7th Jul 2015 09:55
LONDON (Alliance News) - Rare stamp and collectibles retailer Stanley Gibbons Group PLC on Tuesday said its annual stamp indices have shown rises in prices for both investment-grade and rare stamps of Great Britain.
The company said its GB250 index, which tracks the prices of the top 250 investment-grade British stamps, increased 2.1% between 2014 and 2015.
Meanwhile, its GB30 Rarities index, which tracks the prices of the 30 rarest British stamps, rose by 2.4% over the period.
"The indices show steady, sustained and sustainable growth in British stamps. Tangible, heritage assets now increasingly form part of a balanced portfolio. As we continue to see economic uncertainty, uncorrelated alternative assets such as rare stamps and coins are being sought to buffer market volatility," said Keith Heddle, the managing director of Stanley Gibbons Investments.
Stanley Gibbons shares were down 1.2% to 250.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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