Gandhi Stamps 1948 Mourning FDC : Expensive FDC : Are Gandhi Stamps false hope of riches - Part IV

Hello Gandhi Stamp Collectors,

ગાંધી સ્ટેમ્પ્સ સમૃદ્ધિનો ખોટી આશા છે?

After looking all my previous blog post do you believe that following 1948 Gandhi FDC are valued $8600 - $8500 ?

For me this is not worth more then $700-$900!!

"Are Gandhi Stamps FALSE hope of Riches?"

To understand above quote please read my previous blog post on this series.

1) 1948 Stamps False hope of Riches?
2) 1948 Gandhi Stamps: Are False hope of Riches - Part II ?
3) 1948 Gandhi Mourning Private FDC : Are False hope of Riches - Part III?
4) Current one!!

Is it not amazing that selling just 2 FDC seller got $17000 (yes seventeen thousand US dollars) in this economic were all countries in world are dealing with global meltdown but buyers from Indian Philately market is booming even though S&P rating is India is downgraded.!!

I am not sure were the money is coming is from.!!

But who cares as seller is from USA and until US government is getting some benefit of this by getting US federal income states.!!

Also ebay stockholder loves it. They are getting big share in this because they will almost get 7-10% cut from this sale.!! which is $1200 - 1700!! ( I hope ebay get's it if seller or buyer don't cancel this transaction.!!)

Do you really think ebay shareholder is getting from this transaction or IRS (US government tax) is getting benefit from Gandhi Philately.!!

Buyer is famous/rich from India (as per ebay profile, but might be different) who in past has bought very expensive Gandhi Philately material.!!

Following is ebay screenshot of bidder list.

If this is a real transaction then it will make one of the most expensive FDC with 1948 Gandhi stamps. It will also give very good rate of return.!!

Rupees 15 invested in 1948 is getting 400,000 rupees in 60 years.!! So someone has to pay income tax/capital gain tax (long term) on this.!!!

Also there is one more auction for similar FDC is ending today for which starting bid is $8500!!!

This kind of things are happening in almost each and every 1948 high value 1948 India Gandhi FDC/Used Covers.!! So take care. You are on your own.!!


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