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Thursday, May 31, 2012

Stamp Investment Tip: French Southern and Antarctic Territories 1966-69 Flora/Fauna Issue (Scott #25-28)


Four countries claim territory in the Antarctic and issue stamps for their territories. They are Australia (Australian Antarctic Territory), Great Britain (British Antarctic Territory), New Zealand (the Ross Dependency), and France (the French Southern and Antarctic Territories). Of these, the French territory, also known as French Antarctic and abbreviated as F.S.A.T. or T.A.A.F., is of most interest to philatelists, because most of the F.S.A.T. stamps were issued in modest quantities and many are beautifully engraved. Most stamps issued for the various Antarctic territories are sold to collectors, as only a few hundred scientists reside in research facilities in the Antarctic.

From 1966 to '69, the F.S.A.T. issued a set of five stamps picturing native animals and one local plant, the Phylica tree of Amsterdam Island. 40,000 were issued, and Scott '12 prices it unused at $433.00.

Demand for stamps of the French Antarctic is strong in France and among collectors of French Colonies/Area, and the Flora/Fauna set has obvious topical appeal. It is the territory's key set, and as such may be purchased as a conservative investment.


Sunday, May 27, 2012

General Commentary: The Holy Grail of Philatelic Investing


Over the last 2+ years, I've published over 400 StampSelector blog articles recommending various stamps or souvenir sheets as investments. However, I have never made any comparison between the issues recommended, nor have I attempted to rate their prospects and predict which might provide the best returns.

The desire to provide some kind of stamp investment rating system ("S.I.R.S.?") is an ongoing obsession of mine, because it would be extremely valuable to be able to provide an educated guess as to which stamps will appreciate in value the most over the long-term. Obviously, a philatelic investor could use it to determine which stamps to target for investment, and a blogging hack who tips stamps, such as myself, might acquire immense influence over the stamp market by providing a credible system, and could even use such information to hoard the top-rated stamps before publishing it. Such a strategy would invite a friendly visit from the Securities and Exchange Commission and a probable prison term if the subject were stocks, which it isn't.

It is for this reason that I compare such a ratings system, or formula, to the Holy Grail of Arthurian legend, and as with the search for the mythical Grail, the paths to it are hidden due to lack of information, and remain obscured by clouds of ambiguity. Nevertheless, it is possible to list some of the criteria which might be taken into consideration in order to determine a stamp's rating.

Firstly, the formula's intended solution - the rating itself - would be a number which represents an estimate of a stamp's long-term growth, perhaps the estimated average annualized return (L.T.E.A.R.) on the investment over the next ten or twenty years. Hence, a stamp with an LTEAR of 15% have a rating of 15.

Variables which would factor into the formula would include the stamp's printing quantity and/or estimate of its current supply, the population of its country of origin and population growth rate, the country's economic growth rate and/or projection of the growth of its middle class, the country's current current population of stamp collectors, sources of external demand (such as topical, regional or "mother-country" demand, if the country of origin is a former colony, as well as the population of those with ties to the former country now living in other countries). Population aging rates might also be factored in, since serious stamp collectors tend to be middle aged or older. Ideally, the formula might also include a quantification of cultural factors, as some nations/ethnic groups have more affinity to stamp collecting than others; however, estimating this variable would probably prove insuperably difficult. Finally, there would have to be an application of the stamp market's version of the Heisenberg Principle - an incorporation of the effect of investors, speculators, investment tips, and even the rating system itself, on demand.

In all likelihood, the prospect of creating a SIRS will remain nothing more than a dream. I encourage any reader with an interest in pursuing the project to post a comment either here or on the Facebook StampSelectors group site.


Thursday, May 24, 2012

Stamp Investment Tip: Puerto Rico 1898 Provisional Issues (Scott #200-201)

During the Spanish American War, U.S. troops landed at Guanica Bay in Puerto Rico, and mail service was established under General Wilson, the acting governor of the conquered territory. Crude provisional stamps were issued at La Playa de Ponce and Coamo in 1898 (Scott #200 and 201).

The Ponce Issue (Scott #200) was a violet 5c handstamp applied to envelopes, while the Coamo Issue (Scott #201) was an imperforate stamp, of which four types exist, as described in Scott. Quantities issued of the Ponce Issue are unknown, but in all probability, fewer than 100 were produced. About 500 of the Coamo stamps were issued. Scott '12 prices the Ponce stamp unused at $7,500.00 , and the Coamo stamps unused at between $ 650.00 and $850.00, and the used stamps between $1,050.00 and $1,350.00, depending upon type. Blocks of four of the Coamo stamps showing all four types exist, as do complete sheets of ten.

