Bahrain Stamps Profile

Bahrain is is an archipelago of thirty three Islands in the Persian Gulf consisting of Bahrain itself, Muharraq, Umm an Nasan, Sitra, and several smaller islands. Its land area totals less than 300 square miles with a population of around 800,000 (that count includes over 200,000 non-nationals mostly on temporary work visas) – a very small country but very densely populated at over 3000 people per square mile. Over 80% of the population are Muslims (over 65% Shia), with about 10% Christians, and the rest from other groups. It is one of the richest countries in the Persian Gulf with a per-capital GDP (PPP) of close to $35,000 helped by oil, petroleum production & processing, and the financial industry with its status as Financial Hub of Islamic nations. Over ninety percent of the land area is a low lying desert plain with the climate categorized by mild winters and very hot & humid summers. Bahrain was part of the Persian Empire during the period from 3rd to 6th Century BC. A string of Islamic dynasties/rulers controlled Bahrain for many centuries until the Portuguese invaded the Island in 1521. During their reign that lasted 80 years, the area was managed using Sunni governors. After the expulsion of the Portuguese from the Islands in 1602, Abbas I instituted Shii’sm as the official religion in Bahrain. The present constitutional Monarchy of Bahrain headed by King Shaikh Hamad bin Isa Al Khalifa (Sunni) has roots in the Al Khalifa dynasty that came to power around 1820 – treaties with Great Britain ensured they retained the title of rulers.

Indian stamps issued by the Indian postal service sub-office in Manama starting in 1884 were the first stamps used in Bahrain. The first issues considered as Bahrain stamps were a set of fourteen Indian stamps from 1926-32 with a ‘BAHRAIN’ overprint in black issued August 10, 1933. The set (Scott #1 to #14) catalogs for around $300 MNH and around $350 Used. Two other smaller sets followed in 1934 and 1935-37. The period from 1938 to 1944 saw the 1937-40 KGV and Mail Transport and the 1941-43 KGV sets of India being reissued with the ‘BAHRAIN’ overprint in two large sets. The first set of sixteen stamps (Scott #20 to #37) is very valuable at over $800 for MNH and around half that for Used. The second set of thirteen stamps (Scott #38 to #51) catalogs for around $100 either MNH or Used.

After India’s Independence, the British Postal Service started handling the postal services of Bahrain. Their issues were “Bahrain” overprints of British stamps with the denomination also overprinted with Indian currency. The first issue consisted of overprints of eleven stamps in five different British KGVI designs (1937-42) issued 1948-49. The lower denominations of this set (Scott #52 to #61A) are very affordable and catalogs for less than a dollar. The higher denominations that have the classic KGVI and Royal Arms design and the KGVI in an ornate frame design command a premium. The highest denomination (10r on 10sh) is especially valuable at around $60. Bahrain overprints on British stamps were used until 1960. Many popular themes such as the Silver Wedding Anniversary, the Olympic issue, and the UPU issue were used for the Bahrain overprints – these issues are fairly common and trade for between less than a dollar and a few dollars largely based on denomination. In between, Bahrain issued a set of six stamps for local use only – they are significant in that they are the first original designs and show Sheik Sulman bin Hamad Al Kalifah – issued 1953-57, they catalog for around $20 MNH. A similar set was also issued for local use only in 1961 and that catalogs for around $10.

