was originally on the old Intercolonial.Railroad and is now a part

of the C.N.R. This is known as ,uebec & Campbellton running from Campbellton

in Neer Brunswick to Quebec City. I wonder if anyone can provide me with some

sort of map, similar to the one illustrated, showing this run? I would also

be interested in time tables used during the period of use of the squared cir

-cle cancellers.

Very little accurate information has been gathered together relatedto these runs and cancels and I am now trying to form a small collection thatreally could not, at the moment;, be dignified by the term specialized. SinceI have pretty well reached a point where I am going to have to slow down on aplan to put together a collection of around 310 different hammers (i have 290plus) I think I will devote a bit of time anTeffort to building up this partof my collection and getting some definitive information on it. I would thusbe interested in purchasing any material of this type or trading, if possiblewith other collectors. I would also appreciate reports of holdings of any ofthe R.P.O. squared circles.

When sending in your report please include full dates, indicia, anyother interesting information such as whether the strike is on piece, on backor front of cover or on stamp. The R.P.O.s are listed on pages 57 and 58 ofthe third edition of the handbook but here is a full listing:-

Que. & Camp. MC LocalFirst Hammer. (No. 5 at base.)Second Hammer. (No. 20 at base.)

First, Second, Third, Fourth, Fifth & Sixth states.

Napinka & Winnipeg MCFirst Hammer. (No. 1 at base.)Second Hammer. ( No. 2 at base.)

Souris & Winnipeg DCFirst Hammer. (No. 1 at base.)Second Hammer. (No. 2 at base.)

The Hidden Rarity Factors:

After writing about rarity factors and prices I was reminded aboutthe hidden rarity factors of early and late dates, rare indicias, errors etc.This can pose a problem for those who believe in being honest in all dealings

with others. This includes both fellow collectors and dealers.

...7

The Hidden Rarity Factors: (cont'd.)The true specialist tries to be meticulously honest with everyone,

dealer or fellow collector. When dealing with a collector whom he believesis a bit less knowledgeable than himself he will point out the value of anyparticular item being traded. When working with a dealer he will not becometoo surprised if the dealer is fully knowledgeable about the various factorsinfluencing the prices of some squared circles. If the dealer underprices aparticularly good item it isn't such a silly idea to let him know that he isdoing so. I have always found that the dealers I know will still sell me anitem at his original price and also will be inclined to look out for cancelsor strikes I might find interesting.

The Proof Book of Canadian Postmarks:

One of the most important source books for students of the squaredcircle and other cancelling devices of Canada has been the proofbook of Prit-chard & Andrews which is in the possession of the Philatelic Foundation, ofNew York. Proof strikes of cancelling devices of many types are included inthe book and it is unfortunate that the book is not more readily available.

This situation could now be corrected if the National Postal Museumin Ottawa could either re-patriate to Canada the original volume or could atleast obtain a full photocopy of it. It is my impression that efforts whichhave been made in this direction have been frustrated by inaction by staff of

the Philatelic Foundation.With the projected move of the National Postal Museum to the down-

town area of Ottawa near the parliament buildings this facility will be muchmore accessible to collectors than the present arrangements. Squared circlecollectors, and others interested in the postmarking devices of Canada coulduse their influence to make sure that this material is placed in Canada's ownpostal museum, in one form or another, as rapidly as possible.

Gore Bay NO 9/31:

A few years ago, at the time of preparation of the last roster, animpression of the GORE BAY hammer with this date was made on about 300 cardswhich were later distributed by Bill Moffatt to those who participated. Thecard and strike made its appearance at BNAPEX 76 in a dealers stock priced-

at 0"15 . 00. I am sure the dealer was not aware of just what he had and afterhe was informed of its philatelic nature he withdrew it from sale.

It just goes to show what can happen when a few innocent strikes ofa relatively uncommon squared circle are produced.

This Newsletter is For YOU:

This editor is blessed with the marvelous help of Bill Moffatt andwe both hope that this newsletter will provide you with the best possible in-formation on squared circles. But without your help we will not be able tocontinue for long. If you have anything you would like to see covered or anarticle of your own you would like to see published, as 14ng as it is squaredcircle material send it along. There is so much all of/can learn about thisgreat specialty of ours that you shouldn't feel bashful about either telling

or asking.Correspondence should be sent to G. F. Hansen, 375 Jefferson Ave.,

Winnipeg, Manitoba, Canada, R2V ON4. If possible you should use photcopy orphotographic material to illustrate your material rather than actual strikesor other items from your collection.