These rather boring-looking stamps appeal to collectors of U.S. Possessions, Puerto Rico, and Latin America. They're offered at auction on occasion, and should be purchased conditional on obtaining expertization, since dangerous counterfeits exist. Based on the projected growth in demand for U.S. Possessions stamps alone, they may be considered conservative investments. Should demand for stamps of Puerto Rico increase dramatically, then they will outperform this expectation.

With about 3.7 million people, Puerto Rico is an unincorporated territory of the United States, with an economy that is one of the most diverse in the Caribbean region. In addition to the island's population, there are also approximately 3.8 million Puerto Ricans living in the Continental U.S.. Services and industrial production have surpassed agriculture as the primary focus of economic activity and income. Encouraged by duty-free access to the U.S. and by tax incentives, United States firms have invested heavily in Puerto Rico since the 1950s. Sugar production has lost out to dairy production and other livestock products as the main source of income in the agricultural sector. Tourism has traditionally been an important source of income for the island. Due to immense debt problems and problems associated with Puerto Rico's status, annual GDP has actually declined by about 2.5% per year over the last 5 years.


Sunday, May 20, 2012

Stamp Investment Tip: Senegambia and Niger 1903 Navigation and Commerce (Scott #1-13)


Senegambia and Niger was a short-lived administrative unit of the French possessions in Africa, formed in 1902 and reorganized in 1904 into Upper Senegal and Niger. These territories later became the Republics of Burkina Faso and Mali.

In 1903, the French issued the first stamps for the colony, a set of thirteen utilizing the Navigation and Commerce design (Scott #1-13). Scott '12 prices the unused set at $287.15, and while quantities issued are not known, it's likely that they were in the low ten thousands.

The set should do well as a conservative investment, based on the growth of interest in stamps of the French Colonies/Possessions. It has the added attraction of being an possible emerging market play, should a stamp collecting community develop within Burkina Faso or Mali.

Burkina Faso is a poor nation, with a population of about 16 million. Agriculture represents 32% of its gross domestic product and occupies 80% of the working population. Highly variable rainfall, poor soils, lack of adequate communications and other infrastructure, a low literacy rate, and a stagnant economy are all longstanding problems of this landlocked country. Many Burkinabé migrate to neighboring countries for work, and their remittances provide a substantial contribution to the balance of payments. The government is attempting to improve the economy by developing its mineral resources. Annual GDP growth has averaged just under 5% over the past 5 years.

Mali, another poor and landlocked African country, has a population of about 15 million. As with Burkina Faso, about 80% of the population is employed in agriculture, which is vulnerable to periodic droughts. The country has significant mineral reserves, which it is developing. These include: gold,kaolin, salt, phosphate, and limestone. Annual GDP growth has averaged just over 4% over the past 5 years.


Thursday, May 17, 2012

Stamp Investment Tip: Costa Rica 1963 Native Animals (Scott #C354-61)


In 1963, Costa Rica issued a pleasant set of triangular stamps picturing native animals (Scott #C354-61). 30,000 sets were issued, and Scott '12 prices the unused set at $20.00.

According to a recent survey done by the American Topical Association, "Animals" are the most popular collecting topic among U.S. collectors, and the same probably holds true for collectors in the rest of the world. The set also has an "Eco-topical" theme, which should give it an additional boost as people feel increasingly sentimental about all of the wonderful animal species which they are wiping out. It is undervalued, especially since there are many collectors of Latin America who focus on the region as a whole, and also that it is likely that many of the sets were used as postage and discarded.

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.


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, May 13, 2012

Stamp Investment Tip: India 2007 Satyagraha Centennial Souvenir Sheet (Scott #2208e)


In 2007, India issued a souvenir sheet commemorating the Centennial of Mahatma Gandhi's Non-violent Resistance, or Satyagraha, Movement (Scott #2208e). 200,000 were issued, and Scott '12 prices the unused souvenir sheet at $3.00 .

While the quantity issued may seem high compared to those of most stamps recommended by StampSelector, it should be kept in mind that India is a rapidly developing nation of over a billion people, and millions of Indian collectors will probably be converted to the insidious cult of Philately over the next decade.

As for the sheet's topical appeal, it couldn't be any stronger, as many Indians view the Mahatma as something like a semi-divine combination of Jesus, Washington, and Lincoln. Gandhi Topicals with low or moderately low printings, whether from India or elsewhere, are worthy of consideration as investments.

Those interested in viewing a list of scarce stamps with printing quantities of 100,000 or fewer may wish to view 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.