The first original design for regular use was issued on July 1, 1960 and shows the Sheik Sulman bin Hamad Al Kalifah portrait. These stamps were denominated in Gulf Rupee which replaced the Indian Rupee as Bahrain’s currency in 1959. The set (Scott #119 to #129) consisted of eleven stamps with denominations that ranged from 5np to Rs 10. It catalogs for around $30 MNH and less than half that for Used. Other significant issues of Bahrain include:
  1. A set of 12 stamps seven different local themes (Bahrain International Airport, Pearl Divers, Pier at Mina Sulman Harbor, Falcon & Horse Race, Hospitality, and mosque & emblem – all with a portrait of the Sheik in the foreground) issued on January 1, 1966. The mosque, sheik, and emblem design used in the higher denominations is especially colorful. The issue was significant in that it is the first issue after Bahrain replaced the Gulf Rupee with their own currency (Dinar & Fils) in 1965. The set (Scott #141 to #152) catalogs for around $60 MNH and less than one-third that for Used. Pearl related design is a fairly popular theme that appears frequently in Bahrain stamp designs and marks the country’s rich tradition of diving for natural pearls on its coast.
  2. A set of four stamps issued October 2nd 1971 with the Independence theme following the declaration of Bahrain Independence on August 15th 1971. The set (Scott #182 to #185) consists of two designs – “Freedom” with dove, torch, & globe and Coat of Arms. The set catalogs for around $35 MNH and around $20 Used.
  3. A miniature sheet of eight stamps depicting Arabian Stallions released on September 1, 1975. The beautiful sheet (Scott #224) catalogs for around $60 MNH and half that for used. The designs were Brown head, White Mare, Mare and Stallion, and Bedouins on horseback.
  4. A miniature sheet of eight stamps depicting Saluki Dogs released July, 1977. The sheet (Scott #256) catalogs for around $35 MNH or used. The designs were Dog and Camels, Dog and Gazelles, Dog and Ruler’s Palace, Dog’s Head, Heads of two dogs, Dog in Dunes, and Playing Dogs. The issue is significant in that Muslims (originated Bedouin tribe “Kiss of Allah” belief) regard Salukis with a patch of white in the the forehead to be blessed.
  5. A set of eight stamps released on July 16, 1979 in the “Dhows of the Arabian Gulf” theme. The set (Scott #263 to #270) catalogs for around $80 MNH or used in a block of eights. Individual stamps can be had for a slight discount. The Dhows depicted were Ghanja, Zarook, Shu’ai, Jaliboot, Baghla, Sambuk, Boom, and Kotia.
  6. A miniature sheet of sixteen stamps released on March 21, 1992 in the “Indigenous Birds of Bahrain” theme. The sheet (Scott #382) catalogs for around $25 MNH or used. Individual stamps can be had for around a dollar.
  7. A miniature sheet of twenty one stamps released on April 23, 1997 in the “Pure Strains of Arabian Horses” theme. The sheet (Scott #492) catalogs for around $40 MNH or used.
  8. A set of three stamps released on February 1, 2002 in the “Day of the Arab Woman” theme. The set (Scott #559 to #561) catalogs for around $5 MNH or used. The designs were Emblem, Emblem & Rings, and Women. Woman’s right to vote was granted for the first time in the 2002 election and this issue signify that important political step.
Read More...

Last Updated: 07/2011.
 

    Pumpkin Festival in Half Moon Bay – A Trip Report

    October also heralds in the annual Art and Pumpkin festival in Half Moon Bay for Bay Area residents. The 41st festival will be held this year October 15-16, 2011 and the festivities commence a week earlier. The event location is at Main Street off highway 92 between Spruce and Miramontes. The Scarecrow and the Pumpkin weigh-off contest happens on the previous Sunday and Monday (October 8th and 9th) respectively. Like every year, the winning gourd along with the top-five weight-off pumpkins is the prime attraction on the festival weekend.

    The route to this popular festival at Half Moon Bay from most parts of the Bay Area includes a single-lane highway for about 5 miles and public transportation is not practical. This combination calls for a travel nightmare in that area for those two days. To circumvent this, go real early and depart early. Though the festival officially is from 9 AM - 5 PM both days, the traditional pancake breakfast is served from 7 AM. The fringe benefit for the early bird is the availability of free parking in one of the side streets. Several paid parking options exist ranging from $5 and $10 for the whole day.

    The following is a summary of the main Events (click for latest event update):

    Safeway World Championship Pumpkin Weigh-Off
    The World's Greatest Gourd Growers competes on Monday, October 10, (7 a.m., on the IDES Grounds, 735 Main Street, in Half Moon Bay) for total prize money of about $20,000. There is also a mega prize of $5,000, for any grower that breaks the existing world record (1725 pounds).

    Pancake Breakfast
    The High School Varsity Basketball Team hosts the traditional Pancake Breakfast on Main Street (Kelly Avenue) both Saturday & Sunday from 7AM and provides plain or pumpkin pancakes, grilled sausage links, fresh orange juice, and plenty of Peet's coffee.

    Pie Eating Contests
    Held at the Family Fun Zone at 620 Main Street, it is a highly entertaining event with each participant devouring pumpkin pie heaped high with whipped cream – panache and power eating were considered by the audience judges. For children aged 11 and under the event is scheduled for 2 PM, and at 2:15 PM for those 12 and older on both Saturday and Sunday.

    Harvest-Inspired Art
    Hundreds of one-of-a-kind handcrafted items by America’s finest artists and craft makers are on display at over 250 booths. Worth more than a cursory look!

    Music Stages (click for latest update & schedule)

    IDES Main Stage features folk singer Jim Stevens, R.W. Smith and The California Cowboys, soul singer Willie G, The Cocktail Monkeys, Lovefool, and Caravanserai.

    The South Stage at the Gazebo features the high-energy dance band Top Secret, Rockin' Down the Hiway, Kaye Bohler, and The Bay Area Heat.

    Street Performers include Emerson, Bob Culbertson, Heartstrings Music, Kwaeh, Jeffrey Michael, The Sardine Family Circus, and a a few others.

    Family Stage (click for latest update and schedule)
    The Family Stage at 620 Main Street (Bank of America Parking lot) features Radio Disney's N.B.T. ("Next Big Thing"), the teenage wonder Amber Lily, pop and R&B singer/songwriter Jasmine Sagginario, and the Radio Disney Road Crew.

