Micronesia - Travel/Philately/Numismatics/Memorabilia Profile

Micronesia, a group of over 600 Islands in the North Pacific Ocean between Hawaii and Indonesia has a total land area of 271 square miles and a population of over 107,000. Subsistence farming, fishing and high-grade phosphate are the contributors to its economy. The country, comprising of countless islands, is aiming to snap out of its current economic conditions by riding on the financial assistance by US. Its geographical isolation and almost non-existent infrastructure are the major hurdles to its tourism growth. The six thousand and odd ‘stone money’ scattered over the island of Yap gives it a quaint historical appeal.

Travel Resources: 

The country beckons with crystal clear ocean water, beautiful beaches, tropical greenery, and culturally rich villages. The most developed island Saipan whips up an entire package – beach activities, golf, shopping, nightclubs and world-class seafood restaurants. The major activities are snorkeling, kayaking, diving and swimming. American and Asian cooking heavily influences the country’s cuisine.


ResourceISBN or ASINBest PriceDescription
Micronesia and Palau – Other Places Travel Guide978-0982261934$18Good maps, excellent pictures, and great suggestions on what to see and do. Authors spent a cumulative 13 years in the islands as Peace Corps volunteers.
Universal World Wide Travel Charger Adapter PlugB001MGUB9Q$4

Philatelic Profile:

The first stamps of Micronesia were a set of four stamps released on July 12, 1984 showing islands of Micronesia. The set (Scott #1 to #4) catalogs for around $2 MNH or Used. It was released to mark the Postal Service Inauguration. The Spanish colonies that formed the islands were bought by Germany in 1899. Following World War I, it was mandated to Japan. After World War II, it became a part of the US Trust Territory of the Pacific in 1947. Micronesia started issuing their own stamps in 1984 although USPS continued to carry mail to and from the islands. It became a sovereign state (Federated States of Micronesia – FSM) in free association with the US on November 3, 1986. Micronesia released a stamp on November 4, 1986 depicting the first Micronesian passport. That stamp (Scott #53) is also inexpensive and catalogs for less than a dollar.

Other issues of Micronesia enjoying good philatelic interest include:
  1. A sheet of eighteen stamps released on November 18, 1991 in the Pohnpei Rain Forest theme. The set (Scott #149a-r) catalogs for around $13 MNH and around the same for Used. The designs show Pohnpei Fruit Bat, Purple Capped Fruit-dove, Micronesian Kingfisher, Birdnest Fern, Island Swiftlet, Long-billed White-eye, Brown Noddy, Pohnpei lory, Pohnpei Flycatcher, Caroline Ground-dove, White-tailed Tropicbird, Micronesian Honeyeater, Ixora, Pohnpei Fantail, Gray White-eye, Blue-faced Parrotfish, Cicadabird, and Green Skink. Pohnpei is the largest single island in the FSM and has a wealth of biodiversity. It has four endemic species of birds – Pohnpei Lorikeet, Pohnpei Fantail, Pohnpei Flycatcher, and Long-billed White-eye. Pohnpei is one of the wettest places on earth with certain mountainous locations recoding annual rainfall that exceeds 300 inches.
  2. A sheet of nine stamps and souvenir sheets released on October 6, 1997 in the Ocean Exploration theme. The set (Scott #269a-I and Scott #270 to #272) catalogs for around $15 MNH or Used. The designs show a deep sea equipment, a portrait of the corresponding scientist, and the year: Simon Lake, Argonaut, 1897, William Beebe, Bathysphere, 1934, Auguste Piccard, Bathyscaphe, 1954, Harold Edgerton, Deep-sea Camera, 1954, Jacques Piccard, Trieste, 1960, Edwin Link, Main-in-Sea Project, 1962, Melvin Fisher, Search for Treasure, 1971, Robert Ballard, Alvin, 1978, and Sylvia Earle, Deep Rover, 1979. The souvenir sheets show Wyville Thomson, Deep-sea Dredge, Shinkai 6500 exploring bottom of sea, and Jacques-Yves Cousteau.
  3. A set of thirteen stamps released on December 30, 2002 in the Birds theme. The set (Scott #525 to #537) catalogs for around $55 MNH or Used. The designs show Greater flame-backed woodpecker, Red-tailed Tropicbird, Hair-crested Drongo, Pale White-eye, White-backed Munia, Yap Monarch, Eclectus Parrot, Sulphur-crested cockatoo, Giant White-eye, Green Magpie, and Dollarbird.
Collectible Memorabilia:

Jewelry, silks and handicrafts like baskets and trays are popular as souvenirs.


