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Monday, October 26, 2009

Stamp Investment Tips: Angola 1949 Scenes (Scott #319-24)

In 1949, Angola, issued a tourist set featuring scenes of the country (Scott #319-24). 50,000 sets were issued, and Scott '10 prices the unused set at $ 143.85 ($ 200.00 NH). Most were used as postage and discarded.

Angola, a nation of 18 1/2 million people, won its independence from Portugal in 1975, but was the scene of an intense civil war until 2002. The country has the fastest growing economy in Africa, averaging 15.5% over the last five years, largely driven by oil production. However, it faces huge social and economic problems as a result of the 27-year Civil War, and widespread corruption and poverty.

I favor the Scenes set based on its scarcity and interest to Portuguese Colonies collectors. Should Angola progress toward reconstruction and reform more quickly than is likely, the set will receive an added boost from from collectors within the country.

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