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The primary, interest-earning stamp issued was the War Savings Certificate stamp, which was worth 5 dollars at maturity on January 1, 1923. These stamps needed to be affixed to an engraved folder called the War Savings Certificate, which carried the name of the purchaser, and could only be redeemed by that individual.
In the United States Postal Savings Stamps were introduced in 1911 [2] and War Savings Stamps were issued during both World Wars. Savings stamps are worth their face amounts; the denominations are $0.10, $0.25, $0.50, $1, and $5. The sale of savings stamps was discontinued on June 30, 1970. [6]
Stamps were issued in denominations of 10, 25, and 50 cents which were purchased at face value and earned no interest. They were intended to be used as a savings mechanism to purchase a war bond eventually; savings books were provided which, when filled, held $18.75 in stamps, which then could be exchanged for a bond. [7]
For example, during World War II, a $25 bond could be purchased for $18.75, with the expectation that it would reach full value after 10 years. The bonds accrued interest, though at a lower rate ...
A Russian savings stamp from 1900 A British savings slip with space for twelve one penny stamps A British 1951 savings stamp An Indian 1943 defence savings stamp. Savings stamps are not to be confused with trading stamps which provide a discount on goods purchased as part of a customer loyalty program. In philately, savings stamps are regarded ...
The Regular Issues of 1922–1931 were a series of 27 U.S. postage stamps issued for general everyday use by the U.S. Post Office. Unlike the definitives previously in use, which presented only a Washington or Franklin image, each of these definitive stamps depicted a different president or other subject, with Washington and Franklin each confined to a single denomination.
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