I have not seen such a decline in price in any investment in a year.!! But this is possible in some non commodity (other than gold , diamonds, housing etc).investment where there are lot of forgeries, fake bidding etc.
In April 2012, two 1948 India Gandhi stamps FDC was sold for $8600 and $8500, but in March 2013 similar FDC was sold for $1440!!
What a decline.!! Almost lost $7000.!!
I am not sure whether this are even following black color is Genuine FDC as this are not officially issued by Post & Telegraph department of India.!! (Black color can hide all kind of rubber stamp cancellation.!!)
Also this are not RARE.!! In past 4 years I had seen more than 40+ for sale on eBay only.!!
We all know how many different types of 1948 "Jai Hind" cancellation is available. Click following link to read biggest forgery of all times in philatelic and you understand what are chances of this.!!
Can this FDC is fantasy of some collector/dealer.!! like we saw in 2009 Gandhi special Cancellation from Winnenden Germany ? but never got caught !!
There are lot of possibilities, we need to think before we buy anything for collection.!!
As we all know how much shill bidding happens in Gandhi stamps and philatelic material and also how many buyer don't pay to seller so I am also not sure whether 960 pound is real auction price as it's very hard to find out real price.!!
I wrote blog post about why Gandhi FDC are sold at this much price. You can read it by clicking following link.
Also there is no CATALOG for philatelic material so it's hard to find out real value as it's HIGHLY INFLATED by various ILLEGAL or CRIMINAL ways of Cheating, Shill Bidding, Not Paying seller, False feedback etc.
So what even if it there was catalog then also it's useless because you will not get lesser money.!! Read my previous blog post about "Catalog value £175, Sale price £6"
So now what do you think.?
"Stamp Collection Decline in Investment.!! Are 1948 Gandhi FDC on black cover are Genuine or Fantasy !!"
Do you really think that it was indeed sold at $8600.?
Do you think this is just to show you (us) that this Gandhi FDC are very high priced item and collectible item for INVESTMENT?
Recently similar cover was for sale for $7000 from "stamp_bay", but NO buyer.!!
Click one of the following link and you will become smarter.!!
1) Philatelic FAKE and FORGERIES.
2) FAKE AERO PHILATELY Covers.
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 after looking above blog posts?
Gandhi Stamps Club