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US war savings stamps

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Pillar Of The Community
Canada
5593 Posts
Posted 06/09/2013  6:59 pm  Show Profile Check jamesw's eBay Listings Bookmark this topic Add jamesw to your friends list  Get a Link to this Message

Went to a outdoor antique market with the wife and older daughter today. A lovely day out.
Didn't find much philatelic stuff worth while, but picked up this US War Savings stamp book. Filled with 172 stamps (18 PS11 postal savings, 150 WS7 war savings and 4 WS8 war savings stamps). Kind of interesting I thought.



this one's sideways...





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Bedrock Of The Community
United States
11912 Posts
Posted 06/09/2013  7:57 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply

Nice find. I'd be curious what you paid for them, as technically they still have "face value" upon application to:

US 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 US Savings Bond.

On the other hand, from a philatelic standpoint, the "America On Guard" 10-cent stamps are Scott #PS11 valued at 60 cents each (mint), the "Minuteman" 10-cent stamps are Scott #S1 are valued at 50 cents each (mint); and the 25-cent "Minuteman" stamps are Scott #S2 valued at $7.50 each (mint). Of course, the stamps pasted into the album are no longer "mint" so I expect the value is somewhat diminished, but it would still seem as though the philatelic value would exceed any face value that may still apply.


Edited by wt1 - 06/09/2013 7:58 pm
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Pillar Of The Community
Canada
5593 Posts
Posted 06/09/2013  8:25 pm  Show Profile Check jamesw's eBay Listings Bookmark this reply Add jamesw to your friends list  Get a Link to this Reply

I don't mind telling. I paid $15 CND. I only wanted to pay 10, but that's as far down from his $20 asking price as he'd come. I think the face value would be $17.80.
I didn't figure they were worth much philatelically, since they were not mint, on the other hand I figured all those stamps pasted into the album has some intrinsic value at least.
And anyway, I'd never seen one, so why not.

...An after thought, regarding catalogue value. Scott's Specialized doesn't give a used value for the 1941 'on guard' postal saving stamps, but the 1942 war savings are .20 for each of the 10 stamps (150) and .25 for the 25 denomination (4).
So there's at least $31 in catalogue value (not including the postal savings and the little booklet itself). So I paid roughly 50% catalogue value (also figuring for Canada/US exchange).
So I suppose I didn't overpay.


Edited by jamesw - 06/09/2013 9:56 pm
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Valued Member
United States
370 Posts
Posted 06/09/2013  10:12 pm  Show Profile Bookmark this reply Add spain_1850 to your friends list  Get a Link to this Reply

Just kind of curious, but do the books themselves have any collector value? I have a couple that are of a different design, but I bought them just because I thought they were neat looking. One of mine is empty and one has a single $5 savings stamp in it.

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Bedrock Of The Community
United States
11912 Posts
Posted 06/10/2013  01:33 am  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply

As to the question about collector books for these stamps, eBay has several of them listed, but few have actually sold, suggesting the demand for them is quite low. The few album books that have sold seem to be in the $5 to $10 range (without stamps).

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Valued Member
United States
370 Posts
Posted 06/10/2013  02:14 am  Show Profile Bookmark this reply Add spain_1850 to your friends list  Get a Link to this Reply

I figured they would look neat on an album page inserted into the Saving stamp section of a US album. Maybe using large corner mounts to hold them. I think I paid $1 for mine (empty, with the exception of the one stamp).


Edited by spain_1850 - 06/10/2013 02:15 am
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Pillar Of The Community
United States
1219 Posts
Posted 06/10/2013  6:56 pm  Show Profile Bookmark this reply Add Mike33 to your friends list  Get a Link to this Reply

Pretty cool - anyone else noticed they "cheated" by using 6 spots for the 2 25 cent stamps? :)

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Valued Member
United States
149 Posts
Posted 02/05/2014  10:20 am  Show Profile Bookmark this reply Add eaglebub7 to your friends list  Get a Link to this Reply

Looking at the OP image above I noticed the first 18 are clearly Postal Savings, the other I can't really make out but they almost look like War Savings. I have a few of these MNH and would like to know if the Postal and war Savings were interchangeable?

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Pillar Of The Community
692 Posts
Posted 06/08/2015  5:51 pm  Show Profile Bookmark this reply Add blcjr to your friends list  Get a Link to this Reply

I am bringing this thread back from the dead, to ask a question.

Are there any records, or statistics, of how much was raised by the US Govt in WW II from these unredeemed defense stamps?

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Bedrock Of The Community
United States
11912 Posts
Posted 06/08/2015  6:31 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply

Although this doesn't specific answer the previous question, more information than I realized on the subject is available at the two links below:

http://postalmuseum.si.edu/symposiu...entation.pdf

http://postalmuseum.si.edu/symposiu...um_paper.pdf

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Valued Member
United States
132 Posts
Posted 06/08/2015  9:08 pm  Show Profile Bookmark this reply Add paperhistory to your friends list  Get a Link to this Reply

The USSS published an excellent book by Harry Charles on the postal/war savings stamps a couple of years ago (the book is an edited version of a series of articles published in the Specialist). It's a neat collecting area (I have a gold-medal postal savings exhibit).

I don't recall ever seeing an estimate on the value of unredeemed savings stamps. It would be a difficult number to really calculate, in part because the primary purpose of the books was to facilitate the collection of sufficient funds to obtain a savings bond (which then might itself never have been redeemed). They could also be redeemed for postal savings certificates.

Postal savings and the WWII war savings stamps were interchangeable for redemption purposes. There may have been some slight differences in how the post office department accounted for savings funds but it wouldn't have mattered to the postal customer.

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Pillar Of The Community
692 Posts
Posted 06/08/2015  9:54 pm  Show Profile Bookmark this reply Add blcjr to your friends list  Get a Link to this Reply

Thanks for the reply. If I get more into it, I'll look into the book by Harry Charles. I'm working on an exhibit that touches on the mobilization effort before and during the war, which is the reason for asking. I see your point about unredeemed savings bonds complicating the issue. But if the post office knew how many savings bonds had been purchase with the stamps (or really, the value thereof), and the value of the postal stamps sold, would it be the difference? I was just curious about how much money was raised for the war effort that didn't have to be paid back, a question that would go to war savings stamps also. I'm just getting started on getting a feel for the numbers involved, but the mobilization effort was just huge, almost unbelievable when we look at how dysfunctional the government is today at getting anything done on a massive scale.

I picked up a couple of couple of postal savings books off eBay today. I don't know if they will find a place in the exhibit I'm working on or not, but they will be interesting nonetheless.

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Pillar Of The Community
692 Posts
Posted 06/08/2015  9:56 pm  Show Profile Bookmark this reply Add blcjr to your friends list  Get a Link to this Reply

Thanks, wt1, for the links. I'll check them out.

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