Search This Blog

Sunday, January 2, 2011

Stamp Investment Tip: Uruguay 1929 Winged Triangle Parcel Post (Scott #Q39-45)

In 1929, Uruguay issued a triangular parcel post set picturing wings, implying rapid delivery (Scott #Q39-45). A mere 2,950 sets were issued, and Scott '11 values the unused set at $20.00.

This is yet another example of a neglected and ridiculously undervalued back-of-book issue - as scarce as hen's teeth and difficult to find in any condition. Scott has ignored it because it has only recently begun recognizing the effects of the "stealth bull market" in Latin America, and while it has significantly increased catalogue values on the more obvious regular issues, semi-postals, and airs, it has ignored the more obscure "back-of-back-of-book" items. Such issues are almost impossible to locate, yet are absurdly underpriced and will remain so even if their catalogue values increase by twentyfold.

With a population of about 3 1/2 million people, most of whom are of European or mixed descent, Uruguay has a stamp collecting population which will probably approach European levels in the years to come. Uruguay is one of the most economically developed, politically stable and least corrupt countries in Latin America, and is moving away from its dependence on agricultural exports and toward development of commercial technologies, especially software. Annual GDP growth has averaged a little over 3% over the last 5 years.

I have begun a new blog, "The Stamp Specialist", which will feature wholesale buy prices for stamps which I am interested in purchasing. It includes a buy list for Uruguay, and includes the set recommended in this article. Viewing dealers' buy lists every now and then is an excellent way to keep current on the vagaries of the stamp market.

No comments:

Post a Comment