Tuesday, September 17, 2019

Last order from Postphil?

Possibly maybe my last order of stamps from Iceland Post's "PostPhil". With Iceland Post losing money and Postphil operating at a loss since 2014, the decision was made to shut Postphil down. What does that mean? It means no more philatelic sales. Fewer stamp issues or none at all. And stamps that are issued will be difficult to obtain because Iceland Post will no longer have a philatelic bureau. I understand there are a few possible scenarios for the future of stamps in Iceland but for now it doesn't look good.

This is the official statement from the Postphil website:

Dear customer,

In an effort to help stabilize Iceland Post’s economic situation, the company’s board has decided to close Postphil in its current form at the end of this year. Postphil has been operating at a loss since 2014. Revenue has decreased significantly due to a fall in the number of customers, while operating costs have remained the same.

As things stand today, there are no certainties regarding the number of stamp issues in the coming years. However, it is certain that there will be a reduction in the number of issues and the number of issue dates per year.

Best regards,

The staff at Postphil

This is what was in my last order. There was a time when I used to regularly purchase mint stamps and FDCs from places like Iceland. Back when the Canadian dollar was stronger and I had more disposable income. But it's been quite a while since I've purchased stamps from Postphil. In fact, I probably stopped around the time their revenue started falling. Too many self adhesive issues and the costs were getting way too high for a casual collector like myself. I'll probably place another order after the Christmas issues are available, before the office gets shutdown for good.

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