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Monday, May 30, 2011

Stamp Investment Tip: Costa Rica 1934 Airmail Issue (Scott #C15-27)

In 1934, Costa Rica issued its first long airmail set (Scott #C15-27). 17,000 were issued, and Scott '11 prices the unused set at $35.00 . It is likely that the vast majority were used as postage and discarded.

As with most of Latin America, Costa Rica has issued many stamps which I feel are grossly undervalued.

This small nation of 4 1/2 million people is unique as the only Latin American country to have escaped the plague of repressive dictatorships and oligarchies endemic to the region. Costa Rica has generally enjoyed greater peace and more consistent political stability than many of its fellow Latin American nations. The government offers generous tax exemptions to those investing in the country,and in recent times electronics, pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries in Costa Rica's economy. High levels of education among its residents make the country an attractive investing location. Annual GDP growth has averaged 5.6% over the last 5 years.

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 Costa Rica, 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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