Armand Rousso in the Commercial Appeal


Armand Rousso


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ARMAND ROUSSO'S COMMERCIAL APPEAL
January 4, 1986

Broker aims to give philately stamp of new responsibility

Rousso, the owner and chairman of the International Stamp Exchange Corp. of Miami Beach believes he can revive interest in philately with a combination of publicity and the lure of profit.

“There is no doubt that collecting stamps is not seen today as a modern, fashionable hobby,” he said.
“We are trying to dust it off and to show, especially to young people that it can be great fun, and, what is more important, very profitable.”

Potential buyers, dealers or individuals who have telex terminals or personal computers can see the exchange’s listings of stamps and enter bids on them. If the bid equals the price asked, the sale is automatically completed by the exchange. If the bid is lower, the seller can choose to accept it.

Buyers are charged 3 percent and sellers are charged 6 percent.
Auction houses usually collect 10 percent from both the seller and the buyer.

 
© 2004 Armandroussocommercialappeal.com