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Wednesday, September 16, 2009

Stamp Investment Tip: India 1948 Mahatma Gandhi Issue (Scott #203-06)

On January 30, 1948, Mohandas K. Gandhi, one of the greatest men who ever lived, was assassinated. On August 15, the first anniversary of India's independence, India issued a set of stamps depicting the Mahatma (Scott #203-06). About 230,000 sets were issued, and the set has a Scott '09 Catalog Value of $ 126.00.

In my opinion, this set is certain to rise in value. It has appeared on many buy lists lately, and may not be available for less than full Scott value. Several decades ago, before India's economic growth accelerated, an NH set could be purchased for as little as 25% of Scott.

A small number of Gandhi sets were overprinted "SERVICE" for Offical use (Scott #O112A-112D) in the following quantities, with Scott Catalog Values also given: O112A - 15,950
($ 45.00), O112B - 1,350 ($ 800.00), O112C - 250 ($ 2,100.00), O112D - 20 ($ 12,000.00). The catalog values given are italicized in Scott, indicating that reliable market information is unavailable, making it difficult to assign accurate values. A set of the Gandhi Officials sold for 38,000 Euros (about triple Scott) at a David Feldman Auction in 2007. Buying the less expensive lower values individually makes sense, but since forged overprints exist, require expertization as a condition for purchase.


  1. Panama's Gahdhi 1970 stamp is worth much more than Scott's value. i just sold an used one for $12.00. Scott's price $0.35

  2. You might want to check out the StampSelector article on Gandhi topicals (search under "Gandhi topicals").

  3. I am having on 1948 gandhi series unused one and half anns stamp .. anybody can let me knw the present market value of the same.. please oontact me @ or else call me @ +919700155611