Sharp rise in value for the Mongolia 1943 set
Advice on the Stamp Market by Henry Gitner and Rick Miller
Mongolia is located in Central Asia sandwiched between two giants, Russia and China. The landlocked nation receives little rainfall and is very hot in summer and very cold in winter, resulting in little arable land. Its topography mainly includes desert, steppe and mountains.
Although it is the 18th largest country in the world by area, its population is only 3 million. About 30% of its population are nomadic herders, while 45% live in the capital, Ulaanbaatar. It is the least populated independent country in the world.
As one would expect from its geographical location, for most of its history, Mongolia has been dominated by either China or Russia. Russia gained a lasting ascendancy after the Bolshevik Revolution of 1917.
Mongolia issued its first postage stamps in 1924 under the tutelage of the Soviet Union. The Soviet Union was so involved in the production of Mongolian stamps that at one time pages of Mongolian stamps were included in Scott Publishing Co.’s Soviet Republics Stamp Album.
In 1943, Mongolia issued a set of eight picture stamps depicting local people, local scenes, and Mongolian army leader Sukhe Bator (Scott 75-82).
When we tipped this set in the Stamp Market Tips column in the January 30, 2017 issue of by Linn, the Scott catalog value for the set in unused, hinged condition was $297. Today, it stands at $3,595.
This set is both rare and in demand. Scott catalog values are in italics, indicating that the set is rarely sold, so prices are difficult to establish.
Feel free to pay the full Scott catalog value for a mint condition, hingeless set. An unused, hinged set is a great buy at around 70% of the Scott catalog value.
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