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Thursday, April 25, 2013

Stamp Investment Tip: Peru 1963 Chavin Ceramics Airmail Semi-Postals (Scott #CB1-5)

In 1963, Peru issued a set of five airmail semi-postal stamps picturing ceramic objects found at the excavations of its Chavin culture, an early indigenous civilization (Scott #CB1-5). The additional non-postal surtax helped to fund the excavations. 30,000 sets were issued, and Scott '13 prices the unused set at $ 5.35.

This currently inexpensive set has appeal as an Art/Archeology topical, and should also do well as Peru continues its economic development. As with all stamps of Latin America, demand is bolstered by the tendency of collectors to focus on the region as a whole.

With a population of 29 million, Peru is an emerging market nation which has experienced significant economic growth over the last 15 years, and annual GDP growth averaging 7.2% over the last 5. Major exports include copper, gold, zinc, textiles, and fish meal. In 2010 Peru's per capita income is about $10,000. Poverty has steadily decreased since 2004, when nearly half the country's population was under the poverty line, although great inequities in income distribution persist. As the trend continues and more Peruvians join the middle class, the country's better stamps should do very well.

I have begun a new blog, "The Stamp Specialist", which will feature wholesale buy prices for stamps which I am interested in purchasing. I've posted a buy list for the Peru, and it includes the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.

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