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Saturday, November 26, 2011

Stamp Investment Tip: Venezuela 1951 Third Bolivarian Games Souvenir Sheet (Scott #C337a)

In 1951, Venezuela issued a souvenir sheet celebrating the Third Bolivarian Games (Scott #C337a). The Bolivarian Games are a regional multi-sport event held in honor of Simón Bolívar, and open to athletes from Bolivia, Colombia, Ecuador, Panama, Peru and Venezuela. 20,000 of the souvenir sheet were issued, and Scott '12 prices it unused at $20.00.

Aside from its appeal to collectors of Venezuela and Latin America in general, the souvenir should also do well as a Sports topical. The sheet is large and was issued on thin paper, so when purchasing it, ascertain that is free of bends and creases.

With a population of about 26 million, Venezuela is resource-rich, and consistently ranks among the top ten oil producers in the world. Annual GDP growth has averaged almost 10% over the last 5 years, although it has been decelerating recently due to lower oil prices. Under Chavez-style quasi-socialism, the percentage of Venezuelans living below the poverty line has decreased from 48% in 2002 to 30% in 2006. The country has begun diversifying its economy away from its current near-total dependence on petroleum exports, and has spawned a rapidly growing manufacturing sector.

I have begun a new blog, "The Stamp Specialist", featuring my buy lists for stamps which I wish to purchase, including many items from Venezuela .Periodically viewing dealers' buy lists
is an excellent way to remained informed about the state of the stamp market.

Those interested in joining a community of stamp investors are welcome to join the "Stampselectors" group on Facebook. The group provides a valuable forum for those who wish discuss this blog, as well as trade or communicate with stamp collectors, dealers, and investors from all over the world.

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