Table of Contents
Are war savings stamps worth anything?
The stamps issued during World War I were available in 25¢ and $5 denominations. The $5 War Savings stamp cost $4.12 when issued and earned 4% interest, or a penny a month. When they matured five years later, they could be redeemed for $5.
How do war Saving stamps work?
In response, war savings stamps were created by the United States Post Office. These postal stamps were in smaller denominations (10 cents, 25 cents, 50 cents, $1, and $5) that could be collected in a war bond stamp book. Once a person collected enough stamps they could purchase a larger war bond ($25, $50, or $100).
How much are ww2 War Bonds worth?
According to the calculator, if your bonds are the Series E bonds that were used to finance World War II, they’re worth at least $3,600 each, or a total of more than $43,000 dollars.
What is a circular 888 stamp?
The Circular 888 stamp helps you provide fast service to customers who redeem large quantities of savings bonds. Instead of the customer signing each savings bond, your institution stamps the back of each bond with the Circular 888 stamp. Circular 888 stamps are available only to qualified paying agents.
How do I redeem war bonds?
How to Redeem a War Bond
- Visit the online Savings Bond Calculator maintained by the U.S. Department of Treasury.
- Select “E Bonds” from the pull-down menu under “Series.”
- Select the amount of the bond’s face value from the pull-down menu under “Denomination.”
How do you know if your stamps are worth money?
How to Determine Stamp Values
- Identify the stamp.
- Find out when was the stamp issued.
- Know the stamp’s age and material used.
- Determine the centering of the design.
- Check the stamp’s gum.
- Determine the condition of the perforations.
- See if the stamp has been cancelled or not.
- Find out the rarity of the stamp.
What happens when you redeem a war savings stamp?
Owners of these stamps could also redeem them for cash prior to the maturity date and receive the amount paid plus one cent for every month after the original purchase. The Treasury issued a new series of War Savings Certificate stamps in subsequent years, with the same interest rate and time to maturity.
Where can I redeem a US war bond?
Bonds held beyond the original maturity date continued earning interest for 40 years from the initial sale and are now typically worth several times the face value. War bonds can be redeemed at many banks or through the U.S. Treasury Department.
What was the purpose of World War 2 stamps?
World War II Era. The United States Treasury Department began to issue a series of war savings stamps in late 1942. Unlike the War Savings Certificate stamps from World War I, these war savings stamps earned no interest. Instead, their sole purpose was to facilitate saving toward the purchase of Series E war bonds .
How much was a Thrift stamp worth in World War 2?
The Treasury supplied Thrift cards, to which a total of sixteen Thrift stamps could be affixed. A full Thrift card was worth four dollars and could be combined with the appropriate number of cents to purchase a War Savings Certificate stamp.