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Sunday, September 30, 2012

Stamp Investment Tip: Romania 1958 Postage Stamp Centenary (Scott #C57)


In 1958, Romania issued a souvenir sheet commemorating the centenary of its first postage stamps (Scott #C57). 30,000 were issued, and Scott '12 prices the unused souvenir sheet at $ 35.00 .

The added appeal to Stamp-on-Stamp topicalists should help to bolster the value of this souvenir sheet.


A nation of 22 million people with a GDP per capita of $ 12,285.- (about 46% of the EU average), Romania is considered an upper-middle income country. Romania's main exports are clothing and textiles, industrial machinery, electrical and electronic equipment, metallurgic products, raw materials, cars, military equipment, software, pharmaceuticals, fine chemicals, and agricultural products. Though the economy has been hit recently by the global financial crisis, GDP growth has averaged about 3.8% over the last ten years.

Those interested in learning more about investing in stamps are encouraged to read the Philatelic Investment Guide ($5), available on Kindle, and accessible from any computer.


Thursday, September 27, 2012

Stamp Investment Tip: Indonesia 1988 Butterfly Souvenir Sheet (Scott #1373)


In 1988, Indonesia issued a set and souvenir sheet picturing butterflies (Scott #1371-72, 1373). Only 22,000 of the souvenir sheet were issued, and Scott '12 prices it at $12.00 for unused. Butterflies are among the most popular Animal topicals, so demand for this issue should continue to increase, regardless of what happens to the stamp market in Indonesia.

A recent Price, Waterhouse, Coopers report projects that Indonesia will be one of the world's fastest growing economies over the next forty years. Should this prove accurate, and should a burgeoning Indonesian middle class provide a base for a developing stamp market, then it is likely that the values of the country's better modern souvenir sheets will increase many-fold.

Indonesia is a rapidly developing, though still poor, country of 230 million people, with an annual GDP growth rate hovering around 5%-6%. It is the largest economy in Southeast Asia. While the manufacturing and service sectors are growing rapidly, agriculture still employs more of the working population than either. The country has extensive natural resources, including crude oil, natural gas, tin, copper, and gold. Its major export commodities include oil and gas, electrical appliances, plywood, rubber, and textiles. Like most emerging market nations, Indonesia faces challenges which will have to be addressed, including corruption and major inequities in the distribution of income.






Sunday, September 23, 2012

Stamp Investment Tip: Uruguay 1935 Visit of Pres. Vargas to Brazil (Scott #463-68)

In 1935, Uruguay issued a set of six stamps commemorating the Visit of Uruguayan President Vargas to Brazil (Scott #463-68). The stamps show allegories of "Uruguay" and "Brazil" holding the Scales of Justice. Only 10,000 sets were issued, and Scott '12 prices the unused set at $6.80 .

Most of the sets were probably used as postage and discarded, as Uruguay's economy was in crippled by the worldwide Depression of the '30s, and the only Uruguayans who could afford to collect its stamps were to be found among members of the oligarchy.

With a population of about 3 1/2 million people, most of whom are of European or mixed descent, Uruguay has a stamp collecting population which will probably approach European levels in the years to come. Uruguay is one of the most economically developed, politically stable and least corrupt countries in Latin America, and is moving away from its dependence on agricultural exports and toward development of commercial technologies, especially software. Annual GDP growth has averaged a little over 3% over the last 5 years.

I have begun a new blog, "The Stamp Specialist", which will feature wholesale buy prices for stamps which I am interested in purchasing. It includes a buy list for Uruguay, and includes the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.


Thursday, September 20, 2012

Stamp Investment Tip: North West Pacific Islands


From 1915 through '23, Australia issued 49 stamps for a group of islands in the Pacific called the North West Pacific Islands by overprinting Australian stamps.
These range in value from inexpensive (under $10) to $ for the key stamp, the 1916 2 1/2p Dark Blue with wide crown and narrow "A" watermark (Scott #14).

While quantities issued information is unavailable for most N.W.P.I. stamps, I estimate that those which catalog over $100 had printings in the low thousands or fewer. Since these are all overprints, I advise purchasing them conditional on obtaining expertization if there's any question as to whether the stamps under consideration are authentic. I recommend purchase of the better N.W.P.I. stamps (those which catalog $200 or more).

While the stamps appeal to British Commonwealth collectors generally, the main catalyst for their growth will come from the Australian market. In Australia, the Pacific island nations or territories which the Australians administered or for which they issued stamps are viewed, from a philatelic perspective, in the same way that European collectors view their former colonies.

Australia is a prosperous nation of 22 million people and a diverse economy, with thriving service, agricultural, and mining sectors. Annual GDP growth has average 3.6% over the past 15 years. Recently, there has been considerable growth in mining and petroleum extraction, in part due to increased exports to the resource-hungry Chinese market. It is likely that Australia's stamp collecting population will grow significantly as the nation ages. The percentage of Australians over 60 is projected to rise from 16% in 2000 to 24.8% in 2025, and 28.2% in 2050.

