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Saturday, October 8, 2011

Stamp Investment Tip: Honduras 1964 Olympics (C336-44, C344 Note)

In 1964, Honduras issued a set of airmail stamps and two souvenir sheets honoring the Olympics (Scott #C336-44,C344Note,C344 2nd Note ). 20,000 sets and 5,000 of each souvenir sheet were issued, and Scott '11 prices them unused at $12.55, $40.00,and $50.00, respectively. Also, a small portion of the sets were overprinted for Official Use (Scott #CO111-19; CV = $25.25). The sets and souvenir sheets have worldwide appeal as Olympics/Sports topicals.

Honduras is a nation of about 7 1/2 million people, which has recently undergone a coup d'etat and constitutional crisis which threatened a reversion to dictatorship. The economy, which is largely dependent on agriculture and mining, has continued to grow, but the distribution of wealth remains very polarized, with average wages remaining low. 50% of the population still remains below the poverty line. Annual GDP growth has averaged 3.5% over the last five years, reflecting a 3% contraction in 2010 due to the reverberations of the global financial crisis.

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

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