ResourcePrice RangeDescription
Miscellaneous Collectibles$2 and upPostcards, patches and pins start around $2.


Numismatic Profile:


Micronesia uses US currency. Certain coins minted privately appear in the numismatic market periodically. They are not very collectible yet.


Last Updated: 12/2015.

No comments :

Labels

401k ( 15 ) Abad Turtle Beach ( 1 ) Abrams Capital Management ( 5 ) Acoustic Electric Guitars ( 1 ) Acoustic Guitars ( 1 ) ACT ( 1 ) Activist ( 4 ) Address Change ( 2 ) Advanced Placement ( 4 ) air asia ( 2 ) airlines ( 2 ) Akre Capital Management ( 18 ) Alex Roepers ( 5 ) AP ( 4 ) apartments ( 2 ) Appaloosa ( 15 ) ARIUS ( 1 ) Arlington Value Capital ( 3 ) Atlantic Investment Management ( 5 ) Ayemenem ( 1 ) Bangalore ( 3 ) Bangkok ( 2 ) Bannerghatta National Park ( 1 ) barbuda ( 2 ) Battery Park ( 1 ) Baupost ( 2 ) Baupost Group ( 17 ) bay area ( 2 ) BDCs ( 3 ) Benjamin Graham ( 2 ) Benjamin Graham Model ( 2 ) Berijam Lake ( 2 ) Berkshire Hathaway ( 30 ) best sites ( 9 ) Bill & Melinda Gates Foundation ( 15 ) Bill Ackman ( 19 ) Bill Gates ( 16 ) Blue Ridge Capital ( 15 ) Blum Capital Partners ( 12 ) books ( 4 ) Boone Pickens ( 2 ) BP Capital Management ( 2 ) Brave Warrior ( 3 ) Brave Warrior Advisors ( 12 ) british honduras ( 2 ) Bruce Berkowitz ( 19 ) Bruce Fund ( 13 ) Camcorders ( 3 ) canada ( 4 ) cancun ( 3 ) CANROYs ( 7 ) Cantillon ( 12 ) carl icahn ( 9 ) Carl Ichan ( 8 ) casino ( 3 ) Casio ( 2 ) CBRE ( 2 ) CEF ( 2 ) Charles Akre ( 15 ) Charlie Munger ( 16 ) Chase Coleman ( 15 ) Chou Associates ( 20 ) Christmas gifts ( 7 ) Christopher H. Browne ( 7 ) Chuck Akre ( 13 ) Cisco ( 2 ) Class Action Settlements ( 2 ) CLEP ( 1 ) Coatue Management ( 15 ) Cochin ( 2 ) coin collecting ( 266 ) collectibles ( 266 ) Consumer Product Reviews ( 29 ) cook islands ( 2 ) coonoor ( 2 ) Covered Calls ( 2 ) credai ( 4 ) Daily Journal ( 16 ) Dalal Street ( 8 ) Dan Loeb ( 10 ) DAT ( 1 ) David Abrams ( 5 ) David Einhorn ( 22 ) David Swensen ( 17 ) David Tepper ( 15 ) David Winters ( 15 ) DCF ( 2 ) Digital Piano ( 3 ) Dinakar Singh ( 15 ) Donald Yacktman ( 10 ) dry bulk shipping ( 2 ) Duquesne ( 20 ) Education ( 37 ) Edward Lampert ( 16 ) Egerton Capital ( 15 ) Egypt ( 3 ) Elementary Education ( 10 ) Elementary School Textbooks ( 5 ) eReaders ( 2 ) Eric Mindich ( 13 ) ESL Investments ( 11 ) ESPP ( 6 ) ETF ( 2 ) ETN ( 