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, May 10, 2012

Stamp Investment Tip: Italy- Aegean Islands 1933 Graf Zeppelin (Scott #C20-25)

The Aegean Islands, a group of islands in the Aegean Sea, were occupied by Italy during the Tripoli War and ceded to Italy by Turkey in 1924 per the terms of the Treaty of Lausanne. They were ceded to Greece after World War II.

In 1933, Italy issued a set of six airmail stamps for the Aegean Islands, intended for use on the Italian Flight of that year (Scott #C20-25). 10,000 sets were issued, and Scott '12 prices the unused set at $360.00.

I recommend purchase of the set- NH, LH, or on covers carried on the flight. It has multiple market appeal among collectors of Italy/Area, Zeppelin stamps, and possibly also Greece.

Zeppelin stamp and cover collecting is extremely popular worldwide. Many countries issued stamps for use on the various Zeppelin flights, and those interested in learning more about the Zeppelin issues and their usages should consider purchasing a Michel Zeppelin Specialized Catalog or a Sieger Zeppelin Post Catalog.

A nation of about 61 million people, Italy is the fifth most populous country in Europe, with the eighth-largest economy in the world and the fourth-largest in Europe in terms of nominal GDP. Italy was rapidly transformed from an agriculture based economy into one of the world's most industrialized nations and a leading country in world trade and exports. It is a developed country, with the world's 8th highest quality of life and the 23rd Human Development Index. In spite of the recent global economic crisis, Italian per capita GDP at purchasing power parity remains approximately equal to the EU average,] while the unemployment rate (8.5%) stands as one of the EU's lowest. The country is well known for its influential and innovative business economic sector, an industrious and competitive agricultural sector (Italy is the world's largest wine producer), and for its creative and high-quality automobile, industrial, appliance and fashion design. The country's GDP has contracted by a little under 1% per year over the past 5 years, due to the European Sovereign Debt Crisis.



Sunday, May 6, 2012

Stamp Investment Tip: Kyrgyzstan 2007 Fine Arts Souvenir Sheet (Scott # 293 )

In 2007, Kyrgyzstan issued a souvenir sheet honoring the Fine Arts (Scott #293 ). Only 10,000 were issued, and Scott '12 prices the unused sheet at $5.00 .

The sheet has appeal to Art Topicalists as well as collector of Kyrgyzstan.

I believe that focusing on scarce popular topicals is a prudent means of speculating on stamps of the newly independent nations of Central Asia. Whether or not demand develops within these countries for the stamps that they issue, there will always be worldwide demand for their most popular topicals.

A nation of 5.5 million, Kyrgyzstan is the second poorest country in Central Asia. It has had economic difficulties following independence from the Soviet Union, as a result of the breakup of the Soviet trading bloc and resulting loss of markets, which impeded the republic's transition to a free market economy. Agriculture is an important sector of the economy, and the country also has substantial deposits of coal, gold, uranium, antimony, and other valuable minerals. In addition, the country's plentiful water resources and mountainous terrain enable it to produce and export large quantities of hydroelectric energy. Overall, the government appears committed to the transition to a market economy,and economic performance has improved considerably in the last decade, although the country was hit by the global financial crisis in the last two. Annual GDP growth has averaged 2.8% over the last 5 years.


Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group  page at Facebook. The page hosts lively discussions concerning stamp investment and practical aspects of collecting, and is an excellent venue for those who wish to buy, sell, or trade stamps.


Thursday, May 3, 2012

Stamp Investment Tip: Bolivia 1930 Scenes (Scott #C27-34)

In 1930, Bolivia issued a set of eight airmail stamps picturing scenes of rural Bolivia (Scott #C27-34). 5,767 sets were issued, and Scott '12 prices the unused set at $23.60 .

This set is yet another grossly undervalued issue from a Latin American country. There are many collectors who focus on the region as a whole, which supplements demand for the stamps of the individual countries.

A nation of about 11 million people, Bolivia is the poorest country in South America, despite being rich in natural resources. Along with substantial reserves of silver and tin, Bolivia has the second largest natural gas reserves in South America and 50%-70% of the world's lithium, for which demand is expected to rise significantly over the next decades, because of its use in making batteries for electric vehicles. Since 1985, the government of Bolivia has implemented a far-reaching program of macroeconomic stabilization and structural reform aimed at maintaining price stability, creating conditions for sustained growth, encouraging foreign investment, and alleviating scarcity. Annual GDP growth has averaged 4.6% over the last 5 years.

