Friday, September 25, 2009

Stamp Investment Tips: Mexico 1934 University Issue (Scott 698-706/C54-61/RA138)

In 1934, Mexico issued a beautiful compound set of stamps honoring its National University (Scott #698-706/C54-61/RA138). Showcasing Mexico's Aztec heritage in Art Deco style, it's rather pricey, so the constituent sets are usually sold individually (and even as individual values). 1,300 of the regular issue and 1,500 of the Airmail sets were sold, and the regular issue (Scott # 698-706) has a Scott '10 Catalog Value of $ 1,736.00 unused ($ 2,400.00 for NH) while the Air set (Scott #C54-61) is valued at $ 1,617.00 unused ($ 2,600.00 for NH). The postal tax stamp (Scott #RA138) is common.

I feel that the sets are grossly undervalued despite their apparent costliness, and should do very well in the years to come. Individual high values also are attractive: the 10p and 20p top values (706 and C61) with printings of 1,300 and 1,500, respectively (Scott Catalog Values of
$ 1,100.00 and $ 1,250.00), the 5p Offering to the Gods (Scott #705- 2,000 issued; $ 325.00), and the 5p and 10p Airs (Scott #C59 and C60; 3,000 and 2,500 issued; $ 75.00 and $ 240.00).

With a population of about 109 million, Mexico has experienced consistent annual GDP growth of between 3 and 5%. It has a diverse and developing economy, but modernization remains a slow and uneven process, and current challenges include addressing income inequality and corruption, upgrading the infrastructure, and reforming tax and labor laws. Stamps of Mexico are popular among collectors in the U.S. as well as in Mexico, and those who wish to learn more about Mexican stamps should consider joining the Mexico Elmhurst Philatelic Society International (M.E.P.S.I.). MEPSI provides many useful services for collectors of Mexico, including expertizing Mexican stamps.

Note that a rare unwatermarked variety exists of the 10p Aztec Worshiper (Scott #706a), of which only 200 were issued. Scott values the variety at $ 3,250.00 unused ($ 5,000.00 for NH) . Should you decide to cough up for one, it could certainly become one of the crown jewels of your philatelic investment portfolio.


Mexico Catalog said...

What a beautiful stamp that is. You aroused my interest in MEXICAN STAMPS with this post. Just about to check out the M.E.P.S.I link.

Alex said...

Thanks for the comment. I'll be tipping more Mexican stamps in the future, so please keep in touch.

Post a Comment



Blog Archive

About Me

My Photo
I create paintings as documentations of context, based on systems of rules.
View my complete profile