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Showing posts with label Libya. Show all posts
Showing posts with label Libya. Show all posts

Sunday, April 20, 2014

Stamp Investment Tip: Libya 1962 Tripoli International Fair Souvenir Sheet (Scott #217a)


   In 1962, Libya issued a souvenir sheet in celebration of the Tripoli International Fair (Scott #217a).  20,000 sheets were issued, and Scott '14 prices the unused sheet at $65.00.

   The sheet represents an inexpensive bet on the future stability and economic growth of Libya.

   A nation of about 6.4 million people, Libya depends mostly upon oil exports, and has reserves in excess of 44 billion barrels of oil and 54 trillion cubic feet of natural gas. Since the recent revolution which disposed of
dictator Muammar Gaddafi, Libyans voted in  parliamentary elections and drafted a new constitution, but the country has experienced a difficult period of transition, marked by lawlessness, security issues, and regional factionalism. Annual GDP growth has averaged 4% over the last 5 years, and with a little luck, more of that prosperity will be spread among the Libyan people in the future.

  The Stamp Auction Bidders and Consignors Union (SABACU) is a forum for discussing stamp auctions, and represents the interests of stamp auction bidders and consignors in their dealings with stamp auctioneers. All stamp collectors and dealers are welcome to join.  





Wednesday, June 1, 2011

Stamp Investment Tip: Tripolitania 1934 Air Semi-postals (Scott #CB1-10)

In 1934, the Italians issued an airmail semi-postal set celebrating the 65th birthday of King Victor Emmanuel and commemorating the first non-stop flight from Rome to Mogadishu (Scott #CB1-10). 10,000 sets were issued, and Scott '11 prices the unused set at $129.00 ($320.- for NH) .


The set has potential dual market appeal to collectors of Italian Colonies/Possessions and collectors of Libya, and should do well based on growth in Italy and Area collecting alone.


Libya has been in the news quite a bit lately, and it is unclear how and when the current crisis will be resolved. A nation of about 6.4 million people, it depends mostly upon oil exports, and has reserves in excess of 44 billion barrels of oil and 54 trillion cubic feet of natural gas. However, the country's not so lovably eccentric authoritarian dictator has siphoned off much of the wealth and distributed it to family members and allies, while keeping his subjects in line by giving free expression to a minimalist conception of human rights. Annual GDP growth has averaged 5% over the last 5 years, and with a little luck, more of that prosperity will be spread among the Libyan people in the future.


Tuesday, March 15, 2011

Stamp Investment Tip: Tripolitania 1933 Graf Zeppelin Issue (Scott #C21-26)


In 1933, the Italians issued a set of airmail stamps for their colony of Tripolitania, which later became part of Libya. The set (Scott #C21-26)was intended for use on flight of the Graf Zeppelin. 20,000 sets were issued, and Scott '11 prices the unused set at $48.- ($120.- for NH).

Zeppelin stamps and covers are extremely popular among collectors in Europe and the U.S., and I expect that demand will continue to be strong. The set also has potential dual market appeal to collectors of Italian Colonies/Possessions and collectors of Libya.

Libya has been in the news quite a bit lately, and it is unclear how and when the current crisis will be resolved. A nation of about 6.4 million people, it depends mostly upon oil exports, and has reserves in excess of 44 billion barrels of oil and 54 trillion cubic feet of natural gas. However, the country's not so lovably eccentric authoritarian dictator has siphoned off much of the wealth and distributed it to family members and allies, while keeping his subjects in line by giving free expression to a minimalist conception of human rights. Annual GDP growth has averaged 5% over the last 5 years, and with a little luck, more of that prosperity will be spread among the Libyan people in the future.