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Thursday, November 11, 2010

Stamp Investment Tip: Nova Scotia 1851-57 Issue (Scott #1-7)

From 1851-57, Nova Scotia, which was then a British colony, issued its first postage stamps (Scott #1-7). All featured the crown and heraldic flowers design which was used for several other issues of British North America, except for the 1p Red Brown (Scott #1), which portrayed a young Queen Victoria. All of these stamps are scarce, and while quantities issued are known on #2, the most common of the seven stamps, and #6 (91,000 and 50,000, respectively), each of the rest probably had comparable printings. The vast majority of these stamps were almost certainly used and discarded. I've listed the Scott '11 Catalogue values for unused and used below:

-1853 1p Red Brown (Scott #1; $3,250.- unused, $650.- used)

-1851-57 3p Bright Blue (Scott #2; $1,250.- unused, $240.- used)

-1851-57 3p Dark Blue (Scott #3; $1,600.- unused, $300.- used)

-1851-57 6p Yellow Green (Scott #4; $4,750.- unused, $675.- used)

-1857 6p Dark Green (Scott #5; $9,250.- unused, $1,900.- used)

-1857 1sh Reddish Purple (Scott #6; $25,000.- unused, $5,250.- used)

-1857 1sh Dull Violet (Scott #7; $25,000.- unused, $6,500.- used)

Based on the value differences between unused and used, I consider F-VF+ used examples of these stamps to be bargains.

I continue to favor all better stamps of British North America as worthy of consideration. The area is very popular among collectors of both Canada and British Commonwealth, and the better 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.

Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.

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