In 1931, New Guinea issued a set of Officials by overprinting eleven stamps from its Bird of Paradise series "OS" for Official Service (Scott #O12-22). Only 4,500 sets were issued, and Scott '14 prices the unused set at $266.50 .
I believe the set to be grossly undervalued because it's been neglected as an obscure back-of-book issue, as is often the case with Officials.
While I sometimes recommend obtaining expertization when purchasing overprinted issues, it's not necessary in this case because the Officials set is not sufficiently more costly than the basic stamps to justify faking the overprint.
Most of the collectors of Papua New Guinea are British Commonwealth
collectors or Australians, because the country was administered by
Australia until 1975, and maintains close ties with that nation. I
recommend purchase of the better stamps of Papua, New Guinea, and Papua
New Guinea based on the probable growth in interest among Australian
collectors, and collectors of British Commonwealth.
Papua New Guinea is richly endowed with natural resources, but
exploitation has been hampered by the rugged terrain and the high cost
of developing infrastructure. Agriculture provides a subsistence
livelihood for most of the population of about 7 million. Annual GDP
growth has averaged an impressive 7% over the last 5 years. Still, the majority of the population is extremely
poor, and I do not foresee the development of a significant collecting
population within the country for some time.
Those interested in viewing a list of scarce stamps with printing quantities of 100,000 or fewer may wish to check out the StampSelector Scarce Stamp Quantities Issued List,
which currently contains over 9,700 entries. Researching quantities
issued data is vital to determining in which stamps to invest.
Thursday, April 3, 2014
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