Stamp Community Family of Web Sites
Stamp Community Forum
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

1942 Reynolds & Co., New York - Stock Transfer Stamp Ticket  

To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Pillar Of The Community
2863 Posts
Posted 02/02/2008   10:59 am  Show Profile Bookmark this topic Add t360 to your friends list  Get a Link to this Message
Here is an example of how the stock transfer stamps of 1940-1952 (popularly referred to as the "Greens") were used on
"stamp tickets" to document the sale of stock and to show that the proper taxes on the transaction had been paid.

This "stamp ticket" shows that 15 shares of U.S. Steel were sold on May 19, 1942 to Carlisle at $46 per share for a total of $690.
Seems like a wise investment decision at the time (shortly after the Japanese attack on Pearl Harbor)
with the demand for steel bound to increase during the War.

The New York State tax on the sale was 60c and the federal tax was 90c.

The NY state tax was paid using two State revenue stamps:

a 20c stamp tied by a "Reynolds & Co." blue cancellation,

and a 40c stamp, also tied by a blue cancellation.

These State Revenue stamps both feature the New York State Seal in their design,

which has the goddess "Liberty", the goddess "Justice" and a shield between them showing the Hudson Highland and sail boats on the Hudson River.
Under the shield