Hello Gandhi Philatelist,
USA was 2nd country in the world to issue Mahatma Gandhi stamp in 1961 after India.
After 52 years this first day cover with 4 USA stamps of Mahatma Gandhi is selling for $1.79. (still available). This USA stamps are listed in Scott catalog as 1174 and 1175.
Now think if USA First Day Cover has only one stamp than what will be the value.? Might be 20-45 cents.!!
I think it is still expensive because this USA stamps were printed in very large quantity along with lot of first day cover are still available because stamp collection hobby of collecting USA stamps and USA first day cover at that time.
Also stamp collection hobby is declining so it's very hard to keep up the price.
Read my following blog post to understand about stamp collection in DECLINE.!!
1) A Hobby in Decline : 1948 Gandhi USED cover case study.!!
2) A Hobby in Decline.!! - Part-2
3) How to invest when philately price is dropping.
If you see stamps are not even selling or selling like 5-10 times lower their value than mentioned in catalog.!!
Now let's talk about 1948 India Gandhi stamps.
Even official 1948 Gandhi Memorial Folder from Post & Telegraph department of India with all 4 Gandhi stamps are selling for $137.!! (To me it looks that seller is Genuine as there are multiple copies of folder and also you can enlarge it to see in detail).
You will see blank folder selling for $150.!!! which was sold for 10 paise (1/10 rupee) or 7 US cents in 1948.!!
It's nothing but waiting to swallow your money.!!
There is nothing RARE or Scare in philately because this hobby is in downward trend because experienced collectors are loosing interest because value is not appreciating and new collectors are not coming in to this because there are lot of other things to do for them such as playing video games on Nintendo or X-box , social networking on facebook or google+ or surfing on web through internet or SMS through iphone or android or watch games such as cricket, football or basketball.!!
Only way philately can sustain is to stop cheating in this hobby. Yes CHEATING.!! which is what you will see in order to increase value artificially by inflating the price by SHILL bidding, not paying to seller or mutual understanding cancelling transaction and lot more.
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) 1948 Expensive Gandhi FDC : Are False hope of Riches - Part IV?
5) 1948 Gandhi Stamps Early Usage cover : Gandhi Stamps Are False hope of Riches - Part V?
6) Maxi Card sold for $5100 with 1948 Gandhi Stamps - False hope of Riches - Part VI?
7) Indian Philately Exposed
8) Indian Philately Exposed - Part II
9) Gandhi SERVICE overprint stamp price fell from $1009 to $1.!!
10) How can you tell that Gandhi SERVICE stamp is FAKE or Forgery ?
I hope all the above will help while making decision in investing stamps and to avoid getting CHEATED.!!
Now don't you think it does NOT make sense STAMP INVESTING!! or even Collecting.!!!
It's a GAME.!!
So let's see how to play Philatelic Game.!! (click to read how to, rules and regulations.!!)
Thanks
Gandhi Stamps Club.
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