Sunday, June 1, 2014
Stamp Investment Tip: South Korea 1955 10th Anniv. of Independence Presentation Sheets (Michel Block 85-86, Scott 219Note.)
From 1948 to 1958, South Korea issued presentation sheets featuring the designs of its regular postage stamps. These ungummed, often crudely produced sheets were issued in very low quantities and given to dignitaries, including friends of the President, as the country was not completely devoid of cronyism. The Michel catalog lists these sheets, but Scott does not, although it mentions them. They frequently sell at auction for between 10% and 20% of Michel, and I consider them grossly undervalued due to the uncertainty about their legitimacy. They were issued during a period of war and the gradual recovery from it, when the country was very poor, and they are as scarce as hen's teeth.
In 1955, South Korea issued a set of two presentation sheets celebrating the nation's 10th Anniversary of Independence (Michel Block 85-86, Scott 219Note). 1,000 sets were issued, and Michel prices the set at at 900.- Euros (about $ 1,220.-). I recommend purchase of the set if it offered at around $120.- to $240.- (about 10%-20% of Michel CV).
A nation of about 50 million people, South Korea is one of the fastest growing economies in the world. Currently, it is the world's 13th largest economy and eighth largest exporter. It's export-fueled economic growth has led to a miraculous explosion in its GDP, from almost nothing 50 years ago to about $1 trillion today. Annual GDP growth has averaged about 4% over the last 5 years, reflecting a slowdown in 2009 due to the global financial crisis. Furthermore, South Korea may be the most rapidly aging nation on earth, as its 65+ population is expected to more than quadruple from 9% in 2005 to 38% in 2050. Obviously, this could pose economic challenges for the country, but it will almost certainly add to its stamp collecting population.
Those interested in viewing a list of scarce stamps with printing quantities of 100,000 or fewer may wish to check out the StampSelector Scarce Stamp Quantities Issued List, which currently contains over 9,700 entries. Researching quantities issued data is vital to determining in which stamps to invest.