In 1954, the Republic of China, otherwise known as Taiwan, celebrated the first anniversary of the completion of its Silo Highway Bridge with the issuance of a souvenir booklet containing a souvenir sheet (Scott #1095a). Only 10,000 booklets were issued, and Scott '10 values it at $ 1,375.00.
Better stamps and souvenir sheets of the R.O.C. have done well over the last few decades, but the market has been cooler than that for stamps of the People's Republic. I believe that as capitalism and incremental democratization take hold in the P.R.C., relations between the "two Chinas" will gradually improve, as will demand for stamps of the R.O.C.. The process of thawing may have already begun: as of 2008, more than $ 150 billion has been invested in the P.R.C. by Taiwanese companies, and about 10% of the Taiwanese labor force works in the P.R.C., often to run their own businesses.
In the meantime, most of the demand for stamps of Taiwan will originate from collectors in Taiwan itself and among overseas Chinese (of which there are approximately 35 million). Taiwan, a nation of 23 million people, is one of the four "Asian Tigers," and has experienced explosive economic growth and industrialization over the last 5 decades. Annual GDP growth has averaged about 4% over the last 5 years, but this reflects the zero growth of 2009, a result of the global financial mess.
I believe Scott '13 now lists this at something close to $4,000. Any idea why it has suddenly exploded so in 'value'? I doubt such an increase is sustainable...
ReplyDeleteAnd I believe I read in Scott also that buyers of this item should "beware stapled booklets"; this puzzles me, because my example is stapled along the spine and I'm sure they ALL were, from the start - otherwise they'd fall apart.