Stamps are getting dearer
Rare stamps in a class of their own
Joanna Pitman advises investors who are wary of turbulent stock markets to investigate the world of philately, where values have risen steadily for 50 years
Stamps, it is said, are the most valuable commodity on earth by weight. An 1868 Benjamin Franklin stamp, for example — a standard-sized stamp weighing a fraction of a fraction of a gram — was bought recently for $2.97 million by an American investor. So the claim may well be true.
Rare and desirable stamps, in good condition, can make impressive investments. The GB30 index, which tracks the values of the 30 rarest Great Britain stamps, has ‘never once fallen in the last 50 years’, says Geoff Anandappa, investment portfolio manager at the stamp dealers Stanley Gibbons in London. ‘It has gone up by an average of
10.7 per cent per year over the last 50 years, and by 10 to 15 per cent per year in the last five years.’
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Tony Fisher
November 20th, 2008 10:42pmWhat utter drivel.
I have seen far too many cases of investors who bought through Gibbons and lost heavily, mainly because they knew little about stamps. Stamps CAN be a good investment - but only if you are an expert and know what to look for. They are no place at all for the inexpert investor.