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Thursday, November 4, 2010

Stamp Investment Tip: Belgium 1932 Cardinal Mercier Issue (Scott #B114-22)

In 1932, Belgium issued a semi-postal set honoring Cardinal Mercier (Scott #B114-22). A hero of World War I, Mercier staunchly resisted the occupation of Belgium and issued a pastoral letter condemning German atrocities. 25,509 sets were issued, and Scott '11 values it unused at $573.85.

This is an attractive Religion topical and one of the key semi-postal sets of Belgium. I view it as a conservative investment.

With a population of just under 11 million, Belgium is the world's 15th largest trading nation. Highly industrialized, educated, and affluent, Belgium has a sizable, vibrant stamp collecting community comparable to those of its Northern European neighbors. GDP growth has averaged only 1.2% over the last 5 years, reflecting a 3% contraction in 2010. Like most of Europe, the country was hit very hard by the global financial crisis, and is now in recovery mode.

Notes that the set exists with a privately produced black overprint "Braine-L'alleud 17-7-33 Collegio Card. Mercier." 4,700 sets were overprinted, and it is noted by Scott.

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