Between 1922 and '33, British Honduras issued a definitive set portraying George V (Scott #92-104). 24,000 of the $5 high value (Scott #104) were issued, and Scott '11 values the unused set at $ 397.75 and #104 alone at $275.00. I recommend purchase of either the complete set or the high value.The stamps of British Honduras have a potential dual market among both collectors of British Commonwealth in general and British Honduras/Belize in particular, but I believe that for the foreseeable future, most of the demand for its better stamps will come from the Commonwealth collectors.
Belize is a small, developing country of about 320,000 people, with an economy based largely on agriculture, although tourism, construction, and oil production have recently assumed greater importance. Annual GDP growth has averaged about 3.5% over the last 5 years.
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