Stamp Investment Tip: Hawaii 1883-86 Definitives (Scott #42-49)

Between 1883 and 1886, the Kingdom of Hawaii issued a set of definitives picturing members of its royal family (Scott #42-49). Only 17,350 sets were issued, and Scott '10 values the unused set at $ 797.75 ($ 1,884.- for NH).

It is surprising that there are still many undervalued stamps of Hawaii, given that it is the most popular U.S. Possession among U.S. collectors, and that it is an important cultural and economic nexus between the U.S. and the Far East.

Many of the definitives of the Kingdom Period and the later Provisional Government overprints may be found quite well centered. As the P.S.E. (Professional Stamp Experts organization) now grades U.S. Possessions stamps, I advise selecting for condition and centering when purchasing them. Should the current grading fetish persist, Hawaiian stamps that grade XF-90 or higher will sell at auction for multiples of their catalog value.

Stamp Investment Tip: Hawaii 1896 Official Set (Scott #O1-6)

In 1896, Hawaii issued a set of official stamps (Scott #O1-6) honoring Lorin Andrews Thurston, a politician and businessman who played a pivotal role in a classic 19th century American land-grab, the overthrow of Queen Lili'ukalani and the transformation of Hawaii from an independent kingdom into a U.S.-dominated republic. 10,000 sets were issued, and Scott '09 prices the unused set at $ 267.50 ($ 665.00 for NH). The stamps were in use for three years, until shortly after the annexation of Hawaii as a U.S. territory in 1898, and some saw use during the Spanish-American War, when Hawaii served as a coaling stop for ships en route to the Philippines. The remainder of the supply was sold to a speculator, and it is probable that demand for the set was dampened by the view that the stamps were produced in part to exploit collectors.

Stamps of Hawaii are popular among U.S. Possessions collectors, and, of course, on the islands themselves. As the shadow hanging over it has all but disappeared, the Officials set has "become respectable with age," to paraphrase John Huston in "Chinatown."