I have begun a new blog, " The Stamp Specialist ", featuring my buy lists for stamps which I wish to purchase, including some Bolivian stamps. I haven't listed the sets recommended in this article, but would be very interested in purchasing either of them, with certificates for the 500 centavos stamps, if offered at a reasonable price. Periodically viewing dealers' buy lists is an excellent way to remained informed about the state of the stamp market.



Sunday, April 29, 2012

Stamp Investment Tip: Labuan 1879-82 Victoria (Scott #1-4, 5-10)

Labuan is a small island off the northwest coast of Borneo. The British became interested in the previously uninhabited, mosquito-ridden island in the 1840s as a possible base of operations against pirates in the South China Sea, and forced the Sultan of Brunei to cede it to them in 1846.

The first stamps of Labuan depict the usual profile of Queen Victoria, but are unusual for being inscribed in Arabic and Chinese as well as in English. The stamps of both the first and second sets, issued in 1879 and 1880-82, were issued in small quantities. I've listed them below, along with their Scott '12 catalog values as unused and quantities issued.

-1879 Victoria, Watermark 46:
  • 1879 2c Green 1; Scott '12 =$1,500.00 ;1,520 issued
  • 1879 6c Orange 2; Scott '12 =$240.00 ; 2,940
  • 1879 12c Carmine 3; Scott '12 =$1,925.00; 1,470
  • 1879 16c Blue 4; Scott '12 =$77.50 ; 3,520
-1880-82 Victoria, Watermark 1:
  • 1880-82 2c Green 5; Scott '12 =$27.50 ; 5,360
  • 1880-82 6c Orange 6; Scott '12 =$135.00 ; 5,200
  • 1880-82 8c Carmine 7; Scott '12 =$135.00 ; 6,100
  • 1880-82 10c Yellow Brown 8; Scott '12 =$195.00 ; 5,050
  • 1880-82 12c Carmine 9; Scott '12 =$ 330.00; 5,580
  • 1880-82 16c Blue 10; Scott '12 =$ 100.00; 5,500
I consider the early stamps of Labuan grossly undervalued, possibly due to the island's obscurity. Many of its early stamps were probably used as postage and discarded. It's likely that few collectors of the 1880s had even heard of the place.

The island is now a federal territory of Malaysia, with about 85,000 inhabitants. It is best known as an offshore financial center offering international financial and business services. It is also an offshore support hub for deep water oil and gas activities in the region and a tourist destination for nearby Bruneians and scuba divers. Labuan's stamps have dual market appeal to collectors of British Commonwealth in general, and Malaya/Malaysia in particular.

With a population of over 28 million, Malaysia is an emerging market nation and the 29th largest economy in the world. It has abundant minerals and petroleum, vast forests, as well as a thriving agricultural sector. Nevertheless, over the last four decades, the Malaysian government has committed the nation to a transition from reliance on mining and agriculture to manufacturing, and is moving to conserve its remaining forests and reforest the overcut areas. The government has recently taken steps to make Malaysia more business-friendly, and the number of Malaysians living in poverty has also decreased. As of 2007, average wages were around $34 per day, up from about $9 per day in 1999. Annual GDP growth has averaged over 5% over the last five years, although the country's economy was hurt by the global financial crisis.



Thursday, April 26, 2012

Phila-Trivia: Jean de Sperati -the Rubens of Philatelic Forgery


Jean de Sperati (1884-1957) was among the most noted stamp forgers of the world. Even professional stamp authenticators of his time attested to the genuineness of his stamps. A printer and engraver by profession, he was able to mimic the details of design, the pressure and the paper with such accuracy that he earned the title "the Rubens of Philately".

Sperati was born in 1884 in Pisa, Italy, though he spent a large part of his life in France. As a child in Pisa and later in France, he began to collect stamps. He was particularly interested in printing techniques, as well as photography which was in its infancy at that time. Relatives owned a postcard factory as well as a paper mill. Through this, Sperati was able to obtain copious knowledge of photographic processes, print technology and chemicals. These formed the basis for his eventual career as a stamp counterfeiter.

The first attempts to copy stamps went extraordinarily well. The first forgeries were of valuable stamps from San Marino, and stamp experts believed them to be real. Thereupon Sperati began to produce numerous further reproductions of valuable stamps from all over the world. This eventually resulted in well over 500 master-quality forgeries from more than 100 different stamp-issuing agencies.

