The U.S. commemorative marking the 50th anniversary of Lindbergh's solo transatlantic flight of 1927 will apparently go on sale May 20 in the vicinity of Manhattan - very likely close by the old Roosevelt Field area on Long Island. Postmaster General Benjamin Bailar has announced that he will present Mrs. Charles A. Lindbergh with an album on the night of May 20, containing the stamps issued "earlier that day."

The presentation will be made at a "Spirit of St. Louis" dinner, to be held at New York's Waldorf Astoria Hotel, under the auspices of the Charles A. Lindbergh Memorial Fund, established to provide grants to young people in the fields of aeronautics, research, exploration and conservation.

The design of the stamp will be unveiled March 28 at a ceremony in the Smithsonian's National Air and Space Museum, where "The Spirit of St. Louis" is a featured display.

First-day arrangements, including the specific site, will be announced later, possibly as part of the unveiling ceremony. A number of cites, including St. Louis, sought the first-day-of-issue designation.

St. Vincent, following the lead of Barbuda in a modified form, has released 12 stamps for the Elizabeth II silver jubilee portraying all of the kings and queens of England from William I (1066 A.D.).

Four monarchs appear on each of the first eight stamps, three feature a trio of relatively recent rulers and the top value ($2) shows Elizabeth II leaving Westminster Abbey. Barbuda ran afoul of the Scott catalog publishers by releasing 37 "Monarchs of England" stamps (through Victoria) in 1970.

It is possible St. Vincent's "Kings and Queens" outpouring will meet a similar fate, since a souvenir sheet appeared also, with one example of each of the dozen stamps, and a souvenir booklet was also prepared (which had reportedly been oversubscribed before the issue was announced).

According to the St. Vincent Philatelic Services in Kingstown, 190,000 complete sets were printed, plus 81,000 souvenir sheets and 25,000 booklets.

Belgium's 1977 stamp program gets under way Feb. 14 with a single stamp noting the opening of the observances for the 400th anniversary of the birth of P.P. Rubens. Before they year ends there will have been a total of 35 special issues, more than half of them semi-postals.

France is one of the more prolific stamp-issuing nations; one thing makes its stamps especially attractive to stamp collectors. Each stamp has the year of issue somewhere in its commemorative design.

Among the earliest issues of the present year are single stamps for Alsace, Reunion, Brittany and Martinique. A Corot "art" stamp is due Feb. 14.

Austria has three special stamps scheduled for February release. One marks the 600th anniversary of the birth of poet Oswald von Wolkenstein; a second notes the 250th anniversary of the birth of Joseph Freiherr von Jacquin (botanist), and the third publicizes the Indoor Handball World Championship, Group B.

The Charles S. Queens collection of United States fractional currency and stamps will be sold at auction Monday, Tuesday and Wednesday by Robert A. Siegel, 120 East 56th St., New York.

A computer printout of over 6,000 stamps issued during 1976 showed that 112 topical subjects were represented, according to American Topical Association Handbook 90a ($4), compiled by Ruth Y. Wetmore. ATA's headquarters is at 3308 North 50th St., Milwaukee, Wisc. 53216.

There have been more than 300,000 stamps issued since 1840, according to Scott Publishing Co. The firm's International Postage Stamp Album now runs to 10 volumes. Volume 1 covered all stamps issued from 1840 to 1940, whereas Vol. 10 houses only issues from mid-1974 to mid-1975.

A five-session course on the fundamentals of stamp-collecting will be given from 7 to 9 p.m. on Monday evenings from March 7 through April 4 at the University of Maryland's Center of Adult Education. Joseph Houppert of the University will be the instructor, and the fee will be $35.

The George Washington Masonic Stamp Club will hold its annual meeting next Sunday in Alexandria, followed by a dinner at the Twin Bridges Marriott Hotel. Details are available from Herman J. Lichty, 4532 47th St. NW, Washington, D.C. 20016.

