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Wednesday, January 6, 2010

Stamp Investment Tips: Ryukyus 1958 30y Light Olive Green Variety (Scott #24a)

The Ryukyus Islands were occupied by U.S. forces in 1945, and reverted to Japan in 1972. During the period of occupation, the U.S. issued stamps for use in the Ryukyus, which now are sought by U.S. and Japanese collectors.

In 1953, the Ryukyus issued a 30y Olive Green stamp picturing the Sonchan Utaki Altar at Shuri Castle (Scott #24)a s part of its 1952-53 Scenes set. While the normal stamp is quite common, a light olive green variety (Scott #24a), issued in 1958, is not, as only 1,300 of the variety were issued. Scott '10 prices the unused variety at $ 60.00.

The variety has been neglected, and has a strong dual market, appealing to both American and Japanese collectors.

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