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Wednesday, October 17, 2012

Stamp Investment Tip: Falkland Islands 1904-07 Edward VII (Scott #22-29)

The Falkland Islands, an archipelago in the South Atlantic off the coast of Argentina, is a self-governing territory of the United Kingdom. While Falkland Islanders comprise a tiny but very affluent population of about 3,000, from a philatelic investment perspective, the Falklands are of interest because they appeal to both British Commonwealth and Antarctic territories collectors.

From 1904 through 1907, the Falklands issued a set of six stamps portraying King Edward VII (Scott #22-29). Only 6,060 were issued, and Scott '13 prices the unused set at $577.75 .

I recommend purchase of the set in F-VF+ NH or LH condition. Few people were collecting stamps of the Falklands a century ago, and the high values of the set were pricey, considering that the average worker of the time earned only about 10 to 20 shillings per week. Most of the sets were probably used as postage and discarded.

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