In 1944, Uruguay created a set of surcharged airmails (Scott #C106-12) by surcharging seven stamps from its 1929-43 Pegasus Issue (also recommended). 10,100 sets were issued, and Scott '14 prices the unused set at $12.00.
Uruguay has issued a number of undervalued sets which I intend to cover in the future. Demand for the country's stamps is boosted by the tendency of many collectors to focus on Latin America as a region.
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.
"The Stamp Specialist" blog features wholesale buy prices for stamps which I am interested in purchasing. It includes a buy list for Uruguay. 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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