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Thursday, March 3, 2011

Stamp Investment Tip: Argentina 1930 Revolution Issue (Scott #374-92)

In 1930, Argentina commemorated its revolution of that year by issuing a set of seventeen stamps (Scott #374-92). The Revolution of 1930 was basically a military coup which put the conservative right in power, resulting in 13 years of political corruption and repression, which was terminated by another coup in 1943. Only 3,000 sets were issued, and Scott '11 values the unused set at $1,264.50.

I continue to favor all better stamps of Latin America as bets on the growth of the region's middle class. As collectors often focus on Latin America as a whole, demand for the stamps of the individual countries is supplemented by the the more general regional focus.

With a population of about 40 million, Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Historically, Argentina's economic performance has been uneven, as periods of high economic growth have alternated with severe downturns. Over the last 5 years, annual GDP growth has averaged a whopping 8.5%. However, over the last 20 years Argentina has weathered several major debt crises and recessions.

I have begun a new blog, "The Stamp Specialist", which will feature my buy prices for stamps which I am interested in purchasing. I've just posted a buy list for Argentina, including the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent
way to keep current on the vagaries of the stamp market.

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