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Thursday, December 29, 2011

Stamp Investment Tip: Switzerland 1940 National Fete Day Souvenir Sheet (Scott # B105)

In 1940, Switzerland issued a semi-postal souvenir sheet honoring National Fete Day (Scott #B105). 75,384 sheets were issued, and Scott '12 prices it unused at $ .

Proceeds from the non-postal surtax funded the Swiss National Fund and the Red Cross, thereby rendering this issue a Red Cross topical.

The International Red Cross and Red Crescent Movement is an international humanitarian movement with approximately 97 million volunteers, members and staff worldwide which was founded to protect human life and health, to ensure respect for all human beings, and to prevent and alleviate human suffering, without any discrimination based on nationality, race, sex, religious beliefs, class or political opinions. From a philatelic investment perspective, the support of almost 100 million of people for this movement creates a significant collector base for better Red Cross/Red Crescent topicals.

Switzerland, a nation of 7.8 million people,is one of the richest countries in the world by per capita, with a nominal per capita GDP of $67,384. The country experienced slow growth in the 1990s and the early 2000s, and was hurt by the global financial crisis, which has resulted in greater support for economic reforms and harmonization with the European Union. Annual GDP growth has averaged about 1.6% over the last five years.

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