    Haunted Barn
    Located Just off Main Street and Kelly behind 505 Johnston Street (Historic 1906 Jail building) is this barn (open 9AM to 5PM both Saturday and Sunday). It features live (undead) actors from The Coastside Young Actors Workshop alongside audio-animatronic figures, projected and transparent ghosts, intense lighting, sound, fog effects, and unexpected dropping and swooping objects caused by unseen forces. Every year, creative members of the Coastside Young Actors Workshop wow visitors over with their theatrical skills, fabulous costumes, and spooky special effects. Admission is $5 per person, children 3 and under free.

    Others


    Other attractions include “Farmer Mike” carving pumpkin up and down the street, demonstrating his amazing carving skill in transforming giant pumpkins into one-of-a-kind sculptures, Coloring Contest, Costume Contest, Mobile Rock’s climbing wall ($5), and face painting ($5) booth. Add to this the myriad food options (not overly expensive for most food booths are hosted by non-profits), several beer and wine options, the “Take 5 lounge” for the couch potatoes and you have something for every taste.

    Overall, we rate this event worth every penny you opt to spend…

    Last Updated: 10/2011.

    Fleet Week in San Francisco – A Trip Report

    One of the October highlights in the Bay Area is the fleet week in San Francisco where the public get to sense the power of the US Navy on land and air. Every year, the main air-show happens on the weekend days with practice sessions on Thursday and Friday. The 2011 Dates are from October 6th through the 11th (Thursday through the following Tuesday). The ship tours are available free of charge on Saturday, Sunday, and Monday (11 AM to 4 PM, Piers 27 and 30/32) limited to 20 people at a time.

    The fleet week events are all free, but a reserved seating area at Marina Green is not – the options available are
    1. Fully-catered Flight Deck Club on Marina Green: Friday - $100, Saturday - $175 adults, $95 children 4-12, Sunday - $150 adults, $75 children 4-12 (Includes breakfast, lunch, beer, and wine),
    2. Reserved Seating on Marina Green: Saturday - $30, Sunday - $30,
    3.  Private Chalets - from 50 to 150 guests - fully catered - call 650-599-5057 or email info@fleetweek.us for details.
    The Marina Green and the Pier 39 areas are the best locations to catch the air-show. The ships open for tours are moored along Piers 27 and 30/32. The air-show event times are 11:30-5:00 PM Saturday & 1:00-5:00 PM Sunday. The vessels can be viewed between 11 AM and 4 PM (Saturday, Sunday, & Monday).

    The parade of the mighty ships on Saturday from 11:00AM officially kicks off the event – a tradition that started 100 years ago when 16 US Navy battleships flanked with dozens of escorts and 14,000 sailors entered San Francisco Bay. Those ships were part of the “Great White Fleet”’ (with the ships painted all white) that journeyed around the world. One of the objectives of fleet week then was to ensure Americans were aware of the reasons for having a strong and capable Navy and to provide an opportunity for them to experience it. The objective of the modern version of fleet week continues to be the same.

    The air-show event (Saturday & Sunday - 12:30 to 4:00 PM) comprises of several teams that puts on a performance of some sort during the event. Last year (click for latest update), the team consisted of the following teams:
    1. US Navy’s Blue Angels.
    2. US Air Force’s F16.
    3. Canadian Forces Snowbirds.
    4. US Coast Guard’s HH65 Helicopter.
    5. Airshows America’s four jet L-39 Patriots team and the 2 jet Mig-17 team.
    6. Five single small-plane events from sponsors and other aerobatic performers.
    Undoubtedly, the coveted part of the air-show belongs to the thunderous Blue Angels - six US-navy F/A-18 Hornets perform amazing synchronized aerobatics for a full hour starting at 3PM (Saturday & Sunday).

    The fleet-week ships last year included (click for latest update):

    1. USS Pinckney (DDG 91)
    2. USS Bonhomme Richard
    3. CGC Bertholf
    4. SS Jeremiah O’Brien

    Just across the Bay the show cannot be appreciated well from Alameda – the planes turn miniature and the diminished sound lags the sight. San Francisco is very crowded during this weekend and public transportation if available is the best option. For us, the most convenient option was the ferry that ran extra trips for the fleet week weekend and we reached Pier 41 at 2:45 PM. After a quick detour to Pier 39 we positioned ourselves on the return line for the ferry back at 4 PM. The reserved line area has the advantage of a terrific view and since it is a line that is blocked off by ferry personnel, that area is available at the last moment. Needless to say, the show was fantastic and the glorious feel of cheering with the crowd on a sunny day lingers on for a very long time…

    Last Updated: 10/2011.

    Carnival of road to financial independence #11











    Welcome to the September 22, 2009 edition of road to financial independence.




    Frugal Living





    oneadvice presents Credit Crunch: Luxuries We Won’t Say No To… posted at One Advice, saying, "The credit crunch is general doom and gloom when it comes to the way in which we spend our income, but there are some credit crunch luxuries which we just won't say no to..."





