Chinese Golden Monkey stamp

Chinese Golden Monkey stamp
The "Golden Monkey" or "Gēngshēn Monkey", stamp issued on 15 February 1980 by the People's Republic of China.

The Chinese Golden Monkey Stamp was a postage stamp issued in China in 1980 of which 5 million copies were printed and which therefore cannot be regarded as rare but which has come to symbolise the strong market for collectable postage stamps in Asia. Demand for the stamp has made it one of the most sought after contemporary Chinese stamps.[1]

Contents

Description

Technical details

The stamp was designed by Huang Yongyu and Shao Bolin and printed by the photogravure and recess printing methods. It is perforated 11.5.[2]

Chinese New Year stamps

The stamp is in the popular Chinese Zodiac series for the Chinese new year, the most recent of which is the 2011 Year of the Rabbit stamp which sold out at post offices in China within a few hours.[3][4] In Chinese culture the number 8 and the colour red are both seen as lucky.

Philatelic value

Although the stamp was initially common, it is frequently offered at Asian philatelic auctions. Despite having a very low value when issued, a full sheet of this stamp sold for 1.2 million yuan ($180,000) in 2011 with a single stamp selling for 10,000 yuan ($1,500), which was 125,000 times more than its original price of 8 fen.[5] The stamp had a catalogue value of US$10 unused and US$5 used in 1988.[6]

Forgeries

The stamp has become so valuable that it has been repeatedly forged.[7]

See also

References

  1. ^ http://www.nytimes.com/2010/11/19/fashion/19iht-acagstamp.html?_r=1&pagewanted=1 Retrieved 2 February 2011.
  2. ^ Stanley Gibbons Stamp Catalogue Part 17 China. 7th edition. London: Stanley Gibbons, 2006, p.136. ISBN 0852596391
  3. ^ "Who said modern stamps were not a lucrative investment?" World Stamp News, January 30, 2011, accessed January 20, 2011
  4. ^ "Rabbit Stamp Ignite the Collection Frenzy" CRI English.COM, January 8, 2011, accessed February 1, 2011
  5. ^ "Rare stamps of Chinese zodiac "Golden Monkey" auctioned for 1.2 million RMB". People's Daily Online. January 5, 2011. http://english.peopledaily.com.cn/90001/90782/7251554.html. Retrieved January 11, 2011. 
  6. ^ Page 592, Scott 1989 Standard Postage Stamp Catalogue: Volume 2 Featuring Countries of the World A-F, Scott Publishing Co. (1988), softcover, 1160 pages, ISBN 0-89487-109-9
  7. ^ http://www.stamp2.com/library/forensic/1.asp Retrieved 2 February 2011.

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