Sunday, September 16, 2012

Stamp Investment Tip: French Equatorial Africa 1940-41 Overprint (Scott #80-125)


The important role played by African members of the French Resistance has long been neglected, but it is important to note that some of the first to support the movement were overseas territories in North Africa.

From 1940-41 , French Equatorial Africa overprinted some of its earlier issues "Libre" to produce a forty-six stamp set in support of the French Resistance (Scott #80-125). Only 4,000 sets were issued, and Scott '13 prices the unused set at $494.15 .

The set strongly appeals to French Colonies collectors, as well as World War II topicalists. Furthermore, since the former colony of French Equatorial Africa was granted independence and divided to form the current nations of Chad, Congo, Gabon, and Central African Republic, the set makes an interesting emerging market play as well.

Those interested in learning more about investing in stamps are encouraged to read the Philatelic Investment Guide ($5), available on Kindle, and accessible from any computer.


Thursday, September 13, 2012

Stamp Investment Tip: Costa Rica 1946 Hospital (Scott #C128-40)

In 1946, Costa Rica issued a set of thirteen airmail stamps honoring the Hospital of St. John of God (Scott #C128-40). 15,000 sets were issued, and Scott '13 prices the unused set at $23.15.

Aside from being yet another grossly undervalued Latin American issue, the set doubles as a Medical Topical.

A small nation of 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 ecotourism 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.


I have begun a new blog, "The Stamp Specialist", which will feature my buy prices for stamps which I am interested in purchasing. I've just posted a buy list for Costa Rica, including the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.




Sunday, September 9, 2012

Stamp Investment Tip: Ireland 1922 2sh6p to 10sh Overprints (Scott #12-14, 36-38)

In 1922, the Republic of Ireland issued its first postage stamps by applying a black Gaelic overprint (meaning "Provisional Government of Ireland...1922") to 1912-19 stamps of Great Britain. These are known as the Dollard Overprints, because the stamps were overprinted by Dollard, Ltd.. Of this first issue, the scarcest stamps are the 2shilling 6 penny, 5 shilling, and 10 shilling high values, which Scott lists as a set (Scott #12-14). 20,000 were issued, and Scott '12 prices it unused set at $407.50 ($ 800.- for NH) .

A second set of the high values (Scott #36-38) was also issued in 1922, overprinted in bluish black by Alexander Thom and Company. This second set (CV = $ 2,550.- for unused, $ 4,125.- for NH) is far scarcer than the first and was on sale for only a few days, but quantities issued are not known. While I do not feel that it is necessary to obtain expertization when purchasing the first set (#12-14) because the basic British stamps are also expensive, I advise doing so when purchasing the 10 shilling high value (#38) of the second one.

Both sets represent excellent investments, as stamps of Ireland have a dual market among collectors of both Ireland and British Commonwealth in general. While there are about 6 million people in the Republic of Ireland, there are about 80 million of Irish descent overseas, including over 36 million Irish Americans.

From the 1990s until 2007, the Irish government instituted economic policies which boosted its information technology sector and the country experienced rapid economic growth and became known as the "Celtic Tiger." Currently, Ireland is experiencing a severe recession due to banking scandals and the reverberations of the global financial crisis. As a result, Ireland has averaged zero GDP growth over the last 5 years, the worst of which was 2009, during which its economy experienced a 7% contraction. While it may take years to recover, there are some indications that the worst is over. The European Commission has forecast that the Irish economy will grow by 3% in 2011, which is one of the fastest growth rates predicted for any EU member state.

Those interested in learning more about investing in stamps are encouraged to read the Philatelic Investment Guide ($5), available on Kindle, and accessible from any computer.


Thursday, September 6, 2012

Stamp Investment Tip: Turkey 1943 President Inonu Souvenir Sheet (Scott #915a)


In 1943, Turkey issued a souvenir sheet honoring Mustafa Izmet Inonu, its second president (Scott #915a). 25,000 were issued, and Scott '12 prices the unused sheet at $70.00. Inonu is remembered as statesman who maintained Turkey's neutrality in World War II, thereby facilitating its recovery from the carnage of World War I, and who presided over Turkey's development as a modern nation.

With a population of about 72 1/2 million, Turkey is perhaps the most culturally European of the Islamic nations, and a likely model for their modernization, economic development, and democratization. The country experienced rapid economic growth between 2002 and 2007, with GDP averaging 7.4%, but this slowed in 2008 to 5% and stalled in 2009 to 1%, due to the global financial crisis, from which the country is recovering. While traditional agriculture is still a pillar of the Turkish economy, it is becoming more dependent on industry. Key sectors include tourism, banking, construction, home appliances, electronics, textiles, oil refining, petrochemical products, food, mining, iron and steel, the machine industry, automotive, and shipbuilding. It is likely that in the future, Turkey will benefit from serving as an economic and cultural nexus connecting Europe, the Near East, and the Turkic (formerly Soviet) nations of Central Asia.


