Nauru - Travel/Philately/Numismatics/Memorabilia Profile

Nauru, an Island nation in Micronesia in the South Pacific has a total land area of 8.1 square miles and a population of around 14,000. Nauru, the world's smallest island nation, is a phosphate rock island. The earlier source of revenue was phosphate mining and when that diminished Nauru tried its luck as a tax haven and illegal money laundering center. Internet based banking and tourism are emerging sectors.



Travel Resources: 



ResourceISBN or ASINBest PriceDescription
Countries Less Traveled Nauru DVDB002L2SD40$1530 minutes. Depicts present-day Nauru, a bankrupt nation which was at one point the second richest on earth.
Paradise for Sale: A Parable of Nature978-0520222298$19Depicts the grim history of Nauru Island that started with the discovery of phosphate. Presents a case of free-market economy being in direct conflict with sustaining the environment.
Nauru Grounded Adapter Plug Kit – GUA and GUCB0016ZS32A$15


Philatelic Profile:


The first stamps of Nauru were a set of eleven stamps released between 1916 and 1923 showing a portrait of King George V (KGV). They were ‘Nauru’ overprints on Great Britain stamps of 1912-13. The set (Scott #1 to #12) catalogs for around $95 mint and around double that for used. Another overprint on British Scott #179 was also issued during the period. That set (Scott #13 to #15) is even more valuable and catalogs for around $500 mint and around $600 for used. Before World War I, Nauru was a colony of the German Empire. It was administered by Australia, New Zealand, and the UK following a League of Nations mandate in 1919. It came under Japanese occupation during World War II and entered into trusteeship again after Japanese defeat. Nauru was declared independent in 1968.

The first original issues of Nauru were a long running set of fourteen stamps released between 1924 and 1947. The set (Scott #17 to #30a) catalogs for around $150 mint and around $260 used. The design shows a freighter. Certain varieties are extremely valuable and sought after. They include imperforated between horizontal and vertical pairs of Scott #21a that catalog for around $4.5K.

Other issues of Nauru enjoying good philatelic interest include:
  1. A set of eight stamps released between 1963 and 1965 showing Flora and Fauna. The set (Scott #49 to #56) catalogs for around $20 MNH and around $14 used. The designs show Micronesian pigeon, poison nut flower, balsam, black lizard, capparis, white tern, coral pinnacles, and nightingale reed warbler.
  2. A long set of seventeen stamps released between 1978 and 1979 showing local scenes. The set (Scott #165 to #181) catalogs for around $17 MNH and around $15 used. The designs show fisherman and family collecting shellfish, pigs foraging near coral reef, gnarled tree and birds, girl catching fish with hands, bird catching fish, girls catching fish in Buada Lagoon, Ljuw Lagoon, young girl and corral formation, reef pinnacles at Anibare Bay, pinnacles at Meneng shore, frigate bird, coconut palm and noddies, lwiyi, wading bird, frigate birds, pinnacles at Topside, newly uncovered pinnacles at Topside, and old pinnacles at Topside. Nauru lacks natural resources and its economy peaked in the early 80s when it depended entirely on phosphate deposits that originated from the droppings of sea birds.
  3. A set of twelve stamps released on July 15, 1991 in the Flowers theme. The set (Scott #380 to #392) catalogs for around $14 MNH and around the same for used. The designs show oleander, lily, passion flower, different lily, casealpinia, clerodendron, Bauhina pinnata, hibiscus, apocynaceae, bindweed, tristellateia, and Impala lily.
  4. A set of six stamps and a souvenir sheet of two stamps released on March 29, 2005 to mark the Bicentenary of the Battle of Trafalgar. The set (Scott #523 to #528 and #529a-b) catalogs for around $18 MNH or used. The designs show Aigle in action against HMS Defiance, French Eprouvette, Santissima Trinidad in action against HMS Africa, Emperor Napoleon Bonaparte, HMS Victory, Vice-Admiral Sir Horatio Nelson, Admiral Pierre Villevenueve, and Formidable.
Numismatic Profile:

The first issue of Nauru was a Republic Decimal Coinage (100 cents = 1 Australian Dollar) 10 Dollars Silver Proof showing National Arms in Obverse and Value and Ingot in Reverse. It was issued to mark the Silver Jubilee of Independence. Since then, a number of commemorative gold and silver proofs have been issued and they are valued at a slight premium over bullion value.