In 1942, for the first time in his life, Sperati came into conflict with the law. A shipment marked as valuable from Sperati to a stamp dealer in Lisbon, Portugal was intercepted by French customs. It contained several falsified German stamps. They charged him with "exporting capital" without a licence and trying to avoid customs payments. He protested his innocence, and explained to the police that it contained only copies of valuable stamps, which he himself had prepared, whereupon the police called in the country's best stamp experts to clear up the facts of the case. These experts came to the judgment that the stamps in question were all originals, and very valuable ones at that. Sperati still managed to convince the police that they were fakes, and was therefore charged with fraud. His trial took place in April 1948.

Attempting to explain his actions, Sperati tried to convince the court that he had no deceitful intentions in the sale of the stamps. He considered himself to be an artist and not a counterfeiter. Furthermore, he declared to the court that he had merely forgotten to clearly mark the stamps as forgeries and he promised to be more diligent about such marking in the future. He claimed that he had offered the forgeries of rare stamps at about 1% of the normal market price in order to assist the simple collector to obtain these rarities. Nevertheless the Parisian judiciary convicted Sperati and sentenced him to a year in prison, 10,000 francs fine and an additional 300,000 francs for criminal intentions. The Parisians' judiciary did not convict him on the basis of the imitation, but rather because of Sperati's "deceitful intentions". He was convicted in April 1948.


Sperati did not have to serve his prison sentence on the grounds of his age - he was already over 64 years old. In 1954 he sold all his remaining forgeries as well as all the clichés to the "British Philatelic Association" for an enormous sum of money. He then withdrew from the forgery business and promised never again to falsify a stamp. His motive for selling the tools of his trade to the "British Philatelic Association" was to prevent them falling into the possession of someone who would imitate his work. Sperati died three years later in Aix-les-Bains at the age of 73.


The stamp forgeries of Jean de Sperati are some of the best of the world. Many of them slumber undetected in various collections. Sperati falsified only the most valuable rarities of the stamp world. He did this with an inimitable precision scarcely obtained by any other counterfeiter. A Sperati forgery is today in no way worthless. They are highly regarded and obtain high prices as special collectibles. Most other stamp forgeries, on the other hand, are worthless. Sperati paid great attention to the accuracy of the postmark when falsifying the stamps. Therefore, postmarks found on his forgeries are limited to those of larger cities. They are currently very valuable in the philatelic market, and it is believed that he might have produced over 5,000 of them.


Sunday, April 22, 2012

Stamp Investment Tip: St. Pierre and Miquelon 1941-42 "France Libre" Overprints

The Territorial Collectivity of St. Pierre and Miquelon, the only remnant of the former French colonial empire in North America, is comprised of two small groups of islands off the coast of Newfoundland. From a philatelic investment perspective, it's of interest because its stamps are popular in Canada and among collectors of French Colonies - both growing markets.

In 1941 and '42, as a colony under Free French administration, St. Pierre and Miquelon overprinted many of its earlier regular and postage due stamps (as well as a Parcel Post stamp) "France Libre... F.N.F.L." Quite a few of these stamps were issued in quantities of under 100 to under 1,000, and most were quickly purchased by speculators, including the legendary Canadian stamp dealer Kasimir Bileski (1908-2005), whose owner's mark may be found on the back of some of them. Quantities issued of many of the scarcest may be found by viewing the the Scarce Stamp Quantities Issued List (under the French Colonies/Possessions category).

Despite the somewhat dubious nature of these stamps (and the fact that most of them were gobbled up within days after they were issued), I believe that collectors are increasingly accepting them, as evidenced by their high realizations at auction. This brings to mind John Huston's famous quote from the film "Chinatown": "Politicians, old buildings, and prostitutes all become respectable with age." The same often applies to stamps issued solely for the collector market.

Fake overprints exist, so I strongly advise purchasing the stamps conditional on obtaining expertization.

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group and organization pages at Facebook. These host lively discussions concerning stamp investment and practical aspects of collecting, and are excellent venues for those who wish to buy, sell, or trade stamps.

Thursday, April 19, 2012

Stamp Investment Tip: Gambia 1898 Victoria (Scott #20-27)

In 1898, the British issued a set of eight stamps portraying Queen Victoria for Gambia (Scott #20-27). 2,400 sets were issued, and Scott '12 prices the unused set at $113.50.

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.

Information concerning printing quantities of stamps is often useful in determining which may turn out to be good investments. The StampSelector Scarce Stamp Quantities Issued List (SSSSQIL) currently includes over 9,700 listings of stamps and souvenir sheets with issuance quantities of 100,000 or less.


Saturday, April 14, 2012

Stamp Investment Tip: Cuba 1956 Birds (Scott #C136-46)


In 1956, Cuba issued a set of eleven stamps picturing birds (Scott #C136-46). 50,000 were issued, and Scott '12 prices the unused set at $75.00.

