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Tuesday, February 8, 2011

Stamp Investment Tip: New Guinea 1931 Bird of Paradise (Scott #18-30)

In 1931, New Guinea issued its second set of stamps, picturing a Bird of Paradise (Scott #18-30). Only 2,550 of this attractive Bird Topical set were issued, and Scott '11 prices it unused at $ 423.- .

Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. Agriculture provides a subsistence livelihood for most of the population of about 7 million. Annual GDP growth has increased dramatically over the last 5 years, from 1% in 2005 to about 7% in 2009. Still, the majority of the population is extremely poor, and I do not foresee the development of a significant collecting population within the country for some time.

Most of the collectors of Papua New Guinea are British Commonwealth collectors or Australians, because the country was administered by Australia until 1975, and maintains close ties with that nation. I recommend purchase of the better stamps of Papua, New Guinea, and Papua New Guinea based on the probable growth in interest among Australian collectors, and collectors of British Commonwealth.

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group at Facebook. The group hosts lively discussions concerning stamp investment and practical aspects of collecting, as provides a useful venue for those who wish to buy, sell, or trade stamps.

1 comment:

  1. I was born in PNG & grew up there & us kids collected stamps as a hobby.
    I haven't collected in many years but I should check if I have that stamp..