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Monday, October 19, 2009

Stamp Investment Tip: Australia 1932 Sydney Harbor Bridge Issue (Scott #130-32)

In 1932, Australia issued a set of three stamps celebrating the opening of the Sydney Harbor Bridge (Scott #130-32). 72,800 of the high-value, the 5sh Gray Green, were printed, and the Scott '10 values the set at $507.00 unused ($1,211.00 for NH) and $ 307 .00 used. The 5sh Bridge stamp is the key commemorative of Australia, and is frequently sold alone.

Australia is a prosperous nation of 22 million people and a diverse economy, with thriving service, agricultural, and mining sectors. Annual GDP growth has average 3.6% over the past 15 years. Recently, there has been considerable growth in mining and petroleum extraction, in part due to increased exports to the resource-hungry Chinese market. It is likely that Australia's stamp collecting population will grow significantly as the nation ages. The percentage of Australians over 60 is projected to rise from 16% in 2000 to 24.8% in 2025, and 28.2% in 2050.

I strongly recommend purchase of either the set, or the 5 shilling Sydney Bridge stamp alone, in VF NH, LH, or used condition. It represents a blue-chip investment which will reflect the growth of Australia's economy and stamp market.


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