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Thursday, February 28, 2013

Stamp Investment Tip: Macao 1934 Allegory (Scott #268-88)

  In 1934, the Portuguese issued a set of definitives for Macao, featuring an allegory of "Portugal and Vasco de Gama's flagship, the "San Gabriel" (Scott # 268-88). While quantities issued information is unavailable for this set, I would estimate that 20,000 or fewer sets were issued, and Scott '13  prices the unused set at $925.40 .

Most of the sets were probably used as postage and discarded. I recommend purchase of it in F-VF or better, NH or LH condition.

In my opinion, all of the better stamps of the European and other foreign Colonies/Possessions in China should be considered for investment, as they have dual markets both in their former home countries and in China.

In 1999, Macao became a special administrative district of the People's Republic of China. With a population of about 500,000, Macao's economy is dependent upon tourism, much of it geared toward gambling, although important secondary sectors include apparel manufacturing and financial services. Annual GDP growth has been high, averaging over 9% over the last 7 years. The fact that much of Macao's economic growth has been driven by a regional monopoly on gaming is a little worrisome, because obviously there is no guarantee that the People's Republic won't relax restrictions on gambling in the rest of China, allowing more competition. Nevertheless, I feel that certain scarce issues of this former colony are grossly undervalued, given the number of collectors who will be bidding for them.

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group at Facebook. The group hosts lively discussions concerning stamp investment and practical aspects of collecting, and is also an excellent venue for those who wish to buy, sell, or trade stamps.

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