In March, 1878, there was an unexpected shortage in Barbados of the
then current One Penny stamp, and the island Post Office authorities
supplied the deficiency by means of a provisional: they perforated
the large Five Shillings stamp down the centre, surcharging each half
"1d." These makeshifts in due course reached England, and orders were
duly sent out for a supply for the stamp-market; one dealer's order was
actually held back by the Barbados postmaster until the arrival of a
further supply of the ordinary One Penny, when a supply of that stamp
was sent him. Other dealers and collectors probably fared as badly, and
an unused pair, or even a single copy, of this rare stamp supplies an
example of unearned increment which would delight a Chancellor of the
Exchequer on the look-out for more subjects for taxation. What a nice
little nest-egg would a shilling's-worth of those stamps now represent!
Of the circular British Guiana stamps of 1850-51 it is hardly fair
to speak, as they were issued and became obsolete before even the
oldest philatelist ever thought of collecting; but if any far-seeing
individual had then invested the modest sum of thirteenpence in the
purchase of an unused copy of each of the four values, and had had
them "laid down" until the present year of grace, or even until so
comparatively far back as 1890, the sum they would realise in open
market would not fall far short of £2,500. So, too, with the very rare
large oblong type-set stamps of 1856, one of which--the One Cent, black
on magenta--is literally unique.
The smaller stamps of 1862, printed from ordinary type with a frame of
fancy ornaments, and issued on a shortage of One, Two, and Four Cents
stamps, were for some considerable time fairly common, being obtainable
for a few shillings, or sometimes, if one were fortunate, for pence;
now a used set of the commonest variety of each value costs nearly £30.
Canada provides a rarity, dating back to 1851. A stamp--and it is a
beautiful piece of work--of the apparently peculiar value of Twelve
Pence was issued, but for some reason a very small portion of the large
supply was sold, the remainder disappearing without a trace, never to
be found even to this day: that stamp is now worth two thousand times
its original cost. The reason for the value being expressed somewhat
quaintly was that, whereas "One Shilling" was a fluctuating amount
according to locality, "Twelve Pence" was the same everywhere.
It goes without saying that it is the rarities which have appreciated
the most, and therefore a list of the stamps which ought to have been
secured as an investment is practically a list of the rare and scarce
stamps.
Public-domain text, read in full here on John Shaqi.
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