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Thursday, April 10, 2014

Stamp Investment Tip: Georgia 2004 Rose Revolution Souvenir Sheet (Scott #343)

   In 2004, the Republic of Georgia celebrated the first anniversary of the Rose Revolution by issuing a souvenir sheet (Scott #343). Only 15,000 were issued, and Scott '14 prices the unused sheet at $3.75.

   This issue commemorates an important event in Georgian history, the overthrow of an unpopular and corrupt government which was tied to the old Soviet regime.  In my opinion, it is extremely undervalued.

With a population of about 4.5 million, the Republic of Georgia suffered severe damage to its economy due due to civil strife in the 1990s. With the help of the IMF and World Bank, it has made substantial economic gains since 2000, achieving robust  growth and curtailing inflation. Georgia has a sizable hydroelectric capacity, a factor that has become an increasingly important component of its energy supplies and policies. The country’s topography and abundance of hydro resources give it serious potential to dominate hydroelectric markets in the Caucasus region. Agriculture and tourism have also been principal economic sectors. Annual GDP growth has averaged just under 5% over the past 5 years.

Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.   

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