...8

A Handy Form For Dealing With Insistent Correspondents:

Lover wanted to get rid of overly demanding correspondence from acollector who was breathing down your neck for a reply? The form below isadapted from one sent me by Barry Shapiro of Texas when he got a bit crossat me for being slow in answering a letter or two of his. I have edited abit, taking out some of his ideas which were a bit too personal, or were abit too close to the truth.

Sir

Dear Vladam:have not replied

I am not replying to your letter of because:

I didn't get your letter.

I got your letter, but didn't bother to read it.

I got your letter, read it, don't consider it should be replied to.

You took so long to reply to my last letter to you I an, punishing you.

My greatest rival found a Montreal, Type 1, on cover, backstamped withboth Coleman and Fonthill squared circle transit marks, all three withcolored strikes and so I am giving up and joining the trappist monks &making Oka cheese by trampling milk curds in my barefeet, at 40 below.

Have been given absolutely undeniable proof that all squared circlesare fakes produced by a Nazi fugitive living in the jungles of Brazil.

My albums are getting overcrowded so I am busy soaking stamps off mostof my covers or converting them into cut squares to save space.

Have decided to have fun for a change and am now devoting full time towine, women and song, not necessarily in that order.

Am too old to have fun as indicated above and am reliving my misspentyouth with dirty books and XX:X rated movies.

Letters to and from Canada must now be bi-lir_gual, one language to beFrench, or the Quebec version of it, and the other anything but English,so I can't write to you anymore.

Canada's anti-inflation board has just ruled that I can't increase mycorrespondence by more than 8> over last year and letters to you havebeen rolled back. While awaiting action on my appeal, expected in nomore than six months, I will have to ask you to return my last letter.

Postage rates are too high and postal service is so poor, so the hellwith it.

Have joined a new religious order dedicated to getting rid of Pierre E.Trudeau and we are all going to Mecca, with all of Pierre 's resignedcabinet ministers , to pray for victory.

Will reply when I damn well feel like it..

'.gill reply when hell freezes over, the polar icecaps melt, or yourstate becomes part of Canada.

Just a few attractive Squared Circle Covers From Other Lands.

REGISTERED. LETTER.^1N OFFhsR OF THE POST OF F I

TO'S -ETTERMU BE GIVE4 TO

TO BE REGISTERED. AND A IECEIPT OBTAINED FOR IT..

THE ADDRESS MUST BE WRITTEN ON THIS 'SID

UNION POSTALE UNIVERSELLE

H CARD- G ° E I.T BP,IT AE- & IRIELAIf(Gi AND I =;ET^G\R ET 1 LAtiDE)

WL ADDR=5S ONLY TO EE WRITTEN ON THIS SIDE.

P O S TC A R DTHE ;ADDRESS ONLY TO BE WRITTEN ON-THIS SIDE.

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POST CARD.71`HE fl"- fill

uESS TO BE WRITTEN ON T11IS SI

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I __- f---ort hefnre Christmas. 00910

Bill' s Pages:

At BNAPEX '76 in San Francisco, when the formal Squared CircleStudy Group was formed, a first edition of this newsletter waspromised for the end of October. In order to keep our promisethis first edition is being sent out without Bill's questions,or any other material from Bill.

A letter from Bill received to-day promises some material fromhim within the next week or ten days and I am sure that in thenext edition Bill's pages will make up a major portion.

After San Francisco Bill and his wife took a well earned rest.They didn't return to Hickory Hollow until some time about twoweeks ago. Under the circumstances I know we can forgive Billfor this time beca'se to Bill the Fourth Edition of the Hand-book must be the most important thing in the works, philateli-cally, for at least the next several months.

Just the same, I had hoped to have material from Bill in this,our first effort, and it's absence reminds me of a story whichI heard several years ago.

It seems away out west there was an elderly maiden lady whosewealth, a large cattle ranch, made her an attractive catch toa rangy cowpoke.After a whirlwind courtship and a quiet marriage the two wentoff on their honeymoon and that evening, while they were in asituation that all newlyweds find themselves in the bride, insome rapture, said:-"Just think, here we are, married at last and all set to rideinto the sunset of life together.""If you don't shut up and do something to join in this is oneride into the sunset I'll be going on on my own." was the sadreply of the groom.

If you haven't. already joined the Squared Circles Study Groupand enjoyed this first copy of the Round Up Annex why riot getbusy and join now. Membership is $3.00 per year and will in-lude the Round Up Annex.

Send your check or mo y order to:G. F. Hansen,375 Jefferson Avenue,Winnipeg, Manitoba.R2V ON4.

Make checks payable to G. F. Hansen.

...11

Some Interesting Ontario Squared Circle Covers:

AR' =......................................................