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Individuals accumulated their war savings stamps in various collection booklets provided with the purchase of a stamp. Filled collection booklets could later be used to purchase Series E war bonds. For example, a full 25-cent booklet contained 75 stamps and was worth $18.75, which was the initial price of a $25 war bond.
The Thrift stamp program of World War I facilitated, with 25-cent stamps, small-scale savings by children towards the eventual purchase of a larger five-dollar War Savings Certificate. The post-war period also saw the growth of the school savings bank movement , in which children were encouraged to save money by opening and regularly depositing ...
The first Washington–Franklin postage stamp to be released was a 2-cent stamp issued on November 16, 1908. Other denominations soon followed and would continue to appear through the first World War years, with the last Washington–Franklin postage stamp issued in 1923.
Postage (or postal) currency was the first of five issues of US Post Office fractional paper money printed in 5-cent, 10-cent, 25-cent, and 50-cent denominations and issued from August 21, 1862, through May 27, 1863. [16] Spinner proposed using postage stamps, affixed to Treasury paper, [17] with his signature on the bottom (see illustration ...
The first revenue stamps in the United States were used briefly during colonial times, among the most notable usage involved the Stamp Act.Long after independence, the first revenue stamps printed by the United States government were issued in the midst of the American Civil War, prompted by the urgent need to raise revenue to pay for the great costs it incurred.
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]
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