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When the Treasury began issuing war savings stamps during World War II, the lowest denomination was a 10-cent stamp, enabling ordinary citizens to purchase them. In many cases, collections of war savings stamps could be redeemed for Treasury Certificates or War Bonds.
The 30¢ unwatermarked perforated 10 stamp from 1916–17—if it exists at all—remains the rarest of any Washington–Franklin issue belonging to a full series: fewer than 300 copies have been certified by various expertizing services.
The stamps were issued on January 1, 1874, in two denominations, 5 centimos and 10 centimos, and depicted the Spanish coat of arms along with the inscription "Impuesto de Guerra" or "Impto de Guerra". The 5 centimo value was intended for use on letters, and the 10 centimo for use on stamped documents. [1]
The first series of revenue stamps have two distinctive design types with each stamp designating the tax 'duty'. Designs for denominations 1-cent through 20-cents were simple, bearing a portrait of George Washington, while stamps with denominations 25-cents through 1-dollar are larger and have a more elaborate design and also designate the tax duty in a lower banner.
They consisted of an engraved 5-cent red brown stamp depicting Benjamin Franklin (the first postmaster of the U.S.), and a 10-cent value in black with George Washington. Like all U.S. stamps until 1857, they were imperforate.
War bond. United Kingdom national war bond advertisement (1918) War bonds (sometimes referred to as victory bonds, particularly in propaganda) are debt securities issued by a government to finance military operations and other expenditure in times of war without raising taxes to an unpopular level. They are also a means to control inflation by ...