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NAICS Code 423920-21 Description (8-Digit)

The Stamps (Wholesale) industry involves the distribution of stamps to retailers and other businesses that sell stamps to consumers. These stamps can be used for a variety of purposes, including postage, crafting, and collecting. The industry includes a range of stamp types, such as self-inking stamps, rubber stamps, and pre-inked stamps.

Hierarchy Navigation for NAICS Code 423920-21

Tools

Tools commonly used in the Stamps (Wholesale) industry for day-to-day tasks and operations.

  • Stamp pads
  • Stamp ink
  • Stamp cleaners
  • Stamp handles
  • Stamp mounts
  • Stamp hinges
  • Stamp tweezers
  • Stamp magnifiers
  • Stamp catalogs
  • Stamp albums

Industry Examples of Stamps (Wholesale)

Common products and services typical of NAICS Code 423920-21, illustrating the main business activities and contributions to the market.

  • Postage stamps
  • Rubber stamps
  • Self-inking stamps
  • Pre-inked stamps
  • Custom stamps
  • Collectible stamps
  • Art stamps
  • Address stamps
  • Date stamps
  • Signature stamps

Certifications, Compliance and Licenses for NAICS Code 423920-21 - Stamps (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • United States Postal Service (USPS) Mailer's Permit: A permit that allows businesses to mail large quantities of stamped mail. This permit is required for businesses that want to take advantage of bulk mailing rates. The USPS provides this permit.
  • Federal Firearms License (FFL): A license that allows businesses to engage in the business of selling firearms. This license is required for businesses that want to sell firearms. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) provides this license.
  • Occupational Safety and Health Administration (OSHA) Certification: A certification that demonstrates a business's compliance with OSHA regulations. This certification is required for businesses that want to ensure the safety of their employees. OSHA provides this certification.
  • International Organization for Standardization (ISO) Certification: A certification that demonstrates a business's compliance with international quality standards. This certification is required for businesses that want to demonstrate their commitment to quality. The ISO provides this certification.
  • National Association Of Stamp and Coin Dealers (NASCD) Certification: A certification that demonstrates a business's expertise in the stamp and coin industry. This certification is required for businesses that want to demonstrate their knowledge and expertise to customers. The NASCD provides this certification.

History

A concise historical narrative of NAICS Code 423920-21 covering global milestones and recent developments within the United States.

  • The history of the Stamps (Wholesale) industry dates back to the mid-19th century when the first postage stamp was issued in the United Kingdom in 1840. The first adhesive postage stamp in the United States was issued in 1847, and since then, the industry has grown significantly. In the early days, stamps were sold by post offices, but as the hobby of stamp collecting grew, specialized dealers emerged. The first stamp auction was held in 1872 in London, and the first stamp catalog was published in 1861. In the 20th century, the industry saw the introduction of new technologies, such as photogravure printing, which allowed for the mass production of stamps. The industry has also been impacted by political events, such as the fall of the Berlin Wall, which led to a surge in demand for East German stamps. In recent years, the industry has seen a decline in demand for traditional stamp collecting, but an increase in demand for stamps as an investment. In the United States, the Stamps (Wholesale) industry has a rich history dating back to the 19th century. The first stamp dealer in the United States was John W. Kline, who opened a shop in New York City in 1862. The industry grew rapidly in the early 20th century, with the establishment of stamp clubs and societies. The American Philatelic Society, founded in 1886, is the largest nonprofit stamp collecting organization in the world. In the 1960s and 1970s, the industry saw a decline in demand for traditional stamp collecting, but an increase in demand for stamps as an investment. The rise of the internet has also impacted the industry, with many collectors now buying and selling stamps online. Despite these challenges, the industry remains a vibrant and important part of the American economy.

Future Outlook for Stamps (Wholesale)

The anticipated future trajectory of the NAICS 423920-21 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stamps (Wholesale) is expected to remain stable in the coming years. While the demand for traditional stamp collecting has declined, there is still a strong market for stamps as an investment. The rise of online marketplaces has made it easier for collectors to buy and sell stamps, which has helped to sustain the industry. Additionally, the COVID-19 pandemic has led to an increase in demand for hobbies and collectibles, which could provide a boost to the industry. However, the industry may face challenges from the rise of digital communication, which could lead to a decline in demand for traditional postage stamps. Overall, the Stamps (Wholesale) industry is expected to remain stable in the coming years.

    The future outlook for the Stamps (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of stamp collecting as a hobby. The rise of e-commerce has also made it easier for wholesalers to reach a wider audience and expand their customer base. Additionally, the industry is expected to benefit from the growing demand for personalized and customized stamps. However, the industry may face challenges due to the increasing use of digital communication and the declining interest in traditional mail. Overall, the Stamps (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423920-21

Recent groundbreaking advancements and milestones in the Stamps (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Customized Stamps: Wholesalers are now offering customized stamps that can be personalized with images or text, allowing customers to create unique stamps for their businesses or personal use.
  • Self-Inking Stamps: Self-inking stamps have become increasingly popular due to their convenience and ease of use. These stamps have an ink pad built into the stamp, eliminating the need for a separate ink pad.
  • Online Marketplaces: The rise of e-commerce has made it easier for wholesalers to reach a wider audience and expand their customer base. Online marketplaces such as Amazon and eBay have become popular platforms for wholesalers to sell their products.
  • Digital Printing Technology: Advances in digital printing technology have made it easier and more cost-effective for wholesalers to produce stamps in small quantities. This has allowed wholesalers to offer a wider range of products and cater to niche markets.
  • Eco-Friendly Stamps: Wholesalers are now offering eco-friendly stamps made from recycled materials or using environmentally friendly inks. This has become an important selling point for customers who are environmentally conscious.

NAICS Code 423920-21 - Stamps (Wholesale)

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