Armand Rousso in the Miami News


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The Miami News
September 9, 1985

Dade dealer is putting his stamp on a computer-aided business

Rousso believes he can change the face pf philately by using a computer to match buyers and sellers of investment-quality stamps.

What he hopes to do, he says, is cash in on a share of $450 million-a-year business of stamp collecting and trading.

Rousso said he hopes to get his International Stamp Exchange Corp. into operation in Miami Beach by the end of this month. With the computer-aided matching service, he said, he expects to pull in much of the business that traditionally has been conducted in small shops and philatelic exchanges throughout the country.
Rousso said that with instant access to information about the condition of specific stamps and how much they are worth on an open market, he can attract investors who usually plunk down thousands of dollars to buy stocks or tax-free municipal bonds.

“I think it will turn small investors into serious collectors,” he said.
But some philatelic experts question the benefit of Rousso’s computer-aided system.

Ezra Cole, an 82-year-old stamp collector from New York, with a reputation as one of the most competent philatelic experts in the world, said he doesn’t like the idea of using computers to buy and trade stamps but that if handled correctly it could succeed.

Herman Herst, a 52-year-old veteran of the stamp trade and noted author on philately, said, “The problem is not finding customers; the problem is finding rare stamps.”

“I have always stressed the fact that stamp collecting is a hobby for pleasure,” Herst said. “Investment schemes have not always turned out well. But I hope Mr. Rousso’s will work out. He’s not the first to attempt this, nor will he be the last.”

 
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