    Christina Taylor presents Lobster Soup posted at Lobster Blog, saying, "Lobster might not be thought of as frugal, but this recipe uses the leftover shells to obtain the rich flavour. Also, lobster is currently at a the lowest price it has been for decades. At a price similar to chicken and cheaper than steak, it's a reasonable way to get a little luxury."





    Finance Tips 101 presents Credit Card Company Tricks and Traps Every Consumer Should Know | Finance Tips 101 posted at Finance Tips 101.





    Patrick @ Cash Money Life presents Pick the Low Hanging Fruit to Get your Finances in Order Quickly posted at Cash Money Life, saying, "These are some simple steps you can take to make big wins with your personal finances. Sometimes the small wins are more important than the big wins!"





    Jason @ Redeeming Riches presents What a Cow, a Red Box and Hair Clippers Have in Common posted at Redeeming Riches, saying, "Find out what these three things have in common and how they can help you reach your goals!"





    Kate Hopkins presents 100 Money-Saving Lifehacks for Recent College Grads posted at Online Classes.org.





    Credit Answers presents Financial Tips posted at Best Debt Settlement Companies - Credit Answers, saying, "In order to be successful in your goal of becoming debt free you should create a budget for yourself. Below are a few debt advice tips to help you achieve your goals and save"





    Colin Robertson presents How Are Credit Card Minimum Payments Calculated? posted at The Truth About Credit Cards.com, saying, "One general rule you can count on is that issuers will use a certain percentage of your outstanding credit card balance, such as one or two percent, as the minimum payment."





    Buck Weber presents Ten Ways To Save Money By Staying Home posted at THE BUCK LIST, saying, "Ten frugal and fun ways to cut back on your entertainment budget."



    Passive Income





    Online Dividends presents $100 Chase Business Checking Promotion posted at Blogging Banks.





    Kawa Onatli presents How To Find The Best Affiliate Training posted at Affiliate Training Online.





    David Frosdick presents 4 Ways To Achieve Results Like Tony Robbins posted at Life, Business, Internet Marketing.





    Yee Shun Jian presents What do you want to know about Internet Marketing and Making Money Online? posted at Internet Marketing And Making Money Online | Ready, Fire, IM!, saying, "Ask me your internet marketing/making money online questions here..."



    Reducing Expenses





    Wenchypoo presents This Just In: Study Names 4 Common Ways to Cut Disease posted at Wisdom From Wenchypoo's Mental Wastebasket, saying, "I added a fifth way in the article."





    Ken Siew presents #12: How to Jumpstart Your Personal Finance! posted at Think Big & Think Money - Guide to Success & Wealth, saying, "Jumpstart your personal finance with these 3 basic steps, recommended by the Bogleheads!"





    Patrick @ Military Money presents Money Management Tips for the New Recruits and Recent Graduates posted at Military Finance Network, saying, "Basic money management tips for people going out into the "real world" for the first time. This article applies to new military recruits and recent college graduates."





    CreditCardAssist presents Credit Card Reform – How It Will Help You posted at Credit Card Assist, saying, "How the new Credit Card Reform Act will benefit consumers and cardholders when the new law takes effect in 2010."





    Smart Unemployment presents Individual Health Insurance: How To Lower Your Premiums In Three Steps posted at Smart Unemployment, saying, "Three great ways to lower the cost of your health insurance premiums."





    Four Pillars presents Back To School Cell Phone Deals posted at Quest For Four Pillars, saying, "Comparison of the best cell phone deals for students heading back to school."





    Alex presents Is Buying a Rental Property Worth it? posted at MoneyStance - Money Making Opportunity Reviews, saying, "A getting out of debt Journal where Alex is paying down a half a million dollars in debt while simultaneously evicting tenants and battling the woes of a landlord."





    Credit Shout presents Should you pay off credit card debt with your home equity? posted at CreditShout.





    Big Larry presents Five Phone Calls To Help You Save Money posted at Out of Debt Christian, saying, "Lock yourself in a quiet room, pick up the phone and see how much you can save. You may dread making these calls, but they will put money back into your pocket!"



    Stock Investments





    Nesher presents Mutual Funds: Know the Advantages and Disadvantages posted at Internet Stock Trading for Beginners.





    Jae Jun presents Warren Buffett Stock Pick Portfolio | Old School Value posted at Old School Value, saying, "A look at the intrinsic value and stock holdings of Berkshire Hathaway run by Warren Buffett. Graphs and fair value estimates included."





    greenie smith presents Go Green with Eco-DVD Cases posted at Green Packaging.





    ABC presents REITs (Real Estate Investment Trusts) – Invest In Real Estate The Easy Way posted at ABCs of Investing, saying, "A short and simple explanation of REITs - Real estate investment trusts."





    jim presents Cheap Stock Trades at Discount Stock Brokers posted at Blueprint for Financial Prosperity, saying, "Whether it's for your retirement account or regular account, you should try to reduce the commissions on stock trades in order to boost your returns."





