To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. In an event of significance for the tens of thousands of philatelists who collect covers, the Franklin Mint, a premier creator of medallics, is entering the realm of cacheted first-day covers. A special division, the Franklin Philatelic Society, has been established to develop and market stamp - related products that, at least initially, will be primarily official stamp issues on first-day covers in limited editions. The first offering of the new philatelic unit will take the form of a collection of first - day covers bearing stamps issued by foreign countries to mark the Bicentennial of the American Revolution.
The collection will be an officially recognized commemorative of the American Revolution Bicentennial Administration, the Federal agency coordinating Bicentennial observances. Among the 40 or more covers to be included in the collection will be issues from Ireland, West Germany, Israel, Isle of Man, Monaco, Luxembourg, Jamaica, St. Lucia, Great Britain, Cook Islands, Cayman Islands and Netherlands Antilles.
According to Charles L Andes, president of. Franklin Mint Corporation, the step was taken after an extended, comprehensive study of the philatelic market and was undertaken in the hope that Franklin philatelic products will attract one million new collectors by the end of the decade.