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Sunday, June 30, 2013

Stamp Investment Tip: Bolivia 1952 Eduardo Abaroa (Scott #365-70, C157-62)

  In 1952, Bolivia issued a compound set of  twelve stamps honoring Eduardo Abaroa, its  foremost hero of the War of the Pacific (1879–1883), which pitted Chile against Bolivia and Peru (Scott #365-70, C157-62). 50,000 sets were issued, and Scott '13 prices the unused set at $ 21.05 .
 This set strongly appeals to Bolivian nationalism, and  is yet another grossly undervalued issue from a Latin American country. Also, there are many collectors who focus on the region as a whole, which supplements demand for the stamps of the individual countries.

 A nation of about 11 million people, Bolivia is the poorest country in South America, despite being rich in natural resources. Along with substantial reserves of silver and tin, Bolivia has the second largest natural gas reserves in South America and 50%-70% of the world's lithium, for which demand is expected to rise significantly over the next decades, because of its use in making batteries for electric vehicles. Since 1985, the government of Bolivia has implemented a far-reaching program of macroeconomic stabilization and structural reform aimed at maintaining price stability, creating conditions for sustained growth, encouraging foreign investment, and alleviating scarcity. Annual GDP growth has averaged 4.6% over the last 5 years.

I have begun a new blog, " The Stamp Specialist ", featuring my buy lists for stamps which I wish to purchase, including some Bolivian stamps. Periodically viewing dealers' buy lists is an excellent way to remained informed about the state of the stamp market.

1 comment:

  1. Beautiful post, I have half of this series on my War Scenes & War Weapons collection, I like it very much, I must say, that, Bolivia has quite nice old stamps, thank you very much for post