    Darwin presents How Stock Options Work Series: Covered Call Writing posted at Darwin's Finance, saying, "Everything you need to know about how to sell covered call options for income and hedging against stocks you own."





    Dan at Everydayfinance presents Herd of Fleeing Investors Have Now Missed 55% Since March posted at Everyday Finance, saying, "This "Sucker's Rally" is now up 55% and counting. Unless you sold in March due to herding. Why attempting to market time in your retirement account is futile."





    Silicon Valley Blogger presents Scottrade Review: Top Brokerage For Small Investors posted at The Digerati Life, saying, "Thanks!"





    The Investor presents Seven ways to invest in the stock market when you’ve got no money posted at Monevator.com, saying, "Investing is like any other positive habit – you need to start investing early and repeat it often to see the benefit. The longer you put it off, the harder it will be to grow a nest egg to replace your salary or enable you to retire early."





    Banker Saver presents How Safe Is Your Retirement Fund? posted at Banker Saver.





    Investing Toolkit presents Why Trade In The Forex Market? posted at Investing Toolkit.





    Aussie Investor presents Exchange Traded Funds - ETF Investing In Australia posted at Australian Investing, saying, "Exchange Traded Funds are a simple way for investors to build a diversified investment portfolio at a low cost. In this article ETFs are looked at from an Australian perspective. What products are available, how can investors buy them and what else should they consider before purchasing an Exchange Traded Fund?"





    That concludes this edition. Submit your blog article to the next edition of
    road to financial independence
    using our
    carnival submission form.
    Past posts and future hosts can be found on our

    blog carnival index page
    .



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    Added AT&T (T) and Wrote Covered Calls on Ameritrade (AMTD) and Costco (COST)

    As twittered previously, we added AT&T (T) to our portfolio over the last month. We also wrote covered calls against our shares of Ameritrade (AMTD). The details follow:
    1. AT&T (T) on 8/27/2009 at $26.38 with around 6.25% of our overall portfolio.
    2. Wrote Jan 10, 17.5 Covered Calls on our Ameritrade shares (TQAAW) at $2.80 on 09/10/2009.
    3. Wrote Jan 10, 60 Covered Calls on our Costco shares (PRQAL) at $2.90 on 09/21/2009.
    4. Added about 6.5% cash.
    With these transactions, our cash position remained steady at around 9%. Below is our updated portfolio – it is about 12% in the red:















































































    StockBuy DateBuy PriceCurrent PriceCurrent % Of PortfolioUnrealized % ReturnYield as % of Portfolio Value
    Altria (MO) Various16.6918.043.168.120.38
    Philip Morris International (PM)1/4/200532.1948.436.2150.440.45
    Kraft Foods (KFT)Various24.0326.753.1211.300.23
    Pfizer (PFE)Various24.3716.644.85(31.71)0.30
    ICICI Bank (IBN)5/18/2006 and 08/01/200825.2835.0610.2338.710.30
    Advantage Energy Fund (AAV)11/2/200611.226.932.02(38.26)0.17
    Central Europe & Russia Fund (CEE)Various39.2331.786.49(18.98)0.03
    Patni Computers (PTI)8/10/200720.8518.315.34(12.25)0.08
    Itron Inc. (ITRI)11/07/200785.0165.853.84(22.63)None
    Anthracite (AHR)11/09/20077.971.110.32(86.07)0.00
    Harvest Energy (HTE)11/28/200721.016.341.48(69.83)0.22
    iRobot (IRBT)12/18/200718.6512.572.93(32.02)None
    LDK Solar (LDK)01/22/200830.499.191.61(69.86)None
    Aegon N.V. (AEG)04/28/200815.998.211.44(48.64)0.00
    TD Ameritrade (AMTD) – Call Value05/21/200817.68 17.504.08(1.04)None
    Costco (COST)08/01/200862.28 58.583.42(5.94)0.07
    Frontline Limited (FRO)10/06/200836.95 232.01(37.75)0.17
    DryShips Incorporated (DRYS)02/09/20096.96 6.922.83(0.63)0.00
    Plum Creek Timber (PCL)07/23/200930.50 31.387.322.890.46
    CPFL Energia S.A. (CPL)07/28/200950.45 53.596.256.230.55
    BP plc (BP)08/05/200951.49 54.416.355.670.45
    AT&T (T)08/27/200926.38 26.876.271.840.39
    Cash

















    8.99











    Total Portfolio























    (12.25)3.90



    • For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria is yet to supply the cost-basis info
    • For Ameritrade (AMTD), we wrote Jan 10, 17.5 Covered Calls on them at $2.80 on 9/10/2009. Since the current price is above exercise price, exercise price is above.
    • For Costco (COST), we wrote Jan 10, 60 Covered Calls on them at $2.90 on 9/21/2009


    Below is a summary of transactions during the year:









































































