Why collecting stamps has become a popular financial investment

South Africa News News

Why collecting stamps has become a popular financial investment
South Africa South Africa Latest News,South Africa South Africa Headlines

Quietly, as befits such a sedentary pursuit, philately has emerged as one of the hottest and most fashionable pastimes in the world.

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 61%

On 4 April 2022, the first class postage stamp rate went from 85c each to 95c for a standard letter, but someday in the future those very stamps may be worth keeping as an investment.

In terms of weight, stamps are the most valuable commodities you can buy. A well-balanced collection of stamps won’t, obviously, produce an income but should provide substantial capital growth. There are four reasons why stamps make such a sound investment. The first is growing demand. This comes from various sources including:

One area of obvious interest to readers of this publication is that of collecting Irish stamps. Between 1840 and 1922, we used British stamps, which are referred to as ‘GB Used in Ireland’.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

RTEbusiness /  🏆 16. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-17 02:18:33