2 ) Eton Park ( 13 ) Everyday Musings ( 58 ) Exam Prep ( 7 ) Exiting the rat race - how to? ( 19 ) EXPLORE ( 1 ) Fair Value Estimates ( 4 ) Fairfax Financial ( 4 ) Fairfax Financial Holdings ( 14 ) Fairholme ( 19 ) Fairpointe ( 15 ) Family Office ( 5 ) FD Laddering ( 1 ) Financial Independence ( 93 ) Fisher Asset Management ( 10 ) Flash Camcorders ( 3 ) flat ( 4 ) flats ( 2 ) Flip ( 3 ) Francis Chou ( 20 ) free ( 17 ) frugal ( 3 ) Frugal Living ( 34 ) Fund Holdings ( 798 ) futures ( 2 ) FVE ( 2 ) gambling ( 3 ) garmin ( 2 ) Genting ( 2 ) george soros ( 21 ) giveaway ( 15 ) Glenn Greenberg ( 16 ) Glenview Capital ( 10 ) GMAT ( 1 ) Google ( 2 ) Gotham Asset Management ( 7 ) gps ( 5 ) GRE ( 1 ) Greenlight Capital ( 22 ) Guitars ( 3 ) Half Marathon ( 2 ) Hawaii ( 2 ) Hedge Funds ( 817 ) HELOC ( 1 ) High School Education ( 7 ) High School Textbooks ( 6 ) HOA ( 3 ) hobby ( 17 ) holiday shopping ( 7 ) Holidays ( 3 ) Holyland ( 11 ) Home Improvement ( 2 ) home ownership ( 5 ) Homes ( 18 ) Homeschool ( 18 ) Houses ( 2 ) Housing ( 3 ) Hykon ( 2 ) Ian Cumming ( 15 ) Icahn Enterprises ( 6 ) india real estate ( 5 ) Infinuvo ( 6 ) Insurance ( 2 ) invesco ( 17 ) investing strategies ( 2 ) Investment Portfolio ( 94 ) Investment Research ( 10 ) Investments ( 7 ) iRobot ( 5 ) Irving Kahn ( 10 ) israel ( 5 ) Jason Maynard ( 10 ) Jefferies ( 2 ) Jeffrey Bruce ( 15 ) Jeffrey Ubben ( 12 ) Jerusalem ( 2 ) Jim Chanos ( 15 ) Joel Greenblatt ( 7 ) John Armitage ( 15 ) John Griffin ( 15 ) John Paulson ( 17 ) Joho Capital ( 15 ) Jordan ( 3 ) Joseph Steinberg ( 9 ) Julian Robertson ( 4 ) Kahn Brothers ( 10 ) Kakkanad ( 4 ) Kanyakumari ( 2 ) Kawai ( 2 ) Ken Fisher ( 10 ) kerala real estate ( 5 ) Kids ( 49 ) Kids Yamaha ( 3 ) Kindle ( 2 ) kochi ( 8 ) Kodaikanal ( 2 ) Korg ( 2 ) Kraft ( 2 ) Kuala Lumpur ( 2 ) KWA ( 2 ) Kynikos ( 15 ) laptop ( 5 ) Larry Robbins ( 10 ) Las Vegas ( 2 ) Leon Cooperman ( 16 ) Leucadia ( 2 ) Leucadia National ( 13 ) Lone Pine Capital ( 9 ) long ( 6 ) long call ( 2 ) long puts ( 3 ) Lou Simpson ( 15 ) LSAT ( 1 ) Mahabalipuram ( 2 ) Malaysia ( 3 ) Marathon ( 2 ) Mark McGoldrick ( 10 ) Markel ( 16 ) Mason Hawkins ( 4 ) MCAT ( 1 ) Melinda Gates ( 9 ) memorabilia ( 266 ) MFP Investors ( 15 ) Michael Dell ( 17 ) Michael Price ( 15 ) Middle School Education ( 4 ) Middle School Textbooks ( 3 ) Mini Notebook ( 3 ) MODUS ( 1 ) Mohnish Pabrai ( 21 ) mortgage ( 2 ) Mount Kellett ( 10 ) MSD Capital ( 17 ) Music ( 6 ) Mutual Funds ( 5 ) mysore ( 2 ) Nelson Peltz ( 9 ) Netbook ( 4 ) Notebook ( 3 ) numismatics ( 266 ) O-Duster ( 1 ) Oahu ( 2 ) offers ( 2 ) Ole Andreas Halvorsen ( 10 ) Omega Advisors ( 16 ) online tax ( 4 ) ooty ( 2 ) Options ( 4 ) Pabrai Fund ( 17 ) passive income ( 7 ) pattaya ( 2 ) Paulson & Company ( 7 ) Paulson and Company ( 9 ) PEG ( 2 ) Pershing Square ( 19 ) Phil Fisher ( 5 ) philately ( 283 ) Philippe Laffont ( 15 ) Piano ( 9 ) PLAN Test ( 1 ) portfolio ( 4 ) Prem Watsa ( 17 ) product reviews ( 13 ) Property Taxes ( 2 ) PSAT ( 1 ) R2I ( 24 ) R2I Finances ( 3 ) R2I Housing ( 5 ) Raising Kids ( 41 ) Rat Race ( 15 ) RBS Partners ( 14 ) reading ( 5 ) real estate ( 6 ) Reducing Expenses ( 2 ) REIT ( 3 ) Retirement Portfolio ( 9 ) Reviews ( 81 ) Richard C. Blum ( 12 ) Robert Bruce ( 15 ) Robert Karr ( 15 ) Robotic Vacuum ( 4 ) Roland ( 2 ) Roomba ( 10 ) schooling ( 2 ) Sears ( 11 ) seeking alpha ( 2 ) Services - Reviews ( 33 ) Seth Klarman ( 19 ) Shipping ( 5 ) Shopping ( 3 ) short ( 5 ) short calls ( 2 ) short put ( 2 ) short puts ( 2 ) short selling ( 9 ) Ski ( 5 ) Sled ( 4 ) Solar Stocks ( 13 ) Soros Fund Management ( 14 ) Southeastern Asset Management ( 4 ) Southwest ( 2 ) spin-offs ( 2 ) SQ Advisors ( 15 ) stamp collecting ( 283 ) Stanley Druckenmiller ( 20 ) Statue of Liberty ( 2 ) Stephen Mandel ( 9 ) Stock Analysis ( 84 ) Stock Investments ( 4 ) Stock Portfolio Updates ( 6 ) stocks ( 3 ) summer ( 2 ) tax ( 6 ) TaxAct ( 3 ) TaxCut ( 1 ) Teacher's Editions ( 5 ) Technology ( 4 ) Test Prep ( 11 ) Thailand ( 3 ) Thekkady ( 2 ) theme park ( 2 ) Third Point ( 10 ) Thomas Gayner ( 16 ) Thyra Zerhusen ( 15 ) Tiger Cub ( 32 ) Tiger Global ( 16 ) Tiger Management ( 13 ) Time Square ( 2 ) TOEFL ( 1 ) TPG-Axon ( 15 ) Travel ( 278 ) Travel Reviews ( 82 ) Trian Fund Holdings ( 9 ) trip report ( 21 ) TurboTax ( 3 ) Tweedy Browne ( 10 ) Vacations ( 28 ) value investing ( 12 ) ValueAct ( 5 ) ValueAct Holdings ( 6 ) Vancouver ( 2 ) Video ( 3 ) Viking Global ( 10 ) Wallace Weitz ( 10 ) Warren Buffett ( 30 ) Wayanad ( 4 ) Weitz Investment Management ( 9 ) wilbur ross ( 17 ) William Von Mueffling ( 12 ) Wintergreen Advisors ( 15 ) Yacktman Asset Management ( 10 ) Yale Endowment ( 17 ) Yale University ( 7 ) Yamaha ( 7 ) YDP ( 1 ) YPG ( 1 )