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Saturday, October 24, 2009

Stamp Investment Tip: French Morocco 1928 Airmail Semi-postals (Scott #CB1-10)

In 1928, French Morocco issued a set of airmail semi-postals picturing scenes of Morocco (Scott #CB1-10). 51,237 sets were issued, and Scott '10 prices the set at $ 47.50 unused.

Now an independent kingdom of about 32 million people, Morocco has enjoyed annual GDP growth averaging about 5% over the past 5 years. The services sector, especially tourism, accounts for over half of GDP, and other industries include mining, manufacturing, and agriculture. Since the early 1980s the Moroccan government has pursued an economic program toward accelerating real economic growth,reforming the financial sector and privatizing state enterprises.

Better issues of the French Protectorate period have a potential dual market. Currently they are mainly sought by collectors of French Colonies. I expect that they will rise significantly as the stamp market develops within Morocco itself.

Those interested in becoming part of a community of stamp collectors, dealers, and investors are welcome to join the Facebook "Stampselectors" group, which currently has over 1,600 members.

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