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Sunday, September 27, 2009

Stamp Investment Tip: People's Republic of China 1964 Peony Souvenir Sheet (Scott #782)

In August of 1964, about a year and a half before the beginning of the Cultural Revolution, the People's Republic of China symbolically fulfilled its broken promise to let a few flowers bloom, by issuing a set (Scott 767-81) and souvenir sheet picturing paintings of Peonies (Scott #782). Only 30,000 of these beautiful Flower topical souvenir sheets were issued, and Scott '10 values the unused souvenir sheet at $ 1,200.00 .

Most were sold to American and European collectors, because philately was discouraged in the P.R.C. at the time. Like the Ping Pong souvenir sheet (Scott #566a) tipped earlier in this blog, this sheet is white-hot right now, and tipping it is actually a boringly safe recommendation. Unless China has another revolution or the sky falls on it somehow, the Peony Souvenir Sheet will continue to soar, the only pertinent question being how far and how quickly.

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