Readers who are on Facebook are welcome to join the "StampSelectors" group, which focuses upon philatelic investing, the stamp market, and practical matters regarding buying and selling stamps. It also offers the opportunity to comment upon this blog and suggest future stamp investment tips.



Sunday, September 2, 2012

Stamp Investment Tip: Peru 1907 Issue (Scott #168-76)


In 1907, Peru issued a set of nine stamps picturing monuments and buildings (Scott #168-76). Only 2,000 sets were issued, and Scott '12 prices the unused set at $493.10. In all probability, the vast majority of sets were used as postage and discarded, and it would not surprise me if there were fewer than 500 remaining.

Peru has issued a number of undervalued sets, which I intend to cover in the future. Demand for the country's stamps is boosted by the tendency of many collectors to focus on Latin America as a region.


With a population of 29 million, Peru is an emerging market nation which has experienced significant economic growth over the last 15 years, and annual GDP growth averaging 7.2% over the last 5. Major exports include copper, gold, zinc, textiles, and fish meal. In 2010 Peru's per capita income is about $10,000. Poverty has steadily decreased since 2004, when nearly half the country's population was under the poverty line, although great inequities in income distribution persist. As the trend continues and more Peruvians join the middle class, the country's better stamps should do very well.

I have begun a new blog, "The Stamp Specialist", which will feature wholesale buy prices for stamps which I am interested in purchasing. I've posted a buy list for the Peru, and it includes the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.


Thursday, August 30, 2012

Stamp Investment Tip: Cook Islands 1932-46 Scenes sets

Between 1932 and '46, New Zealand issued three similar Scenes sets for its dependency, the Cook Islands. I've listed these sets, along with printing quantity information and Scott '13 values for unused, below:

-1932 Scenes, Perf. 13, unwatermarked (Scott #84-90; 30,000 issued: Scott '13 CV = $63.25 )

- 1933-36 Scenes, Perf. 14, Wmk. 61 (Scott #91-97; 37,760 issued; Scott '13 CV = $ 37.45)

- 1944-46 Scenes, Perf. 14, diff. denominations and colors (Scott #116-24; 79,120 issued; Scott '13 CV= $ 61.00; $100.00 NH)

All of these attractive sets should do well based on their appeal to British Commonwealth collectors and demand from New Zealand.

While the population of the Cook Islands (about 20,000) is probably too low to sustain much of a stamp collecting population, there is significant demand for its stamps among collectors of British Commonwealth in general and in New Zealand in particular, because the islands were a dependency of New Zealand for many years, and still have strong links to that nation.


New Zealand is a modern, prosperous nation of about 4.3 million people, with a GDP of $115 billion. Over the last 10 years, annual GDP growth has averaged about 3%. The economy was hurt by the recent global financial crisis, and is beginning to recover. In 2005, the World Bank praised New Zealand as being the most business-friendly nation in the world. The nation has a stamp collecting demographic similar to Great Britain's, and the demand for better material should increase dramatically as population aging accelerates. The percentage of New Zealanders aged 60 and over will rise from 18% in 2009 to 29% in 2050.


Sunday, August 26, 2012

Phila-Trivia: 1947 Article on Topical Collecting


  
   This article was published in the “Pacific Stamp Review”, a New Zealand monthly stamp magazine, in February, 1947. The article is by a generalist collector, who was concerned about the future of the state of philately in the post War period.

   It is interesting because of the author's anti-topicalist stance. The author believes that topical, or thematic collecting,  represents a devolution which threatens the more scholarly approach to the hobby.

* * *
Philately in the Doldrums? (1947)


by M.T. Johnson

Lennie Lower, present-day doyen of Australian humourists, once said that a couple of handfuls of salt make all the difference to a stew. “Just what has this to do with philately?” I can hear someone say. If you will only bear with me a little while longer I will endeavour to show you.

The hobby of stamp collecting (or, if you prefer it, philately) is fast approaching a phase, which is so detrimental to its well-being, that it is about time someone threw into it a few handfuls of philatelic salt By this I mean that something should be done, and that immediately, to stem the craze of what has been termed “type collecting.” Too many philatelic societies are, in these days, featuring his type of display instead of the good old “meaty” displays of specific countries, or groups of countries. Philately is at the crossroads, and unless the matter is taken in hand, philatelists will be as distinct as the dodo in twenty-five or thirty years.



One sees nowadays collections of ships, birds, beasts, fishes etc. True, the majority of persons who form these type collections are also real philatelists, who have specialised in a certain country or in a particular issue. They have only taken up this form of collecting as a sideline, and I see nothing wrong with that. But what of the young collector who remarked after seeing a well-known collection of ships on stamps, “Gee! I think I’ll quit my Australian collection and collect ships on stamps!”