The only international philatelic exhibition officially sponsored by the Federation Internationale de Philatelie this year will be held in Amsterdam, The Netherlands, from May 28 through June 5. Theo. Van-Dam, P.O. Box 26, Brewster, N.Y. 10509 is the U.S. commissioner.

A spring meeting of the American Philatelic Society will take place April 1-3 in New Orleans. A writer's breakfast is on the schedule, during which selected individuals will be added to the Hall of Fame roster of philatelic writers.

Major national shows will be available for those who cannot take the time for a European jaunt. The National Philatelic Exhibitions of of Washington (NAPEX) will sponsor its biannual show May 6-8 at the Marriott Twin Bridges Hotel, and will host the spring gathering of the Society of Philatelic Americans (P.O. Box 1543, Arlington, Va. 22210 for details).

Denver's ROMPEX show (May 20-22) will have the Germany Philatelic Society convention - and a Bureau of Engraving and Printing souvenir card. The show will be at the Regency Inn, and a prospectus and other details may be obtained from ROMPEX, P.O. Box 2352, Denver, CO 80201. COINS

Performances of United States coins in terms of their effective rate of compound interest have been chartered by James M. Bieler of Lanham, Md., in his "Coin Charts of United States Coins." The compilation covers a five-year period (1973-1977), with prices based on R.S. Yoeman's "Guide Book of United States Coins" (popularly referred to as the Red Book).

Beler has compiled thousands of percentages of gain and loss covering a five-year period, and has capped the recording of each coin with three-and five-year effective rates of compound interest. He has stressed that his compilation offers no investment advice, because of the many variables involved. Instead, he has sought to provide the means through which the render can do an analysis.

For the present, Bieler's publication ($5) is available from Coin Charts, P.O. Box 725, Lanham, Md. 20801. It is expected copies will be at coin dealers in the near future.

Bieler has concluded that the best investments in the past five years have been early dated gold coins; proof and uncirculated gold coins; proof and uncirculated silver coins (except uncirculated Morgan dollars) dated before the design changes in the early part of this century, and Liberty Seated material in practically all conditions.

Each coin type leads off with an overall review according to condition.Curiously, coins in "good" condition have fared better than those worthy of a "fine" or "very fine" rating.

As expected, uncirculated and proof coins have shown the greatest appreciation - in several instances as much as 40 per cent annual compound interest, and sometimes more.

Uncirculated two-cent coins of 1869 and 1870, for example, appreciated 51 per cent-plus over a three-year period. An uncirculated 1941-S Lincoln cent had a 58.7 per cent advance in the same period.

Some questions about the Yoeman (Western Publishing Co.) pricing in the annual editions of the "Red Book" come to the fore after the tables in Bieler's study are reviewed.

A 1941-D Lincoln cent, for example, showed no change in the 1973, 1974 and 1975 editions, and then shot up 100 per cent in the 1976 guide. In fact, it is obvious uncirculated Lincoln cents were virtually ignored in 1973 and 1974.

Mercury dimes have fared well in all conditions, while Roosevelt 10-cent coins are not even mentioned. Barber quarters (1892-1916) gained more logically in the progression of condition ratings and "good" Washington quarters from 1932 to 1950 outperformed those in the uncircultaed category.

Franklin 50-cent coins showed the greatest gain when extremely fine (fine and very fine pieces were not considered worthy of study).

Bieler has provided two other overall treatments, showing compound percentage increases of individual coin types by mint, and by price range.

Liberty Walking half dollars, as an example, showed that San Francisco coinage posted the greatest gains when uncirculated, and coins within the $100 to $250 price range ended up with the highest compound percentage increase (51.1) over a three-year period.

Denver's Liberty Standing quarters topped the facility rating, while the major action (by far) was in the $10 to $25 grouping. And, rather curiously, San Francisco Lincoln cents were virtually matched by the Philadelphia and Denver output.