Value of Postal Savings Defense Savings Bond stamp albums
Friday, April 1st, 2005
Categorized as: Savings Bond history
I have found several stamp albums that have Postal Savings Plan for the Purchase of US Defense Savings Bonds printed on the cover. Is there any value to these?
Tom's response
These are relics of the World War II era of Savings Bond marketing. You could buy stamps at the post office, put them in a book, then trade the book for a Savings Bond when it was full.
The stamps didn't pay interest, so nowadays, they're still worth their face value. They can be redeemed by sending them to:
Bureau of the Public Debt
200 Third Street
Parkersburg, VA 26106-1328
They can be redeemed for cash or used to the extent of their value in partial payment for a Savings Bond.
You could also look and see what they're going for on eBay or other sites that auction off collectibles. Given how often I'm asked about these stamp albums, however, I suspect the supply is greater than the demand.
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If these stamps are from World War II why is it that my husband was able to buy them when he was in High School in the 60's He has a $.10 cent album and a $.25 cent album they are not fill. In back of the $.25 cent album is printed a timeline of interest or value of stamps . If you save $1.25 after 1 year it worth $65.20 and after 5 years $341.25 and after 9 years $ 710.55. So what is the truth ?
Rosie - according to the US Treasury's Stephen Meyerhardt, the last U.S. Savings Stamps were sold in June 1970, so it looks like your husband is telling the truth.
The timeline, on the other hand, is problematic. To get from $1.25 to $62.50 in one year requires an interest rate of 1,214%. From there to $341.25 in four additional years requires an interest rate of 47.3%. From there to $710.55 in the last four years requires 19.2%. These rates aren't true.
where can we cash these US Defense saving Bonds,?
series war E bonds……..
derect obligation of the US government,
full faith credit of US Gov for payment
is what they say do i submit to Pres. Bush?
Linda - the information you're looking for is here.