    StockBuy DateBuy PriceSell DateSell Price% Gain (Loss)% Portfolio Return*
    DryShips (DRYS) Various 11.66 01/29/2009 8.96 (23.29) (1.39)
    DryShips Feb 15 Calls (OOCBC) 01/29/20090.20 01/16/2009 2.50 922 0.58
    Companhia Siderugica Nacional (SID) Various11.03 01/29/2009 16.01 44.86 1.73
    Taiwan Semi Feb 7.5 Calls (TSMBU) ExpiredNA 01/09/2009 0.90 NA 0.77
    Taiwan Semi (TSM) 7/27/20068.70 03/03/2009 7.76 NA (0.78)
    Direxion Financial Bull 3X Shares (FAS) 03/16/20095.09 03/19/2009 6.53 28.31 1.26
    Direxion Financial Bull 3X Shares (FAS) 03/23/20095.94 03/23/2009 6.22 4.63 0.19
    Direxion Financial Bull 3X Shares (FAS) 03/24/20096.45 03/24/2009 7.12 10.30 0.44
    Direxion Financial Bear 3X Shares (FAZ) 03/26/200919.67 03/27/2009 19.91 1.22 0.05
    Direxion Financial Bull 3X Shares (FAS) 03/30/20095.49 03/31/2009 5.20 (5.35) (0.23)
    Direxion Financial Bear 3X Shares (FAZ) 04/09/200910.47 04/13/2009 11.03 5.40 0.22
    RQCDU – Ericsson April 7.5 Calls 1/21/2009NA 04/18/2009 7.50 NA 0.65
    Ericsson ADR (ERIC) 5/5/200811.83 04/18/2009 7.48 (36.80) (3.04)
    FASEB – May 10 calls on FAS 4/27/20090.58 04/22/2009 0.90 NA0.14
    FASEJ – May 8 calls on FAS 5/01/20090.93 04/30/2009 1.47 NA0.14
    Direxion Financial Bull 3X (FAS) 4/13/20099.86 06/18/2009 8.78 (10.95)(0.47)
    FASFI – June 9 calls on FAS 6/18/20090.28 05/18/2009 1.52 NA0.54
    Trina Solar (TSL) Various24.90 6/20/2009 22.50 (9.65)(1.05)
    TSLFX – June 22.5 calls on TSL 6/20/20090 05/27/2009 2.77 NA1.21
    CKSW 11/09/20074.61 07/01/2009 6.84 48.371.95
    COP 7/29/200943.08 08/05/2009 44.44 3.160.24
    Realized Gain/(Loss) YTD-----3.54



    • % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
    • The table assumes realization of profits associated with selling options only after the option is exercised or expiry.

    Bahamas Stamps Profile

    Bahamas is a country consisting of 29 islands located in the Atlantic Ocean south east of United States. Its land area totals less than 5,500 square miles with a population of around 300,000. It is one of the richest countries in the caribean with a per-capital GDP (PPP) of over $27,000 helped by growth in tourism & off-shore banking – those two industries make for over 95% of the economy. US tourists and their financial services sector make the bulk of this and so the economy is directly dependent on economic growth in the US. The Islands were uninhabited until around the 7th century. The arrival of Columbus followed by the Spaniards resulted in the depopulation of the Islands – some where taken away as slaves while others succumbed to diseases such as smallpox for which they had no immunity. Later, the Island became a haven for pirates in the latter half of the 17th century until it became a crown colony in 1718. The current population of Bahamas consists of about 85% blacks, 12% white, and the rest a mix of ethnicities – around 7000-odd loyalists that migrated following defeat in the American revolution, their slaves, and the forced settlement of other slaves following the British abolishment of slave trade in 1807 form their ancestors.

    The first stamps used in Bahamas were British stamps with an “A05” Nissau cancellation issued in 1858. Bahamas started issuing their own stamps in 1859. The first issue was a Queen Victoria Chalon Head Imperforate design in dull lake with the inscription “Interinsular Postage” (for use only for local mail) in thin paper. Used copies of this stamp (Scott #1 – 1p dull lake Chalon Head) are very valuable at over $1700. Mint copies can be had for around $60, but keep in mind that these are not as rare as remainders form the bulk of them. There are a couple of varieties in thick paper (reddish lake and brown lake) that catalog for much higher – over $2500 for Used and double that for Mint. There is also a brownish lake variety on thin paper which catalog for around $250 Mint. Perforate versions of Chalon Head design appeared in 1860 and higher denominations in 1861. The Chalon Head designs of 1861 and 1862 in three denominations (1p, 4p, and 6p) and varieties are very valuable (Scott #2 to #10) – the rarest single stamp among them is a variety of the 6p gray violet design of 1862 with a Perf of 11.5x11 or 12x11 – Mint copies (Scott #7a) catalog at close to $20,000. The same variety of the 4p dull rose (Scott #6a) is also valued close to this level. Key Type QV issues appeared in 1863 and these themes dominated the stamp issues till 1883. Most of these stamps catalog in the $100 range for lower denominations and a few thousand for higher denominations in Mint condition. Used copies catalog somewhat lower.

