Ghana Gandhi Stamps - Does value of Gandhi FDC makes sense.!!

Hello Gandhi Collectors,

Ghana is a country located in West Africa. It is bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south.

The Gold Coast achieved independence from the United Kingdom in 1957 and the name Ghana was chosen for the new nation to reflect the ancient Empire of Ghana, which once extended throughout much of west Africa.

On December 24, 1998 Ghana issued 4 stamps(each 2000 Ghana Cedi) Miniature sheet  of Mahatma Gandhi with pictures of his famous Dandi March (Salt Satyagraha) and various age portrait. Also this sheet has quotes of Mahatma Gandhi.  (Not sure why they issued in  December instead of October 2nd !!). Also Ghana  issued another Miniature sheet of Mahatma Gandhi value 5500 Ghana Cedi. 

So total 5 stamps (2 Miniature sheet) were  issued in 1998 by Ghana.

In September 2011, FDC of this Miniature sheet was sold for only $1.29.!!  Ghana 1998 Gandhi IMPERF Sheetlet FDC.

Seller : stamp_bay (USA)
Buyer : adityamootha (India)
Date : Sep 3, 2011
Price Sold :- $ 1.29 (less than a $2!!)

To me all 1998 Gandhi FDC from African and South American countries looks like questionable (more than 10-15 countires.!!!!)

It's surprising to see this kind of price for Gandhi Philatelic material.

I am not sure how much catalog value of this FDC but I think $1.29 is under stamp catalog value.!!

But I am sure it is selling under face value, as in 1998 $1=2300C. So above miniature sheet, in 1998 was somewhere between $4-5 when it was sold in Ghana.!!

What a decline.!!

 The Ghana cedi was introduced on 3 July 2007 and is equal to 10,000 old cedis. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007

1 US Dollar = 1.62689 Ghanaian New Cedi   (16000 Old Cedi)

Following is another miniature sheet. Not sure about current pricing but I will update in future.

So looking to all this, it seems to me that Gandhi Stamps are not for investment as $4 invested in 1998 is currently getting only $1.!! which is 300% decline in value.

After looking to this value to me it looks like no one wants to collect stamps in this modern world, because there are lot of others things to do, such as play video games on ipad, xbox, gamecube or on internet surf on web or facebook or lot of other outdoor activity such a hiking, skating, running etc or watch different shows on TV or sports games such as Cricket or Football or Basketball or just talking on smartphone or chating.!!

After all this kind of things you don't get any more extra time to pursue your hobby of stamp collection were not that many people are involved and you feel like retard when you talk to friends.!!

Also there are lot of cheating such as Forgery stamps, Shill bidding, BOGUS philatelic material  involved in stamps collection.

Want to know more about FAKE and FORGERY stamps then checkout other blog post click one of the following link and you will be surprised.!!!

1) Philatelic FAKE and FORGERIES.
3) Stamp collection CHEATING.
4) Stamp Collection Value
5) Stamp Collecting Facts
6) China stamp collection value.
7) First AirMail Post
8) World First Flight Cover
9) Greatest Stamp Collection Scandal 
10) Biggest stamp collection SCAM
11) SCANDAL in stamp collection 
12) How to increase stamp collection value

Now does it make sense to collect stamps ?

Gandhi Stamps Club

No comments:

Post a Comment


Related Posts Plugin for WordPress, Blogger...