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Monkey stamps may be investors¡¯ next gold mine

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China¡¯s newly issued Lunar New Year monkey stamps are becoming a surprise hit for disappointed investors amid unstable gloomy markets such as stocks, the exchange rate and real estate.

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The stamps, issued on Jan 5, are sold out soon after release and are experiencing a rocketing increase in value, china.com.cn reported.

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The resale price increased from 420 yuan on the day of issue to 820 yuan within a week, 21 times its face value of 38.4 yuan.

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A merchant in Changchun, Jilin province is surprised by the price surge of the monkey stamp market, saying: "I¡¯m quite experienced in the stamp market but cannot understand the unreasonable price of the monkey stamps."

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The crazy price does have its reasons.

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The stamps are the first sign of the Chinese zodiac to be commemorated in the fourth series of China¡¯s zodiac stamp collection.

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The monkey stamps contain two designs. One is a monkey holding a peach as a symbol of good luck; the other one is a female monkey carrying two babies, a hint of China¡¯s two-child policy.

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The designer is 92-year-old Huang Yongyu who designed the first monkey stamps 36 years ago.

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The price of stamps commemorating the 1980 Year of the Monkey has rocketed to a historical high.

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As the first of its kind, the stamps are sought-after items, with a single stamp fetching 12,000 yuan ($1,820), considerably more than its original face value of 0.8 yuan. A complete set sells for 1.5 million yuan.

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