Nigeria - Travel/Philately/Numismatics/Memorabilia Profile

Nigeria, a country in West Africa bordered by Benin, Chad, Cameroon, Niger, Gulf of Guinea, and the Atlantic Ocean has a total land area of 356,667 square miles and a population of over 152 million. Africa’s most populous country, Nigeria is among the fastest growing economies of the world. It is among the 11 Global Growth Generator countries of the world and has a strong economic partnership with US. Its natural resources coupled with established financial, legal and communications sectors has qualified it for middle income status. The country has great mining and agriculture potential, given its underexploited mineral resources and underutilized arable land. The government is challenged with tapping tourism effectively. Other significant contributors to its economy are petroleum, manufacturing (leather, car, processed food, plastics, etc.), and movies. However, its human rights record leaves a lot to be desired.

Travel Resources: 

November through May are the best time to visit country for game viewing. With its varied landscape, it is noted for its biodiversity. The notable  parks are Mambilla, Gumti National Park, Cross River National Park, Yankari Game Reserve, and Kainji Lake National Park. Other attractions include the beautiful beaches Owu Falls, Eleko, Lekki, Calabar Beach, Tarkwa, and Coconut Beach. Nigerian cuisine is rich, spicy, and flavorful – a wide spectrum of enjoyable dishes abound. The dishes can be based on rice, beans, or meat. Yams, cassava and corn are also used extensively.


ResourceISBN or ASINBest PriceDescription
Nigeria Bradt Travel Guide978-1841622392$22Best guide book for travelers to Nigeria! Part I is a detailed traveler’s information covering 90 pages. Part II has sections on Lagos, Southwestern Nigeria, Southeastern Nigeria, Central Nigeria, East and Northeast Nigeria, and Northern Nigeria.
My Nigeria: Five Decades of Independence978-0230620230$18An immensely readable account of the history of Nigeria presented in a personal manner.
Nigeria Travel Map978-1553413523$121:6,000,000 Scale.
Nigeria Grounded Adapter Plug Kit – GUD and GUFB0016ZU3BY$14

Philatelic Profile:

The first stamps of Nigeria were a set of twelve stamps released between 1914 and 1927 that were King George V (KGV) key types in different colors and denominations. The set (Scott #1 to #12) is rare and sought after and catalogs for around $320 mint and around $420 used. A short set with a subset of the colors and denominations were also issued. That set (Scott #13 to #17) catalogs for around $70 mint and around $250 used. KGV key types along with certain common design types formed the primary stamp issues of Nigeria during the period till 1935. The first original issues of Nigeria were a set of twelve stamps released on February 1, 1936 showing local scenes. The set (Scott #38 to #49) catalogs for around $325 MNH and around the same for used. The designs show a portrait of KGV along with Wharf at Apapa, picking cacao pods, dredging for tin, timber, fishing village, ginning cotton, Minaret at Habe, Fulani cattle, Victoria-Buea Road, oil palms, View of Niger at Jebba, and Nigerian Canoe. The Niger area was united as the Colony and Protectorate of Nigeria in 1914. It gained independence from the United Kingdom on October 1, 1960.

Other issues of Nigeria enjoying good philatelic interest include:
  1. A set of twelve stamps released on September 1, 1953 showing local scenes. The set (Scott #80 to #91) catalogs for around $50 MNH and around $10 for used. The designs show Manilla Currency, Bornu Horseman, Peanuts at Kano City, mining tin, Jebba Bridge over Niger River, cocoa industry, Olokun Head, logging, Victoria Harbor, loading palm oil, Goats and Fulani Cattle, Lagos Waterfront, and 19th and 20th centuries contrast.
  2. A set of fourteen stamps released between 1965 and 1966 showing Fauna. The set (Scott #184 to #197) catalogs for around $60 MNH and around $30 used. The designs show lioness and cubs, elephant family, splendid sunbird, weaverbirds, cheetah, leopard and cubs, saddle-billed storks, gray parrots, kingfishers, crowned cranes, antelopes, giraffes, hippopotami, and buffalos. The designer’s name Maurice Fievet appears on the set at the right or left.
  3. A set of four stamps released on October 24, 1984 in the Rare Bird Species theme. The set (Scott #462 to #465) catalogs for around $8 MNH or used. The designs show pin-tailed whydah, spur-winged plover, red bishop, and francolin.
  4. A set of three stamps released on November 30, 1998 to mark the eighth anniversary of Military Co-operation Organization (ECOMOG). The set (Scott #688 to #690) catalogs for around $7 MNH or used. The designs show Silhouette of Ship, Flag colors of Gambia, Ghana, Guinea, Mali, Nigeria, Senegal, Sierra Leone, Flag colors of Gambia, Ghana, Nigeria, Guinea, Mali, Senegal, Sierra Leone, Niger, Ivory Coast, Benin, and Burkina Faso.
Numismatic Profile:

The first coins of Nigeria were British Protectorate of Nigeria Pound Sterling Coinage Bronze Pennies released in 1959. The issues had very high mintage upwards of 50M and catalogs for around a dollar for UNC. Proofs have a mintage of a few thousands but are valued remarkably low at a few dollars. Prior to this, coinage of British West Africa along with certain tokens were used. British Colony Decimal Coinage (100 Kobos = 1 Niara) was introduced in 1973 with the issue of Bronze Kobos. Those also have very high mintage (over 100M) and are valued at upwards of $2 for UNC. Nigeria has also issued a few commemorative gold proofs over the years starting with the 1000 Naira 1.401 troy ounce issue of 1994 to mark 100 years of banking in Nigeria. The issue has very low mintage (100) and is valued at a sizable premium over bullion value.