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 ( 35 ) best sites ( 9 ) Bill & Melinda Gates Foundation ( 44 ) Bill Ackman ( 19 ) Bill Gates ( 43 ) Blue Ridge Capital ( 16 ) Blum Capital Partners ( 12 ) books ( 4 ) Boone Pickens ( 2 ) BP Capital Management ( 2 ) Brave Warrior ( 3 ) Brave Warrior Advisors ( 19 ) british honduras ( 2 ) Bruce Berkowitz ( 19 ) Bruce Fund ( 38 ) 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 ( 41 ) Chase Coleman ( 16 ) Chou Associates ( 29 ) Christmas gifts ( 7 ) Christopher H. Browne ( 7 ) Chuck Akre ( 13 ) Cisco ( 2 ) Class Action Settlements ( 2 ) CLEP ( 1 ) Coatue Management ( 28 ) Cochin ( 2 ) coin collecting ( 266 ) collectibles ( 266 ) Consumer Product Reviews ( 29 ) cook islands ( 2 ) coonoor ( 2 ) Covered Calls ( 2 ) credai ( 4 ) Daily Journal ( 38 ) 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 ( 20 ) Donald Yacktman ( 10 ) dry bulk shipping ( 2 ) Duquesne ( 34 ) Education ( 37 ) Edward Lampert ( 21 ) Egerton Capital ( 42 ) Egypt ( 3 ) Elementary Education ( 10 ) Elementary School Textbooks ( 5 ) eReaders ( 2 ) Eric Mindich ( 13 ) ESL Investments ( 14 ) 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 ( 28 ) Family Office ( 18 ) FD Laddering ( 1 ) Financial Independence ( 93 ) Fisher Asset Management ( 10 ) Flash Camcorders ( 3 ) flat ( 4 ) flats ( 2 ) Flip ( 3 ) Francis Chou ( 29 ) free ( 17 ) frugal ( 3 ) Frugal Living ( 34 ) Fund Holdings ( 961 ) futures ( 2 ) FVE ( 2 ) gambling ( 3 ) garmin ( 2 ) Genting ( 2 ) george soros ( 27 ) giveaway ( 15 ) Glenn Greenberg ( 23 ) Glenview Capital ( 17 ) GMAT ( 1 ) Google ( 2 ) Gotham Asset Management ( 7 ) gps ( 5 ) GRE ( 1 ) Greenlight Capital ( 22 ) Guitars ( 3 ) Half Marathon ( 2 ) Hawaii ( 2 ) Hedge Funds ( 1211 ) 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 ( 3 ) invesco ( 17 ) investing strategies ( 3 ) Investment Portfolio ( 96 ) Investment Research ( 10 ) Investments ( 7 ) iRobot ( 5 ) Irving Kahn ( 16 ) israel ( 5 ) Jason Maynard ( 10 ) Jefferies ( 2 ) Jeffrey Bruce ( 39 ) Jeffrey Ubben ( 25 ) Jerusalem ( 2 ) Jim Chanos ( 20 ) Joel Greenblatt ( 7 ) John Armitage ( 43 ) John Griffin ( 16 ) John Paulson ( 17 ) Joho Capital ( 22 ) Jordan ( 3 ) Joseph Steinberg ( 9 ) Julian Robertson ( 4 ) Kahn Brothers ( 17 ) 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 ( 20 ) laptop ( 5 ) Larry Robbins ( 17 ) Las Vegas ( 2 ) Leon Cooperman ( 30 ) 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 ( 24 ) Mason Hawkins ( 4 ) MCAT ( 1 ) Melinda Gates ( 34 ) memorabilia ( 266 ) MFP Investors ( 37 ) Michael Dell ( 22 ) Michael Price ( 40 ) Middle School Education ( 4 ) Middle School Textbooks ( 3 ) Mini Notebook ( 3 ) MODUS ( 1 ) Mohnish Pabrai ( 22 ) mortgage ( 2 ) Mount Kellett ( 10 ) MSD Capital ( 22 ) Music ( 6 ) Mutual Funds ( 8 ) mysore ( 2 ) Nelson Peltz ( 16 ) Netbook ( 4 ) Notebook ( 3 ) numismatics ( 266 ) O-Duster ( 1 ) Oahu ( 2 ) offers ( 2 ) Ole Andreas Halvorsen ( 10 ) Omega Advisors ( 29 ) 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 ( 28 ) 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 ( 19 ) reading ( 5 ) real estate ( 6 ) Reducing Expenses ( 2 ) REIT ( 3 ) Retirement Portfolio ( 9 ) Reviews ( 81 ) Richard C. Blum ( 12 ) Robert Bruce ( 39 ) Robert Karr ( 22 ) Robotic Vacuum ( 4 ) Roland ( 2 ) Roomba ( 10 ) schooling ( 2 ) Sears ( 12 ) 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 ( 13 ) 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 ( 33 ) Statue of Liberty ( 2 ) Stephen Mandel ( 9 ) Stock Analysis ( 84 ) Stock Investments ( 4 ) Stock Portfolio Updates ( 6 ) stocks ( 3 ) summer ( 2 ) tax ( 7 ) TaxAct ( 3 ) TaxCut ( 1 ) Teacher's Editions ( 5 ) Technology ( 5 ) Test Prep ( 11 ) Thailand ( 3 ) Thekkady ( 2 ) theme park ( 2 ) Third Point ( 10 ) Thomas Gayner ( 43 ) Thyra Zerhusen ( 29 ) Tiger Cub ( 34 ) Tiger Global ( 17 ) Tiger Management ( 13 ) Time Square ( 2 ) TOEFL ( 1 ) TPG-Axon ( 20 ) Travel ( 278 ) Travel Reviews ( 82 ) Trian Fund Holdings ( 10 ) trip report ( 21 ) TurboTax ( 3 ) Tweedy Browne ( 10 ) Vacations ( 28 ) value investing ( 25 ) ValueAct ( 10 ) ValueAct Holdings ( 8 ) Vancouver ( 2 ) Video ( 3 ) Viking Global ( 10 ) Wallace Weitz ( 17 ) Warren Buffett ( 32 ) Wayanad ( 4 ) Weitz Investment Management ( 16 ) 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 )