Aside from the set's appeal to Bird Topicalists, I believe that it will do very well when Cuba rejoins the crassly commercial, capitalist world, perhaps retaining a bit of a socialist safety net to keep the masses complacent. The set will also benefit from the long-term stealth bull market in better Latin American sets, which began around twenty years ago after the region's oligarchical dictatorships went out of style.

Note that "gloppy" or toned gum are typical defects found on many of these sets, so select for those that have clean gum.

I believe it inevitable that Cuba will join the fold of more-or-less free nations, and that tourism and trade will explode as a result. Currently, the average wage of each of the 11 1/2 million people living in this "socialist utopia" is under $20 per month, and GDP per capita is 107th in the world. Annual GDP growth has been high, averaging 6.4% over the last 5 years, but given the levels of corruption and favoritism shown to high ranking Communist Party members, it's an open question whether much of that new wealth has been filtering downward. Eventually, something will have to give. The current market for Cuban stamps, especially of the Pre-Castro Period, is bolstered by interest of stamp collectors within Cuban-American community, currently about 1.6 million strong, and far wealthier than their compatriots on the island. Interest in Cuban stamps is likely to increase, especially given the likely prospect of a replacement of the stale, "gerontocratic" regime within a decade or so.

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

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group and page at Facebook. These host lively discussions concerning stamp investment and practical aspects of collecting, and is also an excellent venue for those who wish to buy, sell, or trade stamps.

Wednesday, April 11, 2012

Stamp Investment Tip: Vatican 1948 Archangel Raphael and Tobias Airmails (Scott #C16-17)

In 1948, the Vatican issued a set of two airmail stamps picturing the Archangel Raphael and Tobias (Scott #C16-17). The design was based upon the Francesco Botticini's painting "Archangel Michael with Archangels Raphael and Gabriel, as They Accompany Tobias." 45,000 sets were issued, and Scott '12 prices the unused set at $440.00 ($640.- for NH) .

Though in a sense, all Vatican stamps are of special interest to Catholic collectors, this set's subject enhances its appeal as a combined Religion and Art Topical. Purchasing it could have an angelic effect on your stamp portfolio.

Stamps of the Vatican appeal to both collectors of Italy and Area in general as well as Vatican in particular. Better Vatican items in general should do well as the number of Catholic stamp collectors increases worldwide, especially since many live in emerging market countries.

Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.


Saturday, April 7, 2012

Stamp Investment Tip: South Korea 1958 UNESCO Souvenir Sheet (Scott #286a)

In 1958, South Korea issued a souvenir sheet honoring UNESCO, the United Nations Educational, Scientific, and Cultural Organization (Scott #286a). Only 5,000 of this rather bland sheet were issued, and Scott '12 prices it unused at $210.00.

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.

South Korea, a nation of about 50 million people, is one of the fastest growing economies in the world. Currently, it is the world's 13th largest economy and eighth largest exporter. It's export-fueled economic growth has led to a miraculous explosion in its GDP, from almost nothing 50 years ago to about $1 trillion today. Annual GDP growth has averaged 4.2% over the last 5 years, reflecting a slowdown in 2009 due to the global financial crisis. Furthermore, South Korea may be the most rapidly aging nation on earth, as its 65+ population is expected to more than quadruple from 9% in 2005 to 38% in 2050. Obviously, this could pose economic challenges for the country, but it will almost certainly add to its stamp collecting population.

Information concerning printing quantities of stamps is often useful in determining which may turn out to be good investments. The StampSelector Scarce Stamp Quantities Issued List (SSSSQIL) currently includes over 9,700 listings of stamps and souvenir sheets with issuance quantities of 100,000 or less.



Wednesday, April 4, 2012

Stamp Investment Tip: Afghanistan 1871-91 Tiger's Head Stamps (Scott #2-108)


From a philatelic perspective, Afghanistan is of interest mainly for its early issues, especially the "Tiger's Heads." These crudely lithographed stamps have appeal to specialists throughout the world. When they were issued, most Afghan post offices did not have postal cancelers, so pieces were torn off of the stamps in order to indicate that they were used. Tiger's Heads which catalog in the hundreds of dollars were probably produced in very modest quantities (low hundreds to the low thousands), although printing quantity information is not available for these issues.