Numismatic items of Nigeria include:


ItemPrice RangeDescription
Coins$2 and upCommon UNC Kobos from the 1970s onward starts around $2. Recent Year sets start around $10. Proof Sets from the 1950s onward in Original Presentation Box go into the 100s.
Paper Money$2 and upCommon UNC Nairas starts around $2. Recent UNC Replacements, High Value UNCs, etc starts around $10. Recent Bundles, Year Sets, etc start around $50. Poundage Era Large Notes in XF, Rare Poundage Era Specimens, 1000-piece bundles, etc go well into the 100s and 1000s.


Collectible Memorabilia:


ResourcePrice RangeDescription
Gemstones$2 and upGenuine 1ct Tourmalines start around $2. Brass Bead Hair Decorations, Livestock Bells, etc start around $30. Agate stone beads, Dark Green Emerald in the 1ct range, 7-layer Chevron Beads, etc go into the 100s. Huge (over 10ct) VVS Tourmalines can go into the $1000 range.
Antiques$10 and up19th century maps, lost wax cast brass beads, bells, etc start around $10. Yoruba Diviners Belts start around $50. Yoruba Figurines, Ibibio Masks, Eket Masks etc go into the 100s. Chamba Spirit Masks, Ekoi Two Faced Crest Masks, Ogoni Bronze Figures etc go into the 1000s.
Art$10 and up19th century antique prints start around $10. Carved Wood Tribal Art Figures start around $50. Authentic Tribal Oil Paintings go into the 100s.


Related Posts:

  1. Cameroon
  2. Nigeria
  3. Cameroons (UKTT)

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 ( 14 ) Bill Ackman ( 19 ) Bill Gates ( 15 ) Blue Ridge Capital ( 14 ) 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 ( 14 ) Chase Coleman ( 14 ) Chou Associates ( 19 ) Christmas gifts ( 7 ) Christopher H. Browne ( 7 ) Chuck Akre ( 13 ) Cisco ( 2 ) Class Action Settlements ( 2 ) CLEP ( 1 ) Coatue Management ( 14 ) Cochin ( 2 ) coin collecting ( 266 ) collectibles ( 266 ) Consumer Product Reviews ( 29 ) cook islands ( 2 ) coonoor ( 2 ) Covered Calls ( 2 ) credai ( 4 ) Daily Journal ( 14 ) 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 ( 14 ) Donald Yacktman ( 10 ) dry bulk shipping ( 2 ) Duquesne ( 19 ) Education ( 37 ) Edward Lampert ( 15 ) Egerton Capital ( 14 ) Egypt ( 3 ) Elementary Education ( 10 ) Elementary School Textbooks ( 5 ) eReaders ( 2 ) Eric Mindich ( 13 ) ESL Investments ( 10 ) 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 ( 14 ) Family Office ( 5 ) FD Laddering ( 1 ) Financial Independence ( 93 ) Fisher Asset Management ( 10 ) Flash Camcorders ( 3 ) flat ( 4 ) flats ( 2 ) Flip ( 3 ) Francis Chou ( 19 ) free ( 17 ) frugal ( 3 ) Frugal Living ( 34 ) Fund Holdings ( 775 ) 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 ( 794 ) 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 ( 14 ) Jeffrey Ubben ( 12 ) Jerusalem ( 2 ) Jim Chanos ( 14 ) Joel Greenblatt ( 7 ) John Armitage ( 14 ) John Griffin ( 14 ) 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 ( 14 ) laptop ( 5 ) Larry Robbins ( 10 ) Las Vegas ( 2 ) Leon Cooperman ( 15 ) 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 ( 14 ) Mason Hawkins ( 4 ) MCAT ( 1 ) Melinda Gates ( 8 ) memorabilia ( 266 ) MFP Investors ( 14 ) Michael Dell ( 16 ) Michael Price ( 14 ) Middle School Education ( 4 ) Middle School Textbooks ( 3 ) Mini Notebook ( 3 ) MODUS ( 1 ) Mohnish Pabrai ( 21 ) mortgage ( 2 ) Mount Kellett ( 10 ) MSD Capital ( 16 ) 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 ( 15 ) 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 ( 14 ) 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 ( 13 ) reading ( 5 ) real estate ( 6 ) Reducing Expenses ( 2 ) REIT ( 3 ) Retirement Portfolio ( 9 ) Reviews ( 81 ) Richard C. Blum ( 12 ) Robert Bruce ( 14 ) Robert Karr ( 15 ) Robotic Vacuum ( 4 ) Roland ( 2 ) Roomba ( 10 ) schooling ( 2 ) Sears ( 10 ) 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 ( 8 ) 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 ( 19 ) 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 ( 14 ) Thyra Zerhusen ( 14 ) Tiger Cub ( 31 ) Tiger Global ( 15 ) Tiger Management ( 12 ) Time Square ( 2 ) TOEFL ( 1 ) TPG-Axon ( 14 ) 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 )