“Rare” Myanmar new issue: a warning!

It’s up to you, of course, but I’d think twice before parting with this sort of price for the latest Myanmar “rare” new issue. It was “rare” for exactly five days. Let me explain …

The two highest values of the new set – re-using the old musical instrument designs first seen in 1998 – came out normally in July. Then, without warning, Yangon GPO put on sale four more values, two for K200, two for K500, on 14 September. A few collectors were lucky enough to find out what was going on and make a few fdc’s. As soon as they posted about it on Facebook, the postal authorities had the sales halted. A simple misunderstanding – the instructions had been to distribute the new stamps to area post offices that day, not sell them.

The four new stamps disappeared from the GPO counter. Would they become rarities or not? Sadly, not. On the 19th post offices nationwide put them on regular sale. And thousands upon thousands are still available.

K200 or K500 is about – what? – the price of a coffee? Something like that. So beware speculative prices that hype up the “rarity” – soon these will be selling for next to nothing …

Advertisements