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. The numbers don't add up for me as to the true catalog value for this issue? 
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the 75c is the result of a 25c minimum for a stamp, ANY stamp. This is an instance where it would have been better (assuming those values are accurate, and I'm not saying they are) to have listed only the intact SS. They often list complete sets only as set values, so it seems odd to have made a SS show less than its components
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10:30:43pm
Two things:
The stamps Scott lists as 593-595 do not come from the souvenir sheet. They are sheet stamps, perf 14.
The souvenir sheet stamps are perf 13 x 14 and are not catalogued individually.
Face value. It's not pounds sterling, but Israeli Pounds, The reason Israel stamps of that period are so cheap is because of the massive inflation they suffered in the 1970s that wiped out the value of the Pound to the point where they replaced the currency with the Shekel in 1980.
From the IMF (International Monetary Fund):
The pace of inflation then rose rapidly, first to double digit levels in the early 1970s as expansionary policies continued, to annual rates that averaged 35 percent in 1974–77, then to rates around 125 percent in 1980-83, and finally to annual rates that peaked at over 450 percent in 1984-85.
Roy
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Thank you for taking the time to provide this excellent explanation. Oft times Scott's entries, especially footnotes leave something to be desired. For instance, the monetary comment in the catalog re., #595a, could have provided a little more information.
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The 2020 Scott's Catalog pricing for Israel #595a Souv. Sheet has me baffled and opinions will be welcomed. This S/S is listed at $.35 MNH. Whereas, if the the three (3) stamps MNH were obtained individually the price would be $.75 per the catalog. Additional confusion for me is the S/S cost (Face Value) was 4 pounds Sterling upon purchase in 1976; as noted by Scott's and printed on the S/S. Today, a pound Sterling coverts to $1.24 in U.S Dollars. The numbers don't add up for me as to the true catalog value for this issue?
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re: Scott's Catalog Israel Stamp/Souvenir Sheet confusion
the 75c is the result of a 25c minimum for a stamp, ANY stamp. This is an instance where it would have been better (assuming those values are accurate, and I'm not saying they are) to have listed only the intact SS. They often list complete sets only as set values, so it seems odd to have made a SS show less than its components
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15 Apr 2023
10:30:43pm
re: Scott's Catalog Israel Stamp/Souvenir Sheet confusion
Two things:
The stamps Scott lists as 593-595 do not come from the souvenir sheet. They are sheet stamps, perf 14.
The souvenir sheet stamps are perf 13 x 14 and are not catalogued individually.
Face value. It's not pounds sterling, but Israeli Pounds, The reason Israel stamps of that period are so cheap is because of the massive inflation they suffered in the 1970s that wiped out the value of the Pound to the point where they replaced the currency with the Shekel in 1980.
From the IMF (International Monetary Fund):
The pace of inflation then rose rapidly, first to double digit levels in the early 1970s as expansionary policies continued, to annual rates that averaged 35 percent in 1974–77, then to rates around 125 percent in 1980-83, and finally to annual rates that peaked at over 450 percent in 1984-85.
Roy
4 Members
like this post.
Login to Like.
re: Scott's Catalog Israel Stamp/Souvenir Sheet confusion
Thank you for taking the time to provide this excellent explanation. Oft times Scott's entries, especially footnotes leave something to be desired. For instance, the monetary comment in the catalog re., #595a, could have provided a little more information.
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this post