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Thursday, October 2, 2014

Stamp Investment Tip: Costa Rica 1947 Columbus in Cariari (Scott #C148-53)

In 1947, Costa Rica issued a set of six stamps picturing Christopher Columbus in Cariari (Scott #C148-53). 62,000 sets were issued, and Scott '14 prices the unused set at $4.55.

The set is grossly undervalued, especially since there are many collectors of Latin America who focus on the region as a whole.

With 4 1/2 million people, Costa Rica is unique as the only Latin American country to have escaped the plague of repressive dictatorships and oligarchies endemic to the region. Costa Rica has generally enjoyed greater peace and more consistent political stability than many of its fellow Latin American nations. The government offers generous tax exemptions to those investing in the country,and in recent times electronics, pharmaceuticals, financial outsourcing, software development, and eco-tourism have become the prime industries in Costa Rica's economy. High levels of education among its residents make the country an attractive investing location. Annual GDP growth has averaged 5.6% over the last 5 years.

"The Stamp Specialist" blog features my buy prices for stamps which I am interested in purchasing. including Costa Rica. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.

1 comment:

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