That is, sad to relate, the opinion of not a few of today’s young collectors: collectors who should be the philatelists of tomorrow. What will happen to philately when the older stalwarts pass on? Will the younger generation be qualified to carry on in a creditable manner? Not if they begin by forming a “type” collection. Someone will argue, “But surely one can collect just what one fancies?” Certainly. That’s where the “snag” comes in. But if the present trend continues I still ask, “Where will the future philatelists come from?

There must be a reason for this slap-happy method of collecting, so let us try and find this reason. When people first started to collect stamps they had in mind the acquiring of as many different specimens as possible. As the issues became more and more numerous it was found impossible to try and cope with them all, so they resorted to various well-known methods of restricting their collecting interests. It was round about this period that philately was born, because with their narrowed fields collectors began to study their stamps more fully specialised listings have been greatly enlarged upon, until today some of them are so formidable that they deter all but the stout-hearted. This, then, may be one reason. Is the aforementioned “stage of evolution” being seen in reverse? It seems so.

Another reason may be this: the modern trend of pictorial stamp designing, with its almost technicolour methods of printing. I consider this to be the most significant factor of all. The modern bi- and multi-coloured stamps lend themselves admirably to the treatment of subjects most suitable for inclusion in one of the collections under discussion, and not unnaturally appeal to the beginner. But why not specialise in any chosen “favourite country” and reserve these “subjects” collections purely as a sideline? It can be done and it out to be done. One of the finest collections of the specialised type is owned by a prominent Auckland philatelist. I refer to Mr. Reg Walker and his collection of New Zealand Pigeon Post issues. This collection is the finest of these issues in existence. But Mr. Walker also formed a sideline collection, which he calls an “Educational Collection,” and anyone who has had the pleasure of seeing this amazing collection of facts will agree that almost everything in philately is included. The point I wish to make is this: here we have an eminent philatelist forming a sideline collection, but only after he had formed a specialised collection, which is second to none of its kind.

Here’s another point. As much as we would like to ignore the monetary side of the hobby, it would be foolish to pretend that collections are not formed without some idea of resale value. Surely these collections of, say, animals, have not the resale value of George V British Colonials. Most of the stamps, which go to make up these collections, are of the commoner varieties, and the remainder generally unwanted except in complete sets.

Then there is the question of annotating these collections adequately and correctly. In the case of animals, birds, etc., it is impossible to do justice to the stamps and at the same time to suitably annotate them with the available information pertaining to each subject. Take the kiwi for instance. The bird would look lonesome on the page all by itself, plus the voluminous notes, which would be required to “write it up” fully.

If the present vicious trend continues it is difficult to imagine just what a stamp catalogue will look like in about forty years time. Imagine having on your bookshelf “Pim’s Catalogue, Section I Mammalia” or Section II Ichthyology” or even Section III Ships: From the Ark to the Lakatoi.” What sort of establishment would Pim & Company (N.Z.) Ltd., have then? Fancy going up to a young lady and requesting a stamp from Tannou Touva depicting a yak. She would most probably say. “A yak? That’s an animal. Go through and see our Mr. Hare; that’s his department.”

But to be serious again. A great deal of research (or searching) is obviously required when forming these subject collections; research, which is not philatelic and which cannot be readily conveyed to anyone. Philately has often been described as a minor science, and at least at one famous American university has gone so far as to institute a Chair of Philately, but when these so-called collections are formed the person concerned is missing all the finer points of philately. The leading philatelic societies are partly to blame for this sad state of affairs, as they have been featuring these displays.

I can almost hear voices saying, “But they are the most popular displays at our societies’ meetings.” (Actually I’ve heard that started many times.) All right, supposing they are popular, doesn’t that strengthen my argument that this type of collecting has taken a firm hold on collectors? Even confirmed specialists sit through these displays at society meetings and are content to tolerate them, but inwardly prefer to keep their own way of collecting and, in consequence, are hiding the light under a bushel.

Philately is certainly nearing the doldrums, and it is up to the advanced collector to see that the tyre is steered on to the correct course. Now I’ve started something, and it is up to the older collectors to add the philatelic salt I spoke of earlier. Let us “stop the rot” before philately stews. After all, it is such a grand hobby; so let us clean it all up. A strenuous effort by all is necessary; in fact, it is vital to Philately, as we know it, is to survive.

************************

Thursday, August 23, 2012

Stamp Investment Tip: Gambia 1902-05 Edward VII (Scott #28-39)


From 1902-05, the British issued a set of twelve stamps portraying King Edward VII for their colony of Gambia (Scott #28-39). 6,000 sets were issued, and Scott '12  prices the unused set at $227.00 .

I view this set as a conservative investment, based upon the the growth of interest in stamps of the British Commonwealth. Also, it's inexpensive and scarce enough that it's value would receive an additional boost should a significant stamp market develop in Gambia.

A nation of 1.7 million people, Gambia has a liberal, market-based economy characterized by traditional subsistence agriculture, a re-export trade built up around its ocean port, low import duties, minimal administrative procedures, a fluctuating exchange rate with no exchange controls, and a significant tourism industry. Annual GDP growth has averaged about 6% over the last 5 years.

