Space precludes a similarly long list of foreign stamps which have
greatly appreciated; but the following examples, with early prices (as
indicated) and those at present asked, may be interesting, showing the
rises in many of the medium stamps:--
Egypt--1st issue, set, 6s. 3d. (in 1882), now £6 2s. 6d.
Oldenburg--1st issue, ¹/₃₀ thaler, 1s. (in 1882), now £2.
Oldenburg--1859-61 issues (in 1882), from 9d. each; now 4s. is the
lowest, 12s. the next, and the highest £11.
Schleswig-Holstein--the pretty little stamps of 1850 were (in 1882) 9d.
and 1s. 6d. each: they have now risen to 28s. and 50s.
Holland--1st issue, 9d., 6d., and 1s. respectively for the three
values, unused: now 15s., 20s., and 30s.
Of the following, most, if purchased twenty years ago, would now show
a very handsome profit, even after allowing 5 per cent. _compound_
interest.
The Swiss Cantonals, first issue Roumania (Moldavia), _tête-bêche_
pairs of France, inverted U.S.A., Paris prints of Greece, early
Uruguays, some Brazils, early Japans, middle-period Hawaiian Islands,
Italian States, early Spain and Colonies, first Samoas, first
Shanghais, &c.
Concerning the inverted U.S.A., it is said--though these stories are
often more interesting than true--that a purchaser of a quantity of
one of these errors took them back to the post-office and had them
exchanged for normally printed stamps. If true, the present feelings
of the purchaser (if he survives) on being reminded of his neglected
opportunity would be interesting.
Instances might be multiplied almost indefinitely by comparing the
prices in old and present catalogues, but the instances given are
sufficient to show the great profits which might have been made by the
judicious investment of _small_ amounts in the _proper_ stamps: large
amounts would probably lower prices.
A purchase in 1882 of twenty £1 "Anchor" would not lower the market if
now offered for sale, but £500 worth would probably result in a slump.
However, it is generally a case of _Hinc illæ lacrymæ_, for the
would-be traveller on the royal road to ease and great wealth has
either never invested at all or has selected stamps which show a marked
depreciation as the years roll on--_e.g._, the Fourpence Halfpenny of
Great Britain, which was going to rise abnormally, but which has been
"unloaded" at, or even under, "face." Only a trifling instance, but it
serves to show the risks of investment in stamps when current or just
obsolete; it is safer to buy those which have during a period of some
years shown an inclination to rise steadily--but then investors and
speculators are generally impatient and won't wait.
Public-domain text, read in full here on John Shaqi.
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