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.
(Average rating: 5 stars)
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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.
I found a us defense savings bond stamp book in a box at grandmas house what is it and are they worth anything? It is from 1942.
Elaine - the information you're asking for is in the article at the top of this page.
Tom Adams
Hi Tom: I found a 25 cent savings stamp album that my mom started for me, but it's not full. It has $6.00 worth of stamps. Can this also be redeemed using the address you mentioned, or does the book have to be full.
Thanks,
Julie
Julie - you can send it in as is. It doesn't have to be full.
Tom Adams
I bought a savings bond on ebay. Can I cash it in?
Mark - no, you can't cash it unless it has your name on it. There's more info at Possession is 0% of the law.
Tom Adams
Are all of the Postal Savings Plan stamps the same? Mine are 10 cent, red, with a picture of a militia man.
I would like to clarify some confusion Rosie had. On the back of this album, it explains how, if you save X amount each week, you will have Y amount in 1 yr., 5 yrs., and in 9 yrs, 8 mos. It does not mention interest rates. AND, you have to fill the album and trade them in for savings bonds before they begin to mature. It says,"take this filled album …to exchange for a U.S. Savings Bond. This was just a method for school age kids to acquire savings bonds, that's all!
Sue - thanks for clarifying. So if you save $1.25 a week, after a year you have 52 x $1.25 or $65.
Tom Adams
my mom and i found a $2.00 postal bond baught by her gramdmother in 1938. how would we go about cashing it, or finding out how much it would be worth?
Shanda - Sorry, I don't know the answer to your question.
Tom Adams
Tom,
We inherited a couple WWI War Bond LP's and I was wondering if you would know how we would find information on their value. Thank you for your time!
Heather
Heather - Sorry, I don't even know what a WW I War Bond LP is.
Tom Adams