Saturday, May 22, 2010

Investment Suggestions Include Gandhi Stamps

Although it's been a while since Alex Rogolsky has posted anything on his StampSelector blog, he has made some interesting investment suggestions in the past.

One of those is the investment potential of Gandhi topicals.

According to Alex in a March 28 posting, "The stamp market is heating up in India, and as vast numbers of upwardly mobile Indian converts to the insidious cult of Philately enter the fold, their focus has been on topicals. It should come as no surprise that among the most popular topicals in India are stamps featuring Gandhi."

He goes on to say, "However, Gandhi topicals have been so hyped recently that minor, unlisted errors (commonly known as "freaks"), which only a few years ago might have brought only slight premiums over the prices of the normal stamps, have sold for absurdly high prices. Normally, I'd consider such sensational "lemmings-to-the-sea" type of behavior to be a sign of a stamp market bubble for the issues affected, similar to the short-lived mania for Lady Diana issues following her tragic death.

"In my opinion, this situation is somewhat different, because the future of philately in India is very bright indeed, and because the topic is Gandhi, who many Indians view as being like Washington, Lincoln, Martin Luther King, Jr., and Jesus rolled into one."

Shown above, Gandhi  stamp issued last year by the United Nations.

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posted by Don Schilling at 12:01 AM