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Berkshire's investment in Blue Chip went from 36.5 percent in 1977 to 60 percent in 1979 and finally merged in a stock swap in 1983. [3] According to Buffett's 2006 letter to Berkshire shareholders, Blue Chip had 1970 sales of US$126 million as about 60 billion "stamps were licked by savers, pasted into books, and taken to Blue Chip redemption ...
During this time trading stamp companies had between 1,400 - 1,600 retail centers where consumers could redeem their stamps for consumer goods. [3] In the early 1960s, the S&H Green Stamps company boasted that it printed more stamps annually than the number of postage stamps printed by the US government. [6]
S&H Green Stamps Booklet covers. S&H Green Stamps was a line of trading stamps popular in the United States from 1896 until the late 1980s. They were distributed as part of a rewards program operated by the Sperry & Hutchinson company (S&H), founded in 1896 by Thomas Sperry and Shelley Byron Hutchinson.
A look back at this transformative deal
The company provided the capital needed to take the guru's investment career forward
Postage Stamps Catalogue of the People's Republic of China (China), China Posts and Telecom Press; Pulko Osmali İmpararatorluğu ve Türkiye Cumhuriyeti Posta Pullari Kataloğu (Ottoman Empire and Republic of Turkey Postage Stamp Catalog) Pulhan: Türk Pullari Kataloğu (Turkey Postage Stamp Catalog) Sakura Catalogue of Japanese Stamps (Japan)
Green Shield Stamps was a British sales promotion scheme that rewarded shoppers with stamps that could be used to buy gifts from a catalogue or from any affiliated retailer. The scheme was introduced in 1958 by Richard Tompkins , who had noticed the success of the long-established Sperry & Hutchinson Green Stamps in America.
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