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Wednesday, September 17, 2014

Stamp Investment Tip: Kuwait 1959 Scenes (Scott #140-52)

  In 1959, Kuwait, then a British protectorate, issued an attractive engraved set of thirteen stamps with scenes related to its oil industry (Scott #140-52). 51,658 sets were issued, and Scott '14 prices an unused set at $ 54.45 . It is likely that most were used as postage and discarded.

   The set appeals to both collectors of Kuwait and British Commonwealth.

A country of just under 3 million people, Kuwait is the 5th richest country in the world, with proven oil reserves of 104 billion barrels, and annual GDP growth of just under 6%. It is also developing its other major industries, which include shipping, construction, cement, water desalination, construction materials and financial services.

There are a number of scarce and undervalued issues from the Gulf States which I view as bargains. Assuming that these countries can maintain their economic growth, diversify away from their current near-total dependence on oil revenues, and avoid internal political instability or military conflicts with their neighbors, their better stamps should all do well.

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.  

1 comment:

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