Stamptrotters of The Hudson Valley
Stamptrotters of The Hudson Valley

Constitution and Auction Rules

Constitution of the Stamptrotters

 

Society of Hudson Valley


Approved January 1978  Amended July 2005, January 2006

 

The Stamptrotters Society of Hudson Valley (New York) is organized to encourage and promote philately. The Society is a non-profit organization, and all monies acquired will be for Society use.

 

  1. Membership

 


  1. General membership shall be open to anyone indicating a sincere philatelic interest.
  2. Members are defined as those individuals who pay dues during a fiscal year, except as defined otherwise below.
  3. Each member unit may cast one vote; and may assign the vote to the Secretary with or without instructions.
  4. Special membership may be granted to younger collectors, who may select non-paying, non-voting membership.       This is available to anyone until their 18th birthday.
  5. Life Membership and Honorary Membership may be granted under special circumstances determined by the Executive Committee
  6. Each membership, excluding Honorary, is assigned a number (or letter)
  7. Actions deemed detrimental to the Society or individual members shall be brought before the Executive Committee, by petition of five members for investigation and resolution. If necessary, a membership can be terminated by a 2/3 vote of the membership after a hearing by the executive committee. The hearing will include the accused and the members who brought the charge.      
  8. Any guest may participate in the auctions.  Guests may bid at one meeting without joining.  Guests may sell any number of times without joining, but are subject to the following rules: guests lots are always auctioned last; and all lots are subject to a ten percent fee on prices realized. Guests may also have a member of the club place lots into the auction on their behalf.  There will be a designated member who will do this.  This member and the club will equally share the selling fee.  The member will determine the best way to lot the material, with the idea of making the lots attractive to the members of the club. 
  9. Occasionally the club will offer perks to full members in good standing. This is restricted to those members who attend during the year, have paid their dues, who buy and/or sell in the auction, or who contribute in some meaningful way to the club’s benefit (serving as an elected officer, assisting with web, lotting material, etc.).


 

 


 

  1. Officers

 


  1. Elected officers shall be President, Vice President, Secretary, and Treasurer
  2. The term of office is two years [note: we operate on a one-year term]
  3. The president shall appoint a nominating committee of three members in March to select a slate of officers. The slate shall be announced at the first May meeting, with nominations accepted from the floor. The election is held at the first June meeting of every odd-numbered year.
  4. Officers will take office at the first meeting in July
  5. Should a vacancy occur for any elected officer, that vacancy will be filled by ballot as soon as possible; with the newly elected person completing the remainder of the original term.
  6. The executive committee consists of the elected officers
  7. Other committees will be appointed bye the President as needed.
  8. Duties normally associated with each office will prevail
  9. At the first meeting of the year, each officer in charge of special projects give a yearly accounting covering the specifics of his or her responsibility


 

 

  1. Meetings

 


  1. The Society will meet on the 2nd and 4th Thursdays of each month unless the membership votes otherwise.
  2. A quorum shall consist of 20% of the membership, one of whom must be an officer
  3. Each membership, including adult family members, is entitled to one vote.


 

  1. Dues

 


  1. The treasurer will collect $10.00 dues from                                                   

each member at the first meeting in

September.


 

  1. Amendments

 


  1. The amendment shall be presented to the membership at a regular meeting
  2. The secretary shall inform members by E-Mail of the text of the proposed amendment, and this will be available for two meetings prior to the vote
  3. The proposed amendment shall be brought to the floor of the next regular meeting.

The amendment must be approved by 2/3 of those present and voting.

Club Auction Guidelines

 

Proposed 7/12/12, approved 8/9/2012

 

Basic Rules

  1. Auction night shall be held on the 4th Thursday of the month, or as may be rescheduled by the club president.

  2. The club vice president shall be in charge of displaying the club lots and safeguarding them between auctions.

  3. The club treasurer shall be responsible for keeping track of the bidding, collecting the monies and keeping financial records of both expenditures and sales.

  4. All members may bid.

  5. Guests may bid at a single meeting, but must join to bid at subsequent meetings.

  6. Guests may contribute up to 20 lots one time to the auction, with the auction manager or vice president’s permission, and are subject to a 20% commission, which is retained by the club; they must join if intending to submit lots at more than one meeting.

  7. Meetings should not last past 9:00 pm.; if the meeting looks to last longer than 9:00 pm, the auctioneer may revise the order to insure that all members submitting lots have a portion of their lots offered.

     

    Club Lots

  1. The Vice President shall request new lot material from the Stamp Procurement Manager whenever deemed necessary.

  2. The Stamp Procurement Manager shall be responsible for the purchase of new material for auction, the cataloguing and pricing of said material, and the preparation “ready for display” of the material.

