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The war savings stamps introduced during World War II were released in five different denominations – 10 cents, 25 cents, 50 cents, one dollar, and five dollars, all featuring a Minuteman statue. These stamps were purchased at face value and earned no interest.
Read more The post 10 Vintage Stamps That Are Worth Serious Dough appeared first on Wealth Gang. ... In 1995, a 2-cent Blue Hawaiian Missionary stamp sold for $440,000 at auction.
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]
The last printing of Parcel Post stamps, a run of the 10-cent value, occurred on June 24, 1913, but stamps still in stock continued to be shipped to post offices for quite some time, particularly of higher values, with the final delivery—a supply of 75-cent stamps—made as late as 1921. [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]
The 5-cent stamp paid for a letter weighing less than 1/2 ounce and traveling up to 300 miles, the 10-cent stamp for deliveries to locations greater than 300 miles, or, twice the weight deliverable for the 5-cent stamp. Each stamp was hand engraved in what is believed to be steel, and laid out in sheets of 200 stamps.
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