Readers who are on Facebook are welcome to join the "StampSelectors" group, which focuses upon philatelic investing, the stamp market, and practical matters regarding buying and selling stamps. It also offers the opportunity to comment upon this blog and suggest future stamp investment tips.



Sunday, August 19, 2012

Stamp Investment Tip: Antigua 1908-20 Colony Seal Issue (Scott #31-38)


From 1908 to '20, Antigua issued a handsome set of eight stamps picturing the seal of the colony (Scott #31-38). 6,240 sets were issued, and Scott '13 prices the unused set at $187.00 .

As the set was issued over twelve years, it is likely that many were used as postage and discarded. The set has dual multiple market appeal among collectors of British Commonwealth and British Caribbean. Of all of the regions of the British Commonwealth, the British Caribbean is the least popular among collectors, which is probably why the set is so inexpensive, given its scarcity.

A small island nation with about 85,000 inhabitants, Antigua is mainly reliant on tourism, and it markets itself as a luxury Caribbean escape. Annual GDP growth has been flat over the past 5 years, due to the effect of the global financial crisis.



Thursday, August 16, 2012

Stamp Investment Tip: Gibraltar 1903-12 Edward VII (Scott #39-48, 49-64)

From 1903 to 1912, Gibraltar issued sets portraying Edward VII, including two with 1 pound high values: the 1903 set with Watermark 2 (Crown and CA), and a 1904-12 set with Watermark 3 (Multiple Crown and CA) on chalky paper (Scott #39-48 and 49-64, respectively). The high values of the sets have low printing quantities, as noted below:

-1903 8sh Violet and Black on blue (Scott #47; Scott '12 =$160.00 ; 7,620)
-1904-12 8sh Violet and Black on blue (Scott #63; Scott '12=$225.00; 4,680
-1903, 1904-12 1 pound Violet and Black on red (Scott #48 and 64; Scott '12 for each =$ 600.00; combined printing of 7,560)

I view either the complete sets or the individual high values as conservative investments.

Gibraltar remains a British overseas territory, with about 30,000 inhabitants. Gibraltar's economy is dominated by four main sectors – financial services, internet gaming, shipping and tourism, and while it is robust, the territory's population is probably too small to host a significant stamp collecting community. However, Gibraltar's stamps are popular among British Commonwealth collectors, and the better items should do well based upon the growth of that market.

Readers who are on Facebook are welcome to join the "StampSelectors" group, which focuses upon philatelic investing, the stamp market, and practical matters regarding buying and selling stamps. It also offers the opportunity to comment upon this blog and suggest future stamp investment tips.

Sunday, August 12, 2012

Stamp Investment Tip: Macao 1885 Surcharges (Scott #17-21)


In 1885, the Portuguese issued a surcharged set of five stamps for Macao (Scott # 17-21). Scott '12 prices the unused set, issued without gum, at $916.00, and all of the stamps within it are undervalued, and may be purchased individually, unused or used, if complete sets are difficult to locate. I've listed the individual stamps, along with their quantities issued and Scott '12 values, below:


- 1885 5r on 25r Rose, black surcharge (Scott #17; 19,000 issued, Scott CV =$21.00 )
-1885 10r on 25r Rose, blue surcharge (Scott #18; 7,000 issued; Scott CV = $47.50)
-1885 10r on 50r Green, blue surcharge (Scott #19; 2,049 issued; Scott CV = $625.00 )
-1885 20r on 50r Green, black surcharge (Scott #20; 16,959 issued; Scott CV = $47.50 )
-1885 40r on 50r Green, red surcharge (Scott #21; 5,000 issued; Scott CV = $175.00)

Surcharge and perf varieties exist for this set, and although quantities issued information doesn't exist for the varieties, it's reasonable to assume that those which catalog more than the basic stamps are considerably scarcer.

Given that this is an overprinted issue, it probably makes sense to purchase #19, 21, and some of the better varieties conditional on obtaining expertization.

I believe that these stamps have been ignored because they are obscure early surcharges. They were issued during a period in which Macao was not widely collected, and most of the stamps issued were probably used and discarded.

In my opinion, all of the better stamps of the European and other foreign Colonies/Possessions in China should be considered for investment, as they have dual markets both in their former home countries and in China.

In 1999, Macao became a special administrative district of the People's Republic of China. With a population of about 500,000, Macao's economy is dependent upon tourism, much of it geared toward gambling, although important secondary sectors include apparel manufacturing and financial services. Annual GDP growth has been high, averaging over 9% over the last 7 years. The fact that much of Macao's economic growth has been driven by a regional monopoly on gaming is a little worrisome, because obviously there is no guarantee that the People's Republic won't relax restrictions on gambling in the rest of China, allowing more competition. Nevertheless, I feel that certain scarce issues of this former colony are grossly undervalued, given the number of collectors who will be bidding for them.

