Archive for Thursday, April 12, 2007

Forever’ stamps go on sale today

April 12, 2007


Lawrence stamp collectors or anyone who wants to save money later on postage will get a chance to buy the "forever" stamp today.

The stamp, which has an image of the Liberty Bell, will sell for 41 cents and will remain valid for first-class postage regardless of future rate increases.

In Lawrence and nationwide, forever stamps will be sold in booklets of 20.

The current 39-cent price for first-class mail will increase to 41 cents May 14, although forever stamps could be used earlier.

Postal officials, however, acknowledge that most people will save the new stamps for use the next time the postage price increases because of their infinite validity.

"I would anticipate, across the nation, people would buy a lot of (forever) stamps in bulk for that reason," said Michael O. Behrend, manager of customer service at the Lawrence post office, 645 Vt.


Ragingbear 11 years, 2 months ago

Well, forever is a subjective term for the government. In this case, I would fathom that it means "until we raise the price twice.".

I still got 2 cent stamps from the last increase.

mom_of_three 11 years, 2 months ago

So how is the forever stamp supposed to help the post office, which increases the price of stamps because of their increased cost? I would see the value for the post office if the new value of the forever stamp would be a little higher, say .45 or even .50. Those amounts seem high, but I remember when I was a kid, stamps were .08 or .10

average 11 years, 2 months ago

Well, an old unused stamp is basically an interest-free loan to the USPS. I occasionally buy a lot of old unused stamps to mail interesting packages. A five cent stamp from the 60s has netted them well over a dollar of interest or interest they didn't have to pay.

On the other hand, printing and selling a lot of two-cent makeup stamps costs money.

The hope is that people buy a lot of these and don't use them immediately. While the forever stamp pays a little "interest", in that it keeps up with the inflation of stamp prices, it is still a better rate to the USPS than they'd get on the market.

Commenting has been disabled for this item.