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Thursday, January 24, 2013

Stamp Investment Tip: Ecuador 1945 Red Cross Issue (Scott #440-43/C131-34)

   In 1945, Ecuador issued a compound set of eight stamps honoring the International Red Cross (Scott #440-43/C131-34). Only 10,000 sets were issued, and Scott '13 prices the unused set at $58.40.

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. This topical appeal, as well as the growth in interest in stamps of Latin America, should bolster the value of this currently inexpensive set.

Ecuador, a democratic republic of 13.6 million people, is considered a medium-income country, with about 38% of its population living below the poverty line. Ecuador's natural resources include petroleum, fish, shrimp, timber and gold. In addition, it has a prosperous agricultural sector, producing bananas, flowers, coffee, cacao, sugar, tropical fruits, palm oil, palm hearts, rice, roses, and corn. While Ecuador's economy suffered during the 2008-09 financial crisis, weathering a default and repurchase of its debt at a discount, it seems to be recovering. Annual GDP growth over the last 5 years has averaged about 5%.

I've begun a new blog, "The Stamp Specialist", which features wholesale buy prices for stamps which I am interested in purchasing, as well as links to other dealers' buy lists.  Viewing such buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.


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