Sunday, October 25, 2009
In 1910, Newfoundland issued a handsome lithographed set of 12 stamps commemorating the tercentenary of its colonization by John Guy (Scott #89-97). Six of the stamps were re-issued as an engraved set in 1911 (Scott #98-103). 10,000 of each set were issued, and Scott '10 prices #87-97 unused at $ 487.30 ($ 950.00 NH), and #98-103 unused at $ 412.50 ($ 750.00 NH).
I recommend both sets in VF NH, LH, or Used condition. Stamps of Newfoundland (and British North America in general) are popular among collectors of Canada and British Commonwealth. Better B.N.A. items represent solid investments, as interest in stamp collecting in Canada is much stronger than it is in the U.S.
With a population of about 31 million, Canada is one of the world's wealthiest countries, and is one of the world's top ten trading nations. GDP growth has averaged 2.2% over the past five years, which takes into account the 0% growth of 2009 due to the global financial crisis. Canada's population is expected to age significantly over the next decades. Canadians over 60 are projected to increase from 16.7% of the population in 2000 to 27.9% in 2025, and 30.5% in 2050. Consequently, in the future, many more Canadians will be spending time working on their stamp collections on cold winter days.