I recommend purchase of Tiger's Heads cataloging $350 or more, conditional on obtaining expertization. Personally, I prefer the unused stamps because I've been conditioned to view stamps with pieces missing as ugly, even though this is the norm for used Tiger's Heads. The two key Tiger's Heads are the 1872 6 Shahi Violet (Scott #8; Scott '12 CV = $1,350.00) and 1 Rupee Kabuli Violet (Scott #9; Scott '12 CV= $ 1,850.00, and pictured above at left) - either of which are worth jumping on if you find them at auction.


A nation of over 28 million people, Afghanistan is one of the world's poorest countries. In 2010, the nation's GDP per capita was about $1,000. Its unemployment rate is 35% and roughly 36% of its citizens live below the poverty line. About 42 percent of the population live on less than $1 a day, according to USAID. However, due to the infusion of multi-billion dollars in international assistance and investments, as well as remittances from expats, the economy has significantly improved, with the GDP growing at an astounding 10 percent per year over the past five years. Opium production is a major part of the underground economy, employing over 2 million Afghans.

Recent discoveries of major mineral deposits make the country look compelling from a long-term perspective. In 2010, Pentagon officials, along with geologists from the United States, announced the discovery of $1–3 trillion worth untapped mineral deposits in Afghanistan. The country may possess up to 36 trillion cubic feet of natural gas, 3.6 billion barrels of petroleum, up to 1.3 billion barrels of natural gas liquids and huge deposits of gold, copper, coal, iron ore, lithium, and other minerals.

Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.



Friday, March 30, 2012

Stamp Investment Tip: Colombia 1957 Military Academy Souvenir Sheet (Scott #674a)


In 1957, Colombia issued a set and souvenir sheet commemorating the 50th Anniversary of the Colombian Military Academy (Scott #673-74, 674a). While the set is relatively common, only 10,000 of the souvenir sheet were issued, and Scott '12 prices it unused at $20.00 .

The souvenir sheet is somewhat large, and care should be taken to ascertain that it doesn't have creases or bends before purchasing it. It should do well based based upon the growth of Colombia's economy, and the long-term stealth bull market for better Latin American stamps in general.

A nation of 45 million people, Colombia has been plagued by decades of serious internal armed conflict, drug trafficking, corruption, and gross inequities of income, but has nevertheless racked up impressive annual GDP growth averaging 5.5% over the last 5 years. Moreover, until the global financial fiasco cut its GDP growth to 3% in 2009, it had been steadily accelerating, from 2% in 2003 to 8% in 2008. Recently, the government, armed to the teeth by the U.S., has applied a dual policy of combining military pressure with negotiations to cope with the various guerrilla factions within the country. This seems to have worked to some extent, as the number of insurgents has been halved, and the number of homicides and kidnappings drastically reduced. While some argue that the Colombian government is still utterly corrupt, and has violated human rights and supported paramilitary death squads in order to achieve relative peace, it may be that this is par for the course, given the nation's history. The main challenge that the country faces will be that of sharing more of the wealth with the majority of the population so as to develop more of a middle class and political center. Otherwise, it will devolve into an unstable mess.

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group and organization pages at Facebook. These host lively discussions concerning stamp investment and practical aspects of collecting, and are excellent venues for those who wish to buy, sell, or trade stamps.



Wednesday, March 28, 2012

Stamp Investment Tip: French Southern and Antarctic Territories 1965 Discovery of Adelie Land (Scott #C7)


Four countries claim territory in the Antarctic and issue stamps for their territories. They are Australia (Australian Antarctic Territory), Great Britain (British Antarctic Territory), New Zealand (the Ross Dependency), and France (the French Southern and Antarctic Territories). Of these, the French territory, also known as French Antarctic and abbreviated as F.S.A.T. or T.A.A.F., is of most interest to philatelists, because most of the F.S.A.T. stamps have been issued in modest quantities and many are beautifully engraved. Most stamps issued for the various Antarctic territories are sold to collectors, as only a few hundred scientists reside in research facilities in the Antarctic.

In 1965, the F.S.A.T. issued an attractive bi-colored stamp celebrating the 125th Anniversary of the Discovery of Adelie Land by the explorer Dumont d'Urville (Scott #C7). 60,000 were issued, and Scott '12 prices the unused stamp at $125.00 .

Demand for stamps of the French Antarctic is strong in France, and the Discovery stamp should do well based upon its beauty, historical significance, and appeal to French Colonies and Polar Topical collectors.

Information concerning printing quantities of stamps is often useful in determining which may turn out to be good investments. The StampSelector Scarce Stamp Quantities Issued List (SSSSQIL) currently includes over 9,700 listings of stamps and souvenir sheets with issuance quantities of 100,000 or less.


