Almost 50,000 value changes were made in this year s Volume 3. Leading the way is Great Britain with 4,543 changes. More than 3,700 changes were made in Germany, 3,242 in Italy, 1,771 in Indonesia and more than 1,525 in Iceland. An active market and a strong British pound combine to push British Area values considerably higher overall. In India more than 3,800 value changes were made with increases of 20% or more for stamps from the 1930s to date.

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