CORONATION STAMPS

Grey River Argus, 13 August 1937, Page 5

CORONATION STAMPS

j WOMAN’S “BIG DEAL.” LONDON, July 3. The complete jubilee set of 249 stamps, worth at date of issue about five guineas, are still being sold at prices ranging from £2l to £25. Stamp collectors and speculators are wondering whether the Coronation issue will repeat this extraordinary story. The Coronation set of 202 stamps, representing the Crown Colonies and most of the Dominions, can be obtained for £3 7s 6d. What the price maj' be shortly cannot be guessed, but as at least one of the sets—that of Southern Rhodesia—is already obsolete and the price 10s, with the promise of an early rise, there is sufficient prospect of a handsome profit to excite the speculator. How great has been the demand for the Coronation stamps is indicated by the fact that a woman dealer, prominent in the trade, bought over £16,000 of the issue from the Crown agents to the Colonies from whom wholesalers obtain their supplies. The boom in the issue has indeed surprised the stamp trade. “We anticipate that the demand would be somewhat similar to that for the Jubilee issue,” said a wellknown stamp dealer, “but as a matter of fact the orders we have received are ten times greater. We have had to establish a separate department, where, for a whole month a staff of 30 has done nothing but break up the sheets into sets and dispatch them to our clients. “The demand has been world-wide. The interest in America is particularly keen. We have been surprised, too, by the orders received from collectors in such countries as Bulgaria, Rumania and Austria.”