Saturday, October 31, 2009

Phila-Trivia: Got A Rocket in Your Pocket? The Missile Mail Fiasco







Be thankful that one of the U.S. Navy's late-1950s solutions to the problem of slow mail delivery never caught on because, if it had, you could be ducking unarmed cruise missiles right now. On June 8, 1959, the U.S. submarine Barbero conducted the first and last test of so-called "Missile Mail," a concept that involved using a warhead-less Regulus cruise missile to carry postal containers.

The U.S. Postal Service devised the Missile Mail test as a combination experiment and publicity stunt in the hopes of finding alternative uses for military technology and more expeditious methods of delivering the mail. At the time, U.S. Postmaster General Arthur Summerfield hailed Missile Mail as "the first known official use of missiles by any post office department of any nation… [and an event] of historic significance to the peoples of the entire world." Summerfield went on to predict that "before man reaches the moon, mail will be delivered within hours from New York to California, to Britain, to India, or Australia by guided missiles. We stand on the threshold of rocket mail."


Clairvoyant, Summerfield was not. Considering the absurdity of using cruise missiles for civilian purposes during the Cold War, to say nothing of the inherent danger of firing weapons over civilian locations at regular intervals, or the high probability that the four-cent (domestic) and eight-cent (international) stamps on the rocket-powered postage didn't exactly cover the cost of using high-priced ordnance to pick up the delivery pace, it should come as no surprise that Missile Mail was a one-time-only affair.


Covers from the Barbero test are now quite valuable, and sell for $300 - $ 500.





This article contains quotes from the article "Geek Trivia: Air (and Space) Mail" by Jake Garmon of the Geek Trivia Newsletter






Stamp Investment Tip: Costa Rica 1941 Soccer Championship Issue (Scott # 201-08/C57-66)

In 1941,Costa Rica issued a compound set commemorating the Caribbean and Central American Soccer Championship (Scott #201-08/C57-66). 5,000 sets were issued, and Scott '10 prices the unused set at $ 121.35.

As with most of Latin America, Costa Rica has issued many stamps which I feel are grossly undervalued. This set has a very strong topical appeal, as soccer is widely considered to be the most popular sport in the world. Millions of people regularly go to stadiums to follow their favourite teams,while billions more watch the game on television.

This small nation of 4 1/2 million people 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 ecotourism 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.



Note that a rare "Flags Omitted" error exists of the 5c Green regular issue (Scott #201a; Scott '10 CV= $ 200.00). I advise requiring expertization as a condition for purchase when buying this error stamp.

Wednesday, October 28, 2009

Stamp Investment Tip: Venezuela 1944 Baseball Issue (Scott #C189-97)

In 1944, Venezuela issued an airmail set commemorating the 7th World Amateur Baseball Championship Games, held in Caracas (Scott #C189-97). Only 10,000 sets were issued, and Scott' 10 prices it at $ 42.50 for unused.

This overlooked issue is extremely attractive, as it combines scarcity, low price, a growing worldwide topical interest in Baseball, and an issuance country which is prospering, and likely to continue to prosper for the foreseeable future.

With a population of about 26 million, Venezuela is resource-rich, and consistently ranks among the top ten oil producers in the world. Annual GDP growth has averaged almost 10% over the last 5 years, although it has been decelerating recently due to lower oil prices. Under Chavez-style quasi-socialism, the percentage of Venezuelans living below the poverty line has decreased from 48% in 2002 to 30% in 2006. The country has begun diversifying its economy away from its current near-total dependence on petroleum exports, and has spawned a rapidly growing manufacturing sector.

Varieties exist for stamps of this set, including imperforates and overprint varieties. Perhaps the rarest is the double overprint of "AEREO" on the 45 centavo Rose Violet (Scott #C193), which is listed in Michel, but not in Scott. These varieties are considerably rarer than the normal stamps, but since they are not Scott-listed, it is possible that you will find them priced at only a modest premium.


Stamp Investment Tip: Suriname 1941 Arms/Inscription Semi-Postals(Scott #B34-36)

In 1941, Suriname issued a set of semi-postals to purchase fighter planes for the Royal Air Force of the Netherlands based in Great Britain (Scott # B34-36). The inscription reads "Netherlands Shall Rise Again, " referring to the struggle against German occupation. 10,000 sets were issued, and Scott '10 prices the unused set at $ 33.50.

The set has a potential dual market among collectors of Netherlands Colonies and Suriname.

With about 1/2 million people, Suriname is rich in natural resources, especially bauxite, athough it will be necessary to fund infrastructure projects to exploit them without destroying the environment. GDP growth has been robust, averaging 5% over the last 5 years. The country maintains close ties to the Netherlands, its primary trading partner.

In my opinion, most of this set's future growth will come from collectors of Netherlands Colonies, although it will receive an added boost if a stamp market develops in Suriname.



Monday, October 26, 2009

Stamp Investment Tip: Albania 1939 Definitives (Scott #310-23, C46)

In 1939, Italy invaded and occupied Albania, and issued a compound set featuring Albanian costumes, scenes, and Italy's King Victor Emmanual III (Scott #310-23,C46). Scott errantly does not list these stamps as a compound set. 40,000 of the regular-issue set were issued. Printing quantity information is unavailable for the key stamp (Scott C46), but in all probability, 10,000 to 20,000 were issued. Scott '10 prices the compound set at $115.75 for unused.

This set has a dual market, appealing to both Italian Area collectors and collectors of Albania.

A nation of 3.2 million people, Albania is poor by Western European standards, but has experienced healthy GDP growth, averaging 6% over the last 5 years. Foreign investment has increased but has been dampened somewhat by the country's inadequate infrastructure. Modernization will be Albania's main challenge over the next decade.

Stamp Investment Tips: Angola 1949 Scenes (Scott #319-24)

In 1949, Angola, issued a tourist set featuring scenes of the country (Scott #319-24). 50,000 sets were issued, and Scott '10 prices the unused set at $ 143.85 ($ 200.00 NH). Most were used as postage and discarded.


Angola, a nation of 18 1/2 million people, won its independence from Portugal in 1975, but was the scene of an intense civil war until 2002. The country has the fastest growing economy in Africa, averaging 15.5% over the last five years, largely driven by oil production. However, it faces huge social and economic problems as a result of the 27-year Civil War, and widespread corruption and poverty.


I favor the Scenes set based on its scarcity and interest to Portuguese Colonies collectors. Should Angola progress toward reconstruction and reform more quickly than is likely, the set will receive an added boost from from collectors within the country.



Sunday, October 25, 2009

Stamp Investment Tip: Cuba 1953 Airliner Issue (Scott #C75-78)

In 1953, Cuba issued a set of four airmail stamps picturing Lockheed Constellation Airliners (Scott #C75-78). Only 10,000 sets were issued, and Scott '10 prices the unused set at $ 86.00 . Many of the sets were used as postage and discarded, as the 2p and 5p high values were used for shipping packages to the U.S..


This is one of many scarce issues of Cuba which should be targeted for investment. 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.

Pages

Followers

About Me

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