Those interested in learning more about investing in stamps are encouraged to read the Philatelic Investment Guide ($5), available on Kindle, and accessible from any computer.


Wednesday, August 8, 2012

Stamp Investment Tip: Azerbaijan 2003 Sheki National Park Souvenir Sheet (Scott #766)


In 2003, Azerbaijan issued a souvenir sheet featuring animals from Sheki National Park (Scott #766 ). 25,000 were issued, and Scott '13 prices the unused sheet at $13.00 .

The sheet makes an interesting and low-risk speculation based on its appeal as an Animal topical, and as a bet on the economic growth of Azerbaijan and the development of a stamp market there. This recommendation is consistent with my belief that one of the best ways to play the new and newly resurrected countries of Europe and Asia is to focus on popular topicals with low printings.

Azerbaijan is an oil-rich nation of about 9 million people, which also has significant reserves of natural gas and various minerals. Agriculture and tourism are also important to the Azerbaijani economy. The country shares all the problems of the former Soviet republics in making the transition from a command to a market economy, but its energy resources brighten its long-term prospects. It has begun making progress on economic reform, and old economic ties and structures are slowly being replaced. Annual GDP growth has averaged a stellar 16% over the last 5 years, largely based on the frenetic development of the country's oil wealth - an estimated 7 billion barrels of reserves.

Those interested in viewing a list of scarce stamps with printing quantities of 100,000 or fewer should take a look at the StampSelector Scarce Stamp Quantities Issued List, which currently contains over 9,700 entries.


Sunday, August 5, 2012

Stamp Investment Tip: Uruguay 1936-44 Artigas (474-83C)

From 1936-44, Uruguay issued a set of 14 definitives portraying Jose Gervasio Artigas, the "Father of the Uruguayan Nation" (Scott #474-83C). Only 3,000 sets were issued, and Scott '12 prices the unused set at $49.90 .

This set resembles two earlier sets of similar design (Scott #350-74 and 375-85), but may be distinguished by the differences in color, and because in the earlier sets, there were 7 dots in the panels below the portrait, whereas in the 1936-44 set, there are only 6.

As the set was issued over a period of about eight years and few Uruguayans of that period could afford to collect pricey stamps, it is likely that most of the sets were used as postage and discarded. I would not be surprised if fewer than 1,500 remain, in any condition.

With a population of about 3 1/2 million people, most of whom are of European or mixed descent, Uruguay has a stamp collecting population which will probably approach European levels in the years to come. Uruguay is one of the most economically developed, politically stable and least corrupt countries in Latin America, and is moving away from its dependence on agricultural exports and toward development of commercial technologies, especially software. Annual GDP growth has averaged a little over 3% over the last 5 years.

I have begun a new blog, "The Stamp Specialist", which will feature wholesale buy prices for stamps which I am interested in purchasing. It includes a buy list for Uruguay, and includes the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.


Thursday, August 2, 2012

Stamp Investment Tip: Niue Overprints on New Zealand Postal-Fiscals


Niue is an island in the South Pacific with a population of about 1,400 people. Originally an independent kingdom, it was briefly a British Protectorate from 1900 to 1901, when it was annexed by New Zealand. Stamps of Niue were issued by New Zealand from 1902 to 1974, when Niueans opted for self-government.

During its administration, New Zealand issued four sets of high values for Niue by overprinting its postal-fiscal stamps, and all four sets are scarce and undervalued. The first set (Scott #30-34) is the scarcest. It was issued between 1918 and '23, utilizing the postal-fiscals of 1906-15. The second was a 1931-32 set (Scott #49-52) which was comprised of overprinted postal-fiscals of the 1931-32 issue. Two 1941-45 sets (Scott # 86-89 and #89A-89D) were issued and these were also overprints of 1931-32 stamps. The three similar-looking sets may be distinguished by differences in watermark and overprint types. Scott '12 prices the unused sets at $341.00,$ 150.00 , $525.00 ($725.- for NH), and $75.25 ($110.- for NH) , respectively, and the quantities issued were 1,200, 4,000, 3,760, and 7,600.

While the population of Niue is too low to sustain much of a stamp collecting population, there is significant demand for its stamps among collectors of British Commonwealth in general and New Zealand in particular, because the island still has strong links to that nation. These four sets may have additional appeal to Kiwi collectors because they're basically just overprinted New Zealand stamps.


New Zealand is a modern, prosperous nation of about 4.3 million people, with a GDP of $115 billion. Over the last 10 years, annual GDP growth has averaged about 3%. The economy was hurt by the recent global financial crisis, and is beginning to recover. In 2005, the World Bank praised New Zealand as being the most business-friendly nation in the world. The nation has a stamp collecting demographic similar to Great Britain's, and the demand for better material should increase dramatically as population aging accelerates. The percentage of New Zealanders aged 60 and over will rise from 18% in 2009 to 29% in 2050.