Saturday, March 24, 2012

Phila-Trivia: A Philatelic Poem From 1898


It is sometimes rewarding to spend a bit of time ferreting through old tomes and philatelic journals, as one can uncover oddities like a poem about stamp collecting.


The Eastern Philatelist, in its February, 1889 edition, published this rather charming and evocative poem entitled “Their Designs.”

It reads as follows:
............

Their Designs

by Guy W. Green


As I glance in my haste o’er the pages,

My album presents to my view,


I think of the various symbols

Impressed upon stamps, old and new.

Fair France with her anchor and virgins,


Old Turkey with crescent and star,


Denmark wit
h crown, shield and lions,

Then Baden with griffins and bar.


Proud Austria comes with her eagles,


And Hungary’s horn, wreath and crown


Are followed by Spain’s oblong framings,

From which her dead rulers look down.


While Barbadoes, Cyprus and Fiji,

Tobago and fair Trinidad,


Together with Queensland and Natal,


Do honor to England’s brave head.

At last but not least in my rev’rence,


Our nation among them appears


With her presidents, gen’rals and statesmen,


Who’ve flourished and lived in past years.


The figures confuse and commingle.

Bewildered, I turn me away,


And leave all my fancies and dreaming,


For tasks that await me t
oday.

................

Wednesday, March 21, 2012

Stamp Investment Tip: Newfoundland 1919 Caribou Issue (Scott #115-26)


In 1919, Newfoundland issued a set of twelve stamps (Scott #115-26) honoring the 1,204 Newfoundlanders who died in World War I. Each stamp pictures Newfoundland's Official Animal, the Caribou, and notes a famous battleground of that pointless war. 48,400 sets were issued, and Scott '12 prices the unused set at $264.25 ($425.00 for NH) .

Aside from being an undervalued B.N.A. issue, the Caribou Issue has the added appeal of being an Animal Topical set.

Many of the better stamps of Newfoundland were issued in modest quantities. I intend to revisit them in the future, as I am "doggedly bullish" (to badly mix metaphors) about better British North America in general. This area is very popular among collectors of both Canada and British Commonwealth, and the better items represent solid investments, as interest in stamp collecting in Canada is much stronger than it is in the U.S. .

With a population of about 31 million, Canada is one of the world's wealthiest countries, and is one of the world's top ten trading nations. GDP growth has averaged 2.2% over the past five years, which takes into account the 0% growth of 2009 due to the global financial crisis. Canada's population is expected to age significantly over the next decades. Canadians over 60 are projected to increase from 16.7% of the population in 2000 to 27.9% in 2025, and 30.5% in 2050. Consequently, in the future, many more Canadians will be spending time working on their stamp collections on cold winter days.

Those interested in learning about investing in stamps should read the Guide to Philatelic Investing ($5), available on Kindle and easily accessible from any computer.



Saturday, March 17, 2012

Stamp Investment Tip: Lebanon 1965 Visit of Pope Paul VI Issue (Scott #C437, C437a)


In 1965, Pope Paul VI visited Lebanon, which commemorated the event by issuing a stamp and souvenir sheet picturing the Holy Pontiff and Lebanese President Chehab (Scott #C437,C437a). 50,000 of the stamp and 5,000 of the souvenir sheet were issued, and Scott '12 prices them unused at $5.25 and $52.50, respectively.

I recommend the purchase of both. While the quantity issued of the souvenir sheet was only a tenth that of the stamp, it is very likely that many of the stamps were used as postage and discarded. The souvenir sheet was sold at a slight premium over face value, so virtually all of them were probably saved, either mint or first day-canceled.

The issue has dual market appeal among collectors of both Lebanon and Catholicism Topicals. There are approximately 1.2 billion Catholic Christians in the world, and many live in the emerging market nations of Latin America, Asia, and Africa. Topicals related to the Catholic Church should be bolstered by economic growth in these areas.


Lebanon, a nation of 4.2 million people, is noted for its commercial enterprise. Over the course of time, emigration has yielded Lebanese "commercial networks" throughout the world. As a result, remittances from Lebanese abroad to family members within the country total $8.2 billion and account for one fifth of the country's economy. The country has the largest proportion of skilled labor among Arab States. The tourism and banking sectors are the the most important pillars of the Lebanese economy, though they have at times been disrupted by political instability. Annual GDP growth has averaged about 4.8% over the last 5 years.

Those interested in becoming part of an international community of stamp collectors, dealers, and investors are welcome to join the "Stampselectors" group at Facebook. The group hosts lively discussions concerning stamp investment and practical aspects of collecting, as is also an excellent venue for those who wish to buy, sell, or trade stamps.