Thursday, October 15, 2009

Stamp Investment Tip: Mexico 1939 Sarabia Airmail (Scott #C93A)


On May 23, 1939, Mexico issued overprinted airmail stamps (Scott #C39A) for the May 25th flight of Francisco "Pancho" Sarabia from Mexico City to New York City, which he completed in record time, beating Amelia Earhart's previous record by almost 4 hours. On his return trip of June 7, the celebrated pilot crashed his plane, "El Conquistador de Cielo," into the Potomac River and was killed. An investigation found that the plane had crashed due to the negligence of a mechanic. Sarabia is now recognized as a national hero. of the stamps were issued and Scott '10 prices it at $425.00 for both used and unused.


In my opinion, there are many scarce and undervalued issues of Latin America which should be aggressively targeted. I like the Sarabia stamp in particular because it appeals to Airmail collectors as well, especially given the tragedy associated with the flight. Flight covers bearing the stamp turn up at auction every once in a while, offering the opportunity to own a gem of Mexican aviation history.


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Alex
I create paintings as documentations of context, based on systems of rules.
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