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Saint Paul Stamps is simply a ponzi type scheme that markets to people with limited knowledge about stamp collecting... The initial plug for 1500 or 2800 investment is just a precursor to getting 10-30k investments out "clients".. The stamps have no market value, beyond the ability of SPS to sell them to other, unknowing and greedy people... If you have bought any product from SPS, recommend you read up on bbb.org reviews and see if you credit card can process a charge back.
Phil in Texas
Finally, the BBB is taking it seriously. I have been complaining for years. They knew all the time about the scamming and fraudulent activities of this company and their head Terri. They once told me about the many complaints they have received and yet the BBB backed them. I guess they had no choice as Terri played the game so well, or perhaps he BBB just needed their membership fees. I can’t comprehend how this company was able to keep an A+ rating for this long.
I am in the process of seeking criminal charges brought against this company and its owner.

Hi Phil,
I believe I've been scammed by saint paul as well. Do you have any interest in collaborating - there could be some strength in numbers?
thanks

Nick would be interested in collaborating I also has been a victim of StPaul Stamps.
Answered the phone to Hi Bob like we were friends. Told me we spoke a few months back which we did not. Told me at the time I was not interested but she had something new for me. Told her I was a financial planner and that I take care of my own investing. She asked if I was familiar with something I'd never heard of I presume in the stamp world!! She then said she would put me on the Do Not Contact list...
Yes, initially I got a cold call. I was a bit interested since I collected stamps when I was younger. After "upgrading" a couple of times, I purchased a stamp which sold at auction giving me a gain of about $1,500. In testing them, I asked for the total amount of my investments less their commission. It took them several months, but I received it. Satisfied, I then re-invested in their stamps.
I believe stamps are a good long-term investment. Certainly, they are not as liquid as other investments. The returns have good potential. Currently, I am at my max on for that investment sector.
Unfortunately, the was another company who was a scam group, and who had St. Paul's customer list. Their pitch was they had buyers in China, who were interested in U.S. stamps. That is a true statement. They provided the service of posting your scanned stamps on a webpage for buyers to see. After a month or so, they would call you and say they had a buyer for your stamps. They required an "up front" commission fee of between $1,500 to $3,000 to handle the transaction. They have changed their name several times, and as far as I know, they are still scamming buyers..
They were operating out of Las Vegas, Nevada or nearby. No doubt, there was confusion generated from this group, and St. Paul Stamps, because of the same city location.
St. Paul is trying to expand their marketing of stamps to Europe and Asia....
I'm simply not tolerable to liars. When they called they said they spoke to me in January of this year. I said they did not and he BLASTED ME. I laughed at him over the phone and hung up.