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Friday, February 3, 2012

Stamp Investment Tip: Kyrgyzstan 2003 Artifacts Souvenir Sheet (Scott #205)

In 2003, Kyrgyzstan issued a souvenir sheet picturing Kyrgyz artifacts found by archeologists (Scott #205). Only 3,000 were issued, and Scott '11 prices the unused sheet at $10.00 .

The miniature sheet is a very scarce Art topical, and I believe that focusing on scarce popular topicals is a prudent means of speculating on stamps of the newly independent nations of Central Asia. Whether or not demand develops within these countries for the stamps that they issue, there will always be worldwide demand for their most popular topicals.

A nation of 5.5 million, Kyrgyzstan is the second poorest country in Central Asia. It has had economic difficulties following independence from the Soviet Union, as a result of the breakup of the Soviet trading bloc and resulting loss of markets, which impeded the republic's transition to a free market economy. Agriculture is an important sector of the economy, and the country also has substantial deposits of coal, gold, uranium, antimony, and other valuable minerals. In addition, the country's plentiful water resources and mountainous terrain enable it to produce and export large quantities of hydroelectric energy. Overall, the government appears committed to the transition to a market economy,and economic performance has improved considerably in the last decade, although the country was hit by the global financial crisis in the last two. Annual GDP growth has averaged 2.8% over the last 5 years.

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