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Friday, October 23, 2009

Stamp Investment Tip: Peru 1935 Founding of Lima Issue (Scott #C6-12)

In 1935, Peru celebrated the 400th Anniversary of the Founding of Lima by issuing a set of airmail stamps (Scott #C6-12). Only 6,000 sets were issued, and Scott '10 prices the unused set at $ 62.20.

Peru has issued a number of scarce sets which I intend to recommend in future articles.

With a population of 29 million, Peru is an emerging market nation which has experienced significant economic growth over the last 15 years, and annual GDP growth averaging 7.5% over the last 5. Poverty has steadily decreased, although great inequities in income distribution persist. As the trend continues and more Peruvians join the middle class, the country's better stamps should do very well.

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