  3. The Stamp Procurement Manager shall be supplied with a new set of Scott catalogues (1 yr. old) every 3 years, for the purpose of pricing updates. The old catalogs shall be returned to the club for disposal at an auction.

  4. Any other supplies needed, i.e. watermark fluid, display mounts, color charts. Publications, etc. may be purchased and reimbursed by the treasurer, all other purchases to be approved by an officer of the club.

  5. When requested by the Vice President the Stamp Procurement Manager will break down certain lots and reprice them when deemed advisable for a sale.

     

     

     

    Lot Limits, Descriptions, Order, and Such

  1. No limit shall be placed on the number of club lots displayed.

  2. Club members shall be limited to 20 lots each.

  3. Club lots are always auctioned first, followed in rotation by member lots. After auctioning club lots, the auctioneer shall determine the order of lots to offer.  

  4. Lots should be properly described, including some ID (catalogue number is best). Other information that can appear might include CV (citing catalogue used and year issued), year of issue, subject, and condition (used, MNH, MLH, etc).

  5. All defects in single stamp lots and lots containing a single set MUST be described; this includes scuffs, thins, tears, repairs, disturbed gum, toning, creases, etc. For our purposes, please include FDCs and mint postal stationary.

  6. Defects on covers, other than FDCs and mint postal stationary, need not be described.

  7. All lots are returnable for full refund for whatever reason anytime within the following 2 meetings.

     

     

    The auctioneer

  1. The auctioneer is in charge of the meeting; this includes insuring that all activities in the room are auction-related and eliminating distractions.

  2. The auctioneer will call the meeting to order at 7:30, or whenever he arrives, whichever comes first. Other club activity, including the 50/50, should already be concluded.

  3. The auctioneer will try to call on bidders in the order in which they’ve raised their hands.

  4. The auctioneer is sole arbiter of disputes during the auction.

  5. The auctioneer should identify any additional attributes or defects he spots on lots.

     

    Pricing

  1. Club lots are priced at the latest CV per the Scott Catalogues on hand and then offered at an opening bid of 20% of CV.

  2. Club lots are offered for 2 consecutive auction nights (and the 1 intervening business meeting as for-sale items).

  3. Club lots still unsold after 2 auction nights are marked down to 10% CV and marked “red tag”. They are offered as red tag sales for 1 auction night only.

  4. As an added incentive to bidders an additional 5% discount is offered on cumulative purchases of $20 or more and a 10% discount on cumulative purchases of $40 or more on club lots at any single meeting. This discount does not apply to sales from other members.

  5. Members will be charged a 10% commission on all items sold.

  6. The auctioneer will use the following bidding increment conventions: 10c up to $2; 25c up to $5; 50c up to $10; $1 up to $25; $2.50 henceforth. He may round down any increment to make life easier for himself, so, for instance, a 95c item’s next increment would be $1.

  7. Club members may suggest other bids while bidding on a lot, as long as the bid is not less than the current bid.

  8. Sellers may ask the auctioneer to lower the price of a lot. This should be limited to a single instance, but that instance may include all remaining lots

  9. On high-value items cataloguing over $200 still unsold after the “red tag” offer, the Stamp Procurement Manager will attempt to trade it to one of the suppliers for credit against future purchases. The trade will be the best possible and at his discretion.

  10. If still unsold, or not tradable, the $200 CV item will be returned to the vice president, who will make record of the item and give it to a volunteer club member with guidelines to be placed on EBay or other auction site. The club member will be reimbursed all expenses and fees and given a 10% commission on the net sale as an added incentive.

  11. The auctioneer, if requested by the Stamp Procurement Manager, may bundle club lots or reduce below the 10% mark, or use other techniques when club lots are not likely to otherwise move. The impetus for this must come from the Stamp Procurement Manager or Vice President.

An Overview of Our Services

  • Auctions every month
  • Connections with other collectors and traders
  • Stamp Services and information
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We would be happy to give you more details regarding our services. Please contact us at +1 518 398 9663 or use our contact form.

Contact Us

Stamptrotters of Hudson Valley

Red Hook VFW

Fisk and Elisabeth Streets

Red Hook , NY 12571

 

Call us at +1 518 821-5467 or use our contact form.

Business Hours

We meet on the second and fourth Thursday of each month with the meeting starting at  7:00 PM.  Auction meetings start at 7:00 but members are encouraged to arrive early to set up items for sale or to puruse the potential yummies.

 

 

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