    The Queen’s Staircase of Nissau set of 1901 (Scott #33 to #36) was the first original design. The beautiful set catalogs for around $100 Mint and double that for Used. The period till 1930 saw just three additional designs, and certain reissues: a) two sets of stamps issued in 1902 and 1906-11 (Scott #37 to #43 and Scott #44 to #37) respectively with KEVII key type design. The former catalogs for around $450 Mint and around $650 Used while the latter catalogs for about $100 for either Mint or Used, b) two sets of stamps issued in 19012-19 and 1917-19 (Scott #47 to #56 and Scott #58 to #62) respectively with KGV key type design. The former catalogs for around $250 Mint and around $500 Used while the latter catalogs for about $120 Mint and $160 Used, and c) A KGV and Seal of Bahamas set of five stamps (Scott #65 to #69) issued in 1920. The set catalogs for around $35 Mint and $65 Used. Reissues of the Queen’s Staircase of Nissau set and certain of the KGV keytypes complete the stamp issues. The reissues are also valued in the same range as the above original issues.

    Common Designs were the most common stamps of Bahamas during the period from 1930 to 1966. Most of these sets are very common and can be had for a few dollars. Orginal designs during this period are mostly commemorative issues and as such commands a premium catalog value. Below are the significant issues:
    1. A set of five stamps (Scott #85 to #89) with the The Seal of Bahamas design commemorating the three hundredth anniversary of the colony’s founding. The set catalogs for around $90 MNH and $210 for Used.
    2. A long set of 17 stamps (Scoot #100 to #113) issued between 1938 and 1946 with a KGVI and local themes in four designs – KGVI keytype, Sea Gardens, Fort Charlette, and Flamingos in Flight. The set catalogs for around $200 MNH and about half that for Used.
    3. A long set of 14 stamps (Scott #116 to #129) issued October 12, 1942 to commemorate the 450th anniversary of the discovery of America by Columbus. It used the same KGVI design in the 1938 set with an overprint that read “1492 landfall of Columbus 1942”. The set catalogs for around $90 MNH and $65 Used.
    4. A long set of 16 stamps (Scot #158 to #173) issued January 1, 1954 showing a QEII and local scenes design. Each denomination showed different scene as follows - Agriculture, Out Island settlement, Native Strawwork, Fishing Fleet, Water Skiing, Dairying, Transportation, Paradise Beach, Hotels, Yacht Racing, Sisal (a local fleshy plant that yields a stiff fiber used in rope making), Ship Building, Tuna Fishing, Salt Production, and Parliament Building. The set catalogs for around $60 MNH and around $20 Used.
    5. A set of 16 stamps (Scott #204 to #218) issued January 7, 1965 showing a QEII and local scenes design. This set has a colorful multicolor design compared to the much more conservative single color design used in the 1954 set. The set catalogs for around $35 MNH and $20 Used. The themes were Badge, Princess Margaret Hospital, High School, Flamingo, Liner "Queen Elizabeth", Island Development, Yachting, Public Square, Sea Garden, Cannons, Seaplane and Jetliner, Under water postoffice (film project), Conch Shell, and Columbus Flagship
    Bahamas started issuing colorful stamps partly aimed at collectors starting in 1967. Significant issues include:
    1. A set of 18 stamps (Scott #313 to #330) in the recurring QEII and local scenes design released in 1971. The set catalogs for around $30 MNH and $45 Used. Several variations of the same design were released in different sets in 1973, 1976 (2), and 1978. All of these sets cataog in the same range as the 1971 set.
    2. A set of four stamps and a souvenir sheet (Scott #625 to #629) in the Pirates of the Caribean theme released in 1987. The set including the Souvenir sheet catalogs for around $30 MNH and $20 Used.
    3. A long set of 16 stamps (Scott #1007 to #1022) in the Birds and Eggs theme released in 2001. The set catalogs for around $50 MNH or Used. Similar long sets were also released in 1990 (Bird Set – Scott #709 to #724), 1987 (Fish Set – Scott #604 to #618a), and 1995 (Seashells Set – Scott #849 to #864). The denominations ranged from 5c to $10 and sport catalog values in similar range.
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    Last Updated: 07/2011.
     

      Azerbaijan Stamps Profile

      Azerbaijan is a country in Western Asia bordered by the Caspian Sea, Russia, Georgia, Armenia, and Iran. Azerbaijan also has an exclave called Nakhichevan which is bounded by Armenia, Iran, and Turkey. Its land area totals less than 34,000 square miles with a population of close to nine million. Azerbaijan proper also includes the disputed landlocked area of Nagorno-Karabakh, a mountainous area of over 3000 square miles in the South Western region – 75% of the inhabitants in the region are Armenians and after the conflict with Armenia over this area that culminated in 1994, the region is autonomous. Azerbaijan’s population is predominantly (~95%) Muslim (~85% Shia and the rest Sunni), but it is a secular state. The per-capita GDP is respectable at close to $9,000 helped by its status as a hub in the transportation of oil, gas, and other raw materials to Europe and other global markets, the energy sector, and economic reforms.

