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This is a list of the highest known prices paid for philatelic items, including stamps and covers. The current record price for a single stamp is US$9,480,000 paid for the British Guiana 1c magenta. [1] [2] This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023.
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.
Revenue stamps served to pay tax duties on items that came under two main categories, Proprietary and Documentary. Proprietary stamps paid tax duties on goods like alcohol and tobacco, and were also used for various services, while Documentary stamps paid duties on legal documents, mortgage deeds, stocks and a fair number of other legal dealings.
The main components of a stamp: 1. Image 2. Perforations 3. Denomination 4. Country name. A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail).
An 1898 £1 revenue stamp of Western Australia Revenue stamps on smuggled tobacco seized by the British tax authorities.. A revenue stamp, tax stamp, duty stamp or fiscal stamp is a (usually) adhesive label used to designate collected taxes or fees on documents, tobacco, alcoholic drinks, drugs and medicines, playing cards, hunting licenses, firearm registration, and many other things.
Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries. A major factor driving the price hikes for first-class mail in the United States is a decline in mail volume.
Providence printed at least 5,500 5¢ stamps and 500 10¢ stamps. The first two printings of the St. Louis provisional produced 2,000 5¢ stamps, 3,000 10¢ stamps and 1,000 20¢ stamps; the final printing probably added 1,500 5¢ stamps and 1,500 10¢ stamps, making a grand total of 9,000 provisionals produced. [4]
To confirm that taxes were paid a "revenue stamp" was purchased and appropriately affixed to the taxable item. [27] This excise tax continued until the federal government finished paying the war debt in 1883, at which time the tax was repealed. [27] In 1898, revenue stamps were again issued, to provide funding for the Spanish–American War.