Earlier this year I wrote an article about how to invest in non-denominated stamps, eg: Canada’s Permanent Stamps.
I purchased a coil of stamps at 63 cents each with the assumption that as the price of stamps increase over time (like they have been doing throughout history) my stamps would also increase in value to match the domestic postage price at any present time in the future. Well last week Canada Post announced that next year these stamps are going to cost 85 cents each when bought in a coil or booklet 🙂 And they will cost 100 cents each if bought individually. The changes will take effect at the end of March 2014.
This is great news for myself and any readers who have followed my investment idea. That’s a 35% (85/63) return on stamp investment in less than one year （⌒▽⌒）Many small businesses who send a lot of letters are angry about the planned price hike, so that means there is a good amount of demand for stamps out there adding liquidity in the stamp market 😉