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Thursday, November 5, 2009

Stamp Investment Tips: Lebanon 1948 UNESCO Souvenir Sheet (Scott #C145Note)

In 1948, Lebanon issued a compound set honoring UNESCO (Scott #220-24/C141-45). 50,000 sets were issued, and Scott '09 prices the unused set at $ 80.25. The set is worthy of consideration as an attractive UN Topical; however, I feel that the souvenir sheet issued with the set (Scott #C145Note), of which only 2,000 were issued (Scott '10 Catalog Value of $ 275.00) is a far better investment.

UN Topicals have worldwide appeal, which should increase as the UN gradually gains credibility as an effective institution for dealing with global problems.

Lebanon, a nation of 4.2 million people, has had negligible GDP growth over the last 5 years due to Hezbollah's war with Israel, Syrian domination, and internal strife. Nevertheless, I am confident that it will eventually return to prosperity as the various factions within the region learn how to get along, and Beirut returns to its former preeminence as the "Paris of the Middle East."

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