      The first stamps of Azerbaijan were crude but colorful imperforate set of ten stamps (Scott #1 to #10) in the National Republic theme in four different designs (Standard Bearer, Farmer at Sunset, Baku, and Temple of Eternal Fires). The set is very affordable at around $5 for Mint and $25 for Used – the Temple of Eternal Fires issue in Blue, Red, and Black (Scott #9) is the most valuable at $20 for Used. The 2nd set of stamps released in 1922 is a classic set of fifteen (Scott #15 to #29) in the Soviet Socialist Republic theme in nine different designs depicting Baku scenes & certain Global symbols (Symbols of Labor, Oil Well, Bibi Eibatt Oil Field, Khan’s Palace Baku, Globe and Workers, Maiden’s Tower, Goukasoff House – State Museum of Arts, Blacksmiths, Hall of Judgement) – these were also imperforate stamps but the single color conservative design stands in stark contrast to the colorful earlier design. These stamps are also very affordable at $5 Mint and about 50% more for Used. The fact that the first twenty five stamps are so affordable makes for another unique quirk – counterfeits exist and they usually sell for a premium compared to the genuine copies.

      1923 saw stamps of the Transcaucasian Federated Republics which consisted of the former autonomies of Azerbaijan, Georgia, and Armenia replacing Armenian issues. The designs were mostly Russian symbols and overprints on certain Armenian stamps. The first stamps issued in a set of 8 consisted of Russian stamps of 1909-17 overprinted and surcharged in Black or Red. The set catalogs for around $50 MNH and a little less for Used. Another set (Scott #14 to #21) of eight stamps in two different designs (Oil Fields and Soviet Symbols) soon followed. It catalogs for around $10 MNH and about thrice that for Used. The republic existed only till October of that year. A set of semi-postal issues were also used in Baku province between 1922 and 1924. These are valuable – the 1922 set (Scott #301 to #309) with the ““Bakinskoi P. K.” (Baku Post Office) overprint catalogs for over $700 Mint and the 1924 set of fifteen stamps (Scott #312 to #333) with a similar overprint catalogs much higher at close to $2500. Russian stamps replaced stamps of Azerbaijan from 1924 till 1991. Counterfeits exist on both the original stamps (Scott #32 to #80) and the overprints.

      The first stamp of Azerbaijan after independence was issued on March 26, 1992 (Scott #350) with a Flag & Map design. The stamp catalogs for less than $2 for either MNH or Used. Other significant recent issues include:
      1. A sheet of three stamps and a souvenir sheet (Scott #582 and #583) released on June 7, 1996 to commemorate the 3000th anniversary of Jerusalem. Two of the designs are significant in that the structures are important to multiple religions: 1. Dome of the Rock (Christianity – site of the church of Holy Wisdom, Judaism – location of their holiest site – Foundation Stone, Islam – Foundation Stone – holiest site after Mecca & Median – spot where Mohammud ascended to heaven). Both the souvenir sheet and the set of stamps are very affordable at less than $5 for MNH or Used, and 2. Wailing Wall (a holy site claimed by both Jews and Muslims).
      2. The birds set of six stamps (Scott #591 to #596 and #597 – a souvenir sheet) released June 19, 1996. The beautiful set depicts the following birds in a distinct multi-colored fashion - Shaft-tailed Whydah, Yellow-mantled Widowbird, Black-hooded Oriole, Eurasian Golden Oriole, Common Starling, and Yellow-fronted Canary. The design uses light shades of a single color to form the background and using multicolors to depict the bird.
      3. A souvenir sheet released October 16, 2002 (Scott #741) depicting the Turkish world-cup soccer team that finished third in the championships. Global themes such as the Olympics and world soccer appear frequently in Azerbaijani stamp designs, but this issue is significant in that it portrays another country’s achievement – it follows the theme of President Heydar Aliyev who proclaimed Azerbaijan and Turkey are “one nation with two states” due to their common culture, history, and language intelligibility.
      4. A stamp depicting a pictorial of the Baku-Tibilisi-Ceyhan (BTC) pipeline released April 8, 2003 to mark the beginning of construction of the pipeline which transports oil from the Azerbaijan's Azeri-Chirag-Guneshli oil field in the Caspian Sea to the Turkish port of Ceyhan through Tibilisi in Georgia. The stamp (Scott #749) is also very affordable at less than $3 for MNH or Used.
      5. A stamp depicting a map of Nakhchivan, the autonomous exclave of Azerbaijan was released on January 3, 2004 to commemorate the 80th anniversary of the provinces status as an autonomous republic. The stamp (Scott #767) catalogs for around $3 MNH or Used.
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      Last Updated: 07/2011.
       

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