Showing posts with label Egypt. Show all posts
Showing posts with label Egypt. Show all posts

Sunday, July 18, 2010

Stamp Investment Tip: Egypt 1956 Scout Jamboree Souvenir Sheets (Scott #B15Note)


In 1956, Egypt celebrated the 2nd Arab Scout Jamboree by issuing a set of semi-postal stamps (Scott #B13-15) and a pair of souvenir sheets (perf. and imperf. - Scott # B15Note) Only 3,800 sets of the souvenir sheets were issued, and Scott '10 prices them unused at $1,500.00 . These scarce souvenir sheets have dual market appeal as Boy Scout Topicals issued by an emerging market country for which I feel bullish about the stamp market. Worldwide membership of the Boy Scouts is estimated at 25 million, and Scouting topicals are extremely popular internationally.

With an estimated 76 million people, Egypt possesses one of the most developed economies in the Mid-East, with a GDP growth rate of 5%-7%. The government is undertaking major economic reforms to further spur development, including massive investments in infrastructure and liberalizing economic and tax policies to encourage foreign investment. Egypt's main challenge in the years to come will be one of social and political democratization - how to assure that enough of the new wealth trickles down to the majority of the population to lessen the problems of poverty and political instability. Nevertheless, barring major political instability, it is likely that Egypt will be one of the fastest growing economies over the next several decades.

Sunday, April 11, 2010

Stamp Investment Tip: Egypt 1932-39 Military Stamps



Between 1932 and 1935, the British provided stamps at a reduced rate for use by their military forces in Egypt, per the terms of a concessionary arrangement made with the Egyptian government. The stamps were to be affixed to the back of envelopes bearing an "Egypt Postage Prepaid" handstamp on the front, and were used by military personnel and their families for letters sent to Great Britain and Ireland.


These stamps are of particular interest because they have dual market appeal among collectors of both British Commonwealth and Egypt, with the growing stamp market in Egypt being a potentially powerful catalyst that could push the values of these stamps up significantly. I've listed the British Forces in Egypt stamps with the lowest printing quantities, along with their Scott '10 Catalog Values, below:
- 1932 3m Black on sage green (Scott #M2; 41,800; $ 55.00 )
- 1933 3m Brown Lake (Scott #M4; 54,000; $ 8.75 )
- 1934 3m Deep Blue (Scott #M6; 63,000; $ 8.25)
- 1935 1p Jubilee Overprint (Scott #M9; 27,000; $ 325.00)
- 1935 3m on 1p Bright Carmine (Scott #M11; 10,000; $ 25.00)



In addition, there is a non-Scott-listed variety of the 1935 3m Christmas stamp (Scott #M10). The normal vermilion stamp (Scott '10 CV=$ 2.25) is relatively common, with 101,100 issued. The neglected yellow orange variety (Michel #10b), which is currently valued at around triple the normal stamp, had a printing of only 12,075.

Also note that the 1935 1p Jubilee Overprint (Scott #M9) has added appeal as part of the George V Silver Jubilee Omnibus set of stamps issued by the various Commonwealth countries.


With an estimated 76 million people, Egypt possesses one of the most developed economies in the Mid-East, with a GDP growth rate of 5%-7%. The government is undertaking major economic reforms to further spur development, including massive investments in infrastructure and liberalizing economic and tax policies to encourage foreign investment. Egypt's main challenge in the years to come will be one of social and political democratization - how to assure that enough of the new wealth trickles down to the majority of the population to lessen the problems of poverty and political instability. Nevertheless, barring major political instability, it is likely that Egypt will be one of the fastest growing economies over the next several decades.







Thursday, February 11, 2010

Stamp Investment Tip: Egypt 1922 2pi Orange Postage Due (Scott #J26-26a)


Sometimes, among the best stamps in which to invest are the obscure, plain-looking back-of-book issues which collectors initially ignore. Such is the case with the unassuming little postage due which I am touting to all of you stampselectors today.


In 1922, Egypt overprinted some of its 1889 2pi Orange Postage Due stamps to celebrate the Proclamation of the Monarchy of King Fuad (Scott #J26, J26a). 26,000 of the normal, "overprint left side up" stamps, and 8,000 of the "overprint right side up" variety were issued. Scott '10 values the normal unused stamp at $ 5.00 and the variety at $ 25.00. In all probability, at least 70%-90% of these stamps were used and discarded, leaving perhaps 2,600 to 7,800 of the normal stamp and 800-2,400 of the variety remaining.


Generally, when scarce yet boring back-of-book stamps are overlooked, they remain undervalued for a time, until collectors realize that they have to fill spaces in their albums, but can't find the stamps. As prices rise, they don't seem quite as boring anymore. I think this may prove doubly true for such stamps when they come from countries with rapidly developing economies and growing populations of stamp collectors.

With an estimated 76 million people, Egypt possesses one of the most developed economies in the Mid-East, with a GDP growth rate of 5% -7%. The government is undertaking major economic reforms to further spur development, including massive investments in infrastructure and liberalizing economic and tax policies to encourage foreign investment. Egypt's main challenge in the years to come will be one of social and political democratization - how to assure that enough of the new wealth trickles down to the majority of the population to lessen the problems of poverty and political instability.


Note: you may run into a cover bearing either the normal stamp or the variety at a very reasonable price while flipping through a dealer's bargain box. Be sure to maintain a poker face as you buy it from him.






Saturday, October 24, 2009

Stamp Investment Tip: Egypt 1933 Aviation Congress (Scott #172-76)

In 1933, Egypt issued a set of stamps honoring the International Aviation Congress, which was held in Cairo (Scott #172-76). 52,000 sets were issued, and Scott '10 prices the set at $ 76.50 unused. The set has appeal to Aviation and Zeppelin Topicalists as well as collectors of Egypt.

With an estimated 76 million people, Egypt possesses one of the most developed economies in the Mid-East, with a GDP growth rate of 5% -7%. The government is undertaking major economic reforms to further spur development, including massive investments in infrastructure and liberalizing economic and tax policies to encourage foreign investment. Egypt's main challenge in the years to come will be one of social and political democratization - how to assure that enough of the new wealth trickles down to the majority of the population to lessen the problems of poverty and political instability.

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