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Thursday, November 21, 2013

Stamp Investment Tip: Costa Rica 1960 Soccer (Scott #C283-88, C289)

  In 1960, Costa Rica issued a set of six stamps and a souvenir sheet honoring the 3rd Pan-American Soccer Championship (Scott #C283-88, C289). 25,000  of each were issued, and Scott '13 prices them unused at $4.90 and $ 6.50, respectively.

Aside from being yet another grossly undervalued Latin American issue, the set doubles as a Sports/Soccer Topical. Soccer is the most popular sport in the world, with a following of billions of fanatical fans, many of whom live in emerging market nations. Philatelic investors who focus on better Soccer topicals will certainly get more out of it than a kick in the shins.

A small nation of 4 1/2 million people, Costa Rica is unique as the only Latin American country to have escaped the plague of repressive dictatorships and oligarchies endemic to the region. Costa Rica has generally enjoyed greater peace and more consistent political stability than many of its fellow Latin American nations. The government offers generous tax exemptions to those investing in the country,and in recent times electronics, pharmaceuticals, financial outsourcing, software development, and ecotourism have become the prime industries in Costa Rica's economy. High levels of education among its residents make the country an attractive investing location. Annual GDP growth has averaged 3.4% over the last 5 years.

 "The Stamp Specialist" blog features my buy prices for stamps which I am interested in purchasing. I've posted a buy list for Costa Rica. Viewing dealers' buy lists every now and then is an excellent way to keep up with the vagaries of the stamp market.

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