Search This Blog

Thursday, November 15, 2012

Stamp Investment Tip: Newfoundland 1932 Dornier Flight Surcharge (Scott #C12)

  Newfoundland issued several overprinted airmail stamps that served as postage on pioneer flights, which are of great interest to Aviation topicalists  and include some of the great rarities of Aviation Philately. The rarities are unaffordable for the vast majority of collectors, but the lesser flight overprints are also quite scarce and worthy of consideration as investments.

In 1932, Newfoundland issued a $1.50 airmail stamp for use on the Trans-Atlantic Dornier Flight (Scott #C12) by surcharging 7,980 of its 1931 $1 Airmail Stamp (C11). Scott '13 prices the unused stamp at $ 275.00  ($425.-  for NH). I recommend purchase of the stamp in VF NH or LH condition, or on a Flight cover.

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 viewing a list of scarce stamps with printing quantities of 100,000 or fewer should take a look at the StampSelector Scarce Stamp Quantities Issued List, which currently contains over 9,700 entries. 

1 comment: