Stamp Investment Tip: Uruguay 1944 Surcharged Airmails (Scott #C106-12)

  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.

Stamp Investment Tip: Uruguay 1927 Montevideo Philatelic Exhibition (Scott #330-32)

   In 1927, Uruguay issued a set of three imperforate stamps picturing the Montevideo Post Office in celebration of the Montevideo Philatelic Exhibition (Scott #330-32). 20,000 sets were issued, and Scott '14 prices the unused set at $14.25. The sets were issued in sheets of 4, and Scott prices these at a slight premium (#330a-32a; CV = $60.00).

  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 will features 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.

Stamp Investment Tip: Uruguay 1935 Visit of Pres. Vargas to Brazil (Scott #463-68)

In 1935, Uruguay issued a set of six stamps commemorating the Visit of Uruguayan President Vargas to Brazil (Scott #463-68). The stamps show allegories of "Uruguay" and "Brazil" holding the Scales of Justice. Only 10,000 sets were issued, and Scott '12 prices the unused set at $6.80 .

Most of the sets were probably used as postage and discarded, as Uruguay's economy was in crippled by the worldwide Depression of the '30s, and the only Uruguayans who could afford to collect its stamps were to be found among members of the oligarchy.

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.

Stamp Investment Tip: Uruguay 1936-44 Artigas (474-83C)

From 1936-44, Uruguay issued a set of 14 definitives portraying Jose Gervasio Artigas, the "Father of the Uruguayan Nation" (Scott #474-83C). Only 3,000 sets were issued, and Scott '12 prices the unused set at $49.90 .

This set resembles two earlier sets of similar design (Scott #350-74 and 375-85), but may be distinguished by the differences in color, and because in the earlier sets, there were 7 dots in the panels below the portrait, whereas in the 1936-44 set, there are only 6.

As the set was issued over a period of about eight years and few Uruguayans of that period could afford to collect pricey stamps, it is likely that most of the sets were used as postage and discarded. I would not be surprised if fewer than 1,500 remain, in any condition.

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.

Stamp Investment Tip: Uruguay 1933 Flag of the Race (Scott #430-40)

In 1933, Uruguay issued a set of eleven stamps picturing the "Flag of the Race", representing the Spanish "race" in the Americas and in Spain's various other colonies and former colonies (Scott #430-40). The set also honored the 441st Anniversary of the Sailing of Christopher Columbus, rediscoverer of the Americas, and the first European to bring enslavement, epidemics, and mass murder to the hemisphere. Only 10,000 sets were issued, and Scott '12 prices the unused set at $35.40 .

Most were probably used as postage and discarded, as Uruguay's economy was in crippled by the worldwide Depression of the '30s, and the only Uruguayans who could afford to collect its stamps were to be found among members of the oligarchy.

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.

Stamp Investment Tip: Uruguay 1930 Centenary of Independence (Scott #394-409)

In 1930, Uruguay issued a handsome set of sixteen stamps celebrating its Centenary of Independence (Scott #394-409). 3,006 were issued, and Scott '12 prices the set unused at $105.40.

The set is grossly undervalued, especially considering that there are many collectors of Latin America who focus on the region as a whole. It is very likely that many were used as postage and discarded.

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.

Stamp Investment Tip: Uruguay 1934 First Year of the Third Republic (Scott #454-61)

In 1934, Uruguay issued a set of eight stamps commemorating the First Year of the Third Republic (Scott #454-61). 4,409 sets were issued and Scott '12 prices the unused set at $35.70.

The three stars depicted on the stamps symbolized the three constitutions, the third of which transferred total power to President Gabriel Terra, who had organized a coup d'état, dissolving the General Assembly and governing by decree.

It is likely that most of the sets were used as postage and discarded. The set is grossly undervalued, especially considering that there are many collectors of Latin America who focus on the region as a whole.

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.

Stamp Investment Tip: Uruguay 1960-61 Flight Monument (Scott #C211-22)

In 1960-61, Uruguay issued a set of airmail stamps picturing a statue symbolizing "Flight", part of a monument to fallen aviators (Scott #C211-22). 20,000 sets were issued, and Scott '11 prices the set at $17.20 for unused.

As it is likely that most of the sets were used as postage and discarded, perhaps a a few thousand remain. It is grossly undervalued, especially considering that there are many collectors of Latin America who focus on the region as a whole.


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.

Stamp Investment Tip: Uruguay 1959 Flight Monument (Scott #C182-92)

In 1959, Uruguay issued a set of airmail stamps picturing a statue symbolizing "Flight", part of a monument to fallen aviators (Scott #C182-92). 10,000 sets were issued, and Scott prices the set at $16.90 for unused.

As it is likely that most of the sets were used as postage and discarded, perhaps a a few thousand remain. It is grossly undervalued, especially considering that there are many collectors of Latin America who focus on the region as a whole.


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.

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.

Stamp Investment Tip: Uruguay 1924 Olympics Issue (Scott #282-84)

In 1924, Uruguay issued a set of stamps celebrating the 1924 Paris Olympics (Scott #282-84), and picturing the "Victory of Samothrace," a partially restored Greek statue that is one of the masterpieces of the Louvre. 35,000 sets were issued, and Scott values the unused set at $ 60.00. In addition, 500 sets were issued on yellow ("golden") paper (Scott #282-84Note), to commemorate Uruguay's soccer victories and gold medal won at the Summer Olympics. Many of these special sets were affixed to souvenir folders and given to dignitaries. Scott prices the "yellow paper" set at $ 650.00.

The set is particularly compelling because of its modest printing quantity, its thematic appeal as a combination Olympics/Art Topical, and because of Uruguay's prospects for economic growth. The special "golden" set is also a Soccer Topical. Soccer is now the most popular sport in the world, with billions of fans, many of whom live in emerging market nations.


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 sets 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.

Stamp Investment Tip: Uruguay 1929-43 Pegasus Issue (Scott #C27-60A)

Between 1929 and 1943, Uruguay issued a magnificent set of thirty-six airmail stamps, the Pegasus Issue (Scott # C27-60A). Each stamp bears the same design but in different colors, and the set has become a favorite among Horse and Animal topical collectors. Only 5,000 sets were issued, and Scott '10 values it unused at $ 417.90. Because of its length and the fact that it was issued over 14 years, the set has become increasingly difficult to find complete and in decent shape (F-VF LH or better). I believe it to be a bargain at full Scott if found F-VF+ NH, or discounted by 40%-50% for LH.


A related issue with the same design, the 1944 Surcharged Pegasus set (Scott # C106-12) is also worth targeting. It had a somewhat higher printing (15,000), but is also far less expensive (Scott '10 Catalog Value = $ 12.00) .

I hesitate to recommend the 1935 Pegasus set (Scott #C63-82), because Scott notes that counterfeits of this set exist. I have not seen examples of these counterfeits, so cannot comment on how convincing they are.

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.