Search This Blog

Saturday, October 10, 2009

Stamp Investment Tip: Kuwait 1948-49 Surcharge Issue (Scott #72-81A)

Kuwait was a British Protectorate until it attained independence in 1961. In 1948-49, the British issued a surcharged set of eleven stamps for Kuwait (Scott #72-81A). 19,351 sets were issued, and Scott '10 prices the unused set at $ 92.50. Issues of Kuwait, especially those of the British period, are sought after both in Kuwait and among British Commonwealth collectors.

A country of just under 3 million people, Kuwait is the 5th richest country in the world, with proven oil reserves of 104 billion barrels, and annual GDP growth of just under 6%. It is also developing its other major industries, which include shipping, construction, cement, water desalination, construction materials and financial services.
There are a number of scarce and undervalued issues from the Gulf States which I view as bargains. Assuming that these countries can maintain their economic growth, diversify away from their current near-total dependence on oil revenues, and avoid internal political instability or military conflicts with their neighbors, their better stamps should all do well.

1 comment:

  1. Capital Lending and Mortgage Group offer Business Financing,loans to suit your business plan. Get quick & easy access to the funding you need now,Get the financing you need to help your business grow Quickly. Apply Now, Home finance, Business finance,Personal finance, Company finance, Student finance. Quick Approval,Email: