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Thursday, September 11, 2014

Stamp Investment Tip: Hungary 1938 Eucharistic Congress Souvenir Sheet (Scott #B94)

 In 1938, Hungary issued a semi-postal souvenir sheet honoring the Eucharistic Congress, which was held that year in Budapest (Scott #B94). 100,000 were issued, and Scott '14  prices the unused souvenir sheet at $50.00.

  The souvenir sheet has obvious appeal as a Religion/Christianity topical, and should also profit from Hungary's future economic growth.

While recent economic reversals in Europe have hurt the stamp market there, I feel that for most of the countries, the situation is unpleasant but short-term. In the meantime, there are opportunities to pick up bargains, and scarce items with topical appeal are worth considering.

After a difficult transition from a centrally-controlled economy to capitalism, Hungary has experienced moderate economic growth until it was impacted by the 2008-09 financial crisis. As a result of the global financial mess, GDP growth has been almost flat over the past five years. As the newest member of the European Union, this nation of 10 million receives nearly a third of all direct investment flowing into Eastern Europe. Agriculture, metallurgy and mining, and tourism are major components of the economy.

  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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