Sunday, July 29, 2012

Phila-Trivia: The Early Rift Between Beginning and Advanced Collectors



The following article appeared in "The Eagle Philatelist" (Kansas City, Kansas) for July 1892. It is interesting because it describes a critical early controversy which occurred in the philatelic community: the rift between beginning collectors, who tended to be non-discriminating generalists, and more advanced collectors, whose hobby had evolved toward more specialized collecting. The distinction between the two types of collectors is still relevant today, although the "controversy" no longer exists. The vast majority of stamp collectors in the world fall into the first type ("generalist beginners") while those who have become more advanced tend to specialize.

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"The 'Common' versus the 'French' School of Philately"by Harry F. Kantner

Philatelists who have pursued our hobby for thirty years or more will possibly remember the famous controversy occasioned by the introduction of the French School of Philately. For the benefit of the younger element, I will give a brief account of the controversy and the principles advocated by the debaters on both sides.

The young collector will first be contented with the many types to be found, but as his collection becomes larger, he will find minute varieties, some stamps being exactly of the same type but may differ in the shade, the quality of the paper, the watermark, or may exist with or without perforations. Then again in some countries he may find that on a sheet of fifty or more apparently similar stamps there may be fifty or more varieties because of some minute difference in the types, due to inaccuracy in the engraving. If the collector has an abundance of the “useful,” he will usually purchase such minute varieties, often at a very high price. If he pursues this course he is said to belong to the French School of Philately, because the Parisian Stamp Collectors adopted this method as early as 1862. Their principle was “specialism and completeness, every variety and every specimen.” The collectors who disagreed with the French School were termed the Common School of Philately. Many were the arguments in the debates between the two schools, and at last things came to such a stand that the members of the French School were accused of being afflicted with soft spots on their craniums, and the collectors of the Common School adjudged by their opponents as being of the “small boy” class.
So the contest went on, all the stamp journals of the time taking an active part. At last no interest was taken in the debate, and they all with one assent agreed with Charles Mackay to
“Let the long contention cease.
Geese are swans and swans are geese.”

Many collectors may regard this controversy as being of no importance but I believe it was the cornerstone of philately. And why?
Well, had the Common School triumphed there would have been very few scientific collectors and certainly very poor, if any, philatelic literature of a scientific nature, and collectors would rarely, if ever, have become acquainted with each other had there been no stamp journals.

The collectors of the French School, while they knew there were more varieties issued than they could secure, took to a sort of specializing, the result of which lead to scientific collecting, which has laid the foundation of philatel
y.

In the United States today there are many who do not take into consideration the qualities of the stamps. For instance, how many collectors concern themselves about the sizes of the grille in the embossed stamps of the U.S.? In revenue stamps, how many make a distinction between perforated and unperforated stamps or the quality of the paper? In U.S. envelope stamps, how many collect the various sized entire envelopes according to the Hornerian method? Very few indeed, but the few they are, are collectors according to the French School. They are
scientific collectors - philatelists. The many who do not collect thus are collectors of the Common School. They are non-scientific collectors - stamp collectors.

There is a wide chasm between the two schools which can only be crossed by study. Have you crossed it?
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Thursday, July 26, 2012

Stamp Investment Tip: Canal Zone 1939 Pan-Am Clipper (Scott #C15-20)

In 1939, the Canal Zone issued a set of six airmails picturing scenes of Pan American Clipper planes flying over the Panama Canal (Scott #C15-20). The set commemorated the 10th Anniversary of C.Z. airmail service, and the 25th Anniversary of the opening of the Panama Canal. 40,051 sets were issued, but these were in use for less than 2 years, as the sets were withdrawn in early 1941, and the remainders destroyed. Scott '13 prices the unused set at $ 86.00 .

Stamps of the Canal Zone are popular among U.S. Possessions collectors, and should continue to do well as interest both in this collecting area and in Latin America grows.

Readers who are on Facebook are welcome to join the "StampSelectors" group, which focuses upon philatelic investing, the stamp market, and practical matters regarding buying and selling stamps. It also offers the opportunity to comment upon this blog and suggest future stamp investment tips.



Sunday, July 22, 2012

Stamp Investment Tip: Jordan 1930 Locust Campaign Issue (Scott #B1-12)




  In 1930, Jordan, then a British Mandate Territory, overprinted some of the stamps from its 1927-29 Amir Abdullah ibn Hussein issue to produce a set of twelve semi-postal stamps to raise funds to help combat a plague of locusts (Scott #B1-12). Only 1,802 sets were issued, and Scott '12 prices the unused set at $235.90   .

 Though in many cases I recommend obtaining expertization of better overprinted stamps, it isn't necessary in this case, because the difference in value between the basic stamps and the overprinted ones is not significant. However, there are four overprint varieties within the set that should be purchased conditional on obtaining expertization - the 2m and 15m inverted overprints (Scott #B1a and B6a), the 5m double overprint (Scott #B4a), and the 500m 'C' of "Locust" omitted variety (Scott #B12a). While quantities issued of these variety is unavailable, it is likely that a few hundred of the first three and fewer than fifty of B12a were issued.

The better stamps of the Mandate period have dual market appeal to collectors of British Commonwealth and Jordan.

 Jordan is a small country of 6.3 million people with limited natural resources. Nevertheless, it is an emerging market nation, largely due to its liberal economic policies and relative political stability compared to many of its neighbors, and it has maintained an annual GDP growth of 5% -6% over the last 5 years. Currently, its main industries are fertilizers, tourism, and banking, but it also has a developing "knowledge economy," which is contributing to its nascent aerospace, defense, pharmaceutical, and ICT sectors.












Thursday, July 19, 2012

Stamp Investment Tip: Dominican Republic 1937 Goodwill Flight (Scott #C24-31)


In 1937, the Dominican Republic issued a set of eight airmail stamps honoring Columbus, and celebrating its goodwill flight to all of the countries of the Americas by the planes "Colon", "Nina", "Pinta", and "Santa Maria" (Scott #C24-31). 20,000 sets were issued, and Scott '13 prices the unused set at $28.55.

In all likelihood, most of these stamps were used as postage and discarded, which explains why one doesn't run across them very frequently. They're probably several times scarcer than the U.S. Graf Zeppelin set, and with far better prospects of climbing much higher than their current levels. While it may take some time for a significant stamp collecting population to develop among Dominicans, the upside to investing in Latin American stamps is that there is a tendency among collectors to focus on the region as a whole.


With a population of about 10 million people, the Dominican Republic is considerably better off than its neighbor Haiti, with which it shares the island of Hispaniola. Though long known for sugar production, its economy is now dominated by the service sector. The country has become the Caribbean's largest tourist destination. Over a million Dominicans now live in the U.S., and they send billions in remittances home to their families, amounting to a tenth of the GDP. Annual GDP growth has averaged around 6.5% over the last 6 years, although it has been uneven from year to year, and unevenly distributed. As in much of Latin America , reforms will be necessary to address governmental corruption and the gulf between rich and poor.


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


Sunday, July 15, 2012

Stamp Investment Tip: Albania 1924 Red Cross Semi-postals (Scott #B5-8)

In 1924, Albania surcharged stamps of its 1923 Scenes issue, issuing a semi-postal set to benefit the Red Cross (Scott #B5-8). 28,000 sets were issued, and Scott '13 prices the unused set at $44.00 .

The set appeals to collectors of Red Cross topicals as well as collectors of Albania.

A nation of 3.2 million people, Albania is poor by Western European standards, but has experienced healthy GDP growth, averaging  slightly under 5% over the last 5 years. Foreign investment has increased but has been dampened somewhat by the country's inadequate infrastructure. Modernization will be Albania's main challenge over the next decade.

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.

Thursday, July 12, 2012

Stamp Investment Tip: Republic of China 1955 Chiang Kai-Shek 69th Birthday Souvenir Sheet (Scott #1126a)

  In 1955, the Republic of China issued a souvenir sheet celebrating the 69th Birthday of its beloved dictator, Chiang Kai-shek (Scott #1126a). Only 20,000 were issued, and Scott '13 prices the unused souvenir sheet at $180.- .

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.






Sunday, July 8, 2012

Stamp Investment Tip: Turkey 1952 UN Economic Instruction Center (Scott #1051-54,1054a)

In 1951, Turkey issued a set and souvenir sheet honoring the United Nations Mediterranean Economic Instruction Center (Scott #1051-54, 1054a). 80,000 sets and 25,000 souvenir sheets were issued, and Scott '12 prices them unused at $8.35 and $95.00, respectively.

Though the souvenir sheet is probably scarcer, the set is also cheap, especially since a far greater proportion of the sets were probably used as postage and discarded.

I continue to like the U.N. as a topic, long-term. The market for U.N.-related topicals should grow over the very long haul as institutions of world government develop in order to take on serious (and possibly existential) problems which can only be coped with globally. Despite the present inadequacy, corruption, and ineffectiveness of the U.N., I view its reform and gradual strengthening as a gradual but irresistible trend.

With a population of about 72 1/2 million, Turkey is perhaps the most culturally European of the Islamic nations, and a likely model for their modernization, economic development, and democratization. The country experienced rapid economic growth between 2002 and 2007, with GDP averaging 7.4%, but this slowed in 2008 to 5% and stalled in 2009 to 1%, due to the global financial crisis, from which the country is recovering. Hence, annual GDP growth over the last 5 years has averaged about 3%. While traditional agriculture is still a pillar of the Turkish economy, it is becoming more dependent on industry. Key sectors include tourism, banking, construction, home appliances, electronics, textiles, oil refining, petrochemical products, food, mining, iron and steel, the machine industry, automotive, and shipbuilding. It is likely that in the future, Turkey will benefit from serving as an economic and cultural nexus connecting Europe, the Near East, and the Turkic (formerly Soviet) nations of Central Asia.