Thursday, March 27, 2014
In 1950, Canada overprinted stamps from its 50c Oil Wells Issue of earlier that year 'O.H.M.S." for official use (Scott #O11). 95,000 were issued, and Scott '14 prices the unused stamp at $40.00.
Because the market for modern Canadian high values has been weak of late, it is possible to find O11s in VF NH condition offered at 25%-35% of Scott.
I believe that the undervaluation of this stamp is due to its having been overlooked as an obscure back-of-book issue. Many were probably used as postage by government offices, and then discarded.
Interest in stamp collecting in Canada is much stronger than it is in the U.S., and I favor better B.N.A. stamps for investment, especially if they had modest printings and have been unjustifiably overlooked thus far.
With a population of about 31 million, Canada is one of the world's wealthiest countries, and one of the world's top ten trading nations. GDP growth has averaged 2.2% over the past five years, which takes into account the 0% growth of 2009 due to the global financial crisis. Canada's population is expected to age significantly over the next decades, thereby bolstering its population of serious collectors. Canadians over 60 are projected to increase from 16.7% of the population in 2000 to 27.9% in 2025, and 30.5% in 2050. Consequently, in the future, many more Canadians will be spending time working on their stamp collections on cold winter days.
Those interested in becoming part of an international community of stamp collectors, dealers, and investors are encouraged to join the "Stampselectors" group at Facebook. The group hosts lively discussions concerning stamp investment and practical aspects of collecting, and provides a useful venue for those who wish to buy, sell, or trade stamps.