Prospects looking up for classic British stamp values
In a recent news release Stanley Gibbons (SG) report that Britain’s Historical Treasures are being snapped up by the Tiger Economies. In the report SG not only confirm the sale of "Britain’s rarest stamp" to an Asian investor after they displayed it during the London 2010 Festival of Stamps International Exhibition in May last year, they also detail some astounding purchase orders for classic GB stamps.
Perhaps the most remarkable evidence of the explosion of eastern demand for GB stamps came during Stanley Gibbons’ recent visit to the International Stamp and Coin Expo in Beijing where they sold the company’s entire stock of 1840 Penny Blacks imported for the show and took an order for a further 10,000 -- yes, ten thousand -- examples of the world’s first postage stamp for one trade buyer alone.
Filling such a dramatic order will very likely influence domestic Penny Black values and I confidently expect this to be reflected in future Gibbons GB catalogue values. I've already noticed less Penny Blacks being traded on eBay and this suggests buying good examples of the classic stamp now could prove to be a shrewd investment over time compared to the miserly rates of interest currently on offer from the banks and building societies. Stanley Gibbons CEO, Mike Hall, is quoted in their report saying; "We might end up with most of the penny blacks in the world going to China. The Chinese are already paying twice our catalogue price to get their hands on them."
1840 Penny Black
(photo credit: Wikimedia Commons)
I believe it is very likely that demand for GB stamps from Asia will continue to grow in the foreseeable future although it will probably focus on a limited number of the rarer and more collectable British stamp issues with, at best, just a trickle down benefit to the more common or more modern issues.
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