Tuesday, August 03, 2010

Booming Chinese Stamp Market

Interasia Auctions Ltd. principal Jeffrey Schneider was interviewed recently by the Wall Street Journal about the booming Chinese stamp market.

In the article that appeared yesterday on the paper's website, Schneider said, "It's such a booming market because you have the influence of China, and an enormous Chinese diaspora too, and they tend to collect Chinese stamps whether they're living in the U.S., Scandinavia or South America."

When asked, "What particular categories of stamps are strong right now in China?," Schneider replied,"Stamps from the Cultural Revolution have become very popular; the value of Chinese stamps from the '60s and '70s is enormous. The value of stamps of the same era from Belgium, the U.K. or the U.S. is less than the face value.|

He went on to say, "The most romantic of all issues for Chinese collectors are the stamps known as the 'Red Revenues.' In 1897, China changed its currency. Its stamps, including revenue stamps used to pay certain taxes, were in the old currency. China ordered new stamps from Japan but they didn't arrive on time, so the government surcharged old stamps with the new values. The revenue stamps are red, and that's a lucky color for Chinese collectors."

Shown above, 1952 stamps from China marking the 35th anniversary of the Bolshevik revolution which  are also in high demand.

To read the entire interview, click here.

For more on collecting stamps from China, click here.
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posted by Don Schilling at 12:01 AM