Wednesday, March 21, 2012
In 1919, Newfoundland issued a set of twelve stamps (Scott #115-26) honoring the 1,204 Newfoundlanders who died in World War I. Each stamp pictures Newfoundland's Official Animal, the Caribou, and notes a famous battleground of that pointless war. 48,400 sets were issued, and Scott '12 prices the unused set at $264.25 ($425.00 for NH) .
Aside from being an undervalued B.N.A. issue, the Caribou Issue has the added appeal of being an Animal Topical set.
Many of the better stamps of Newfoundland were issued in modest quantities. I intend to revisit them in the future, as I am "doggedly bullish" (to badly mix metaphors) about better British North America in general. This area is very popular among collectors of both Canada and British Commonwealth, and the better items represent solid investments, as interest in stamp collecting in Canada is much stronger than it is in the U.S. .
With a population of about 31 million, Canada is one of the world's wealthiest countries, and is one of the world's top ten trading nations. GDP growth has averaged 2.2% over the past five years, which takes into account the 0% growth of 2009 due to the global financial crisis. Canada's population is expected to age significantly over the next decades. Canadians over 60 are projected to increase from 16.7% of the population in 2000 to 27.9% in 2025, and 30.5% in 2050. Consequently, in the future, many more Canadians will be spending time working on their stamp collections on cold winter days.
Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.