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Sunday, May 4, 2014

Stamp Investment Tip: Manchukuo 1934 Enthronement (Scott #32-35 )

In 1931, Japan invaded Manchuria following the Mukden Incident, in which the Japanese military staged an act of sabotage in order to provide a pretext for war. In 1932, the Japanese formed the puppet state of Manchukuo, with Henry Pu-Yi, the former Emperor of China, as its head of state.

In 1934, Manchukuo issued a set of four stamps picturing either the Emperor's
Palace or a phoenix, symbolizing the former emperor's "restoration" (Scott #32-35).  120,000 were issued, and Scott '14 prices the unused set at $51.50 ($75.- for NH).

I recommend this issue due to both its scarcity and potential dual market among collectors of both China and Japan. I believe that it has been overlooked by collectors in China, due to their current tendency to spurn stamps issued by foreign occupiers.

The Stamp Auction Bidders and Consignors Union (SABACU) is a forum for discussing stamp auctions, and represents the interests of stamp auction bidders and consignors in their dealings with stamp auctioneers. All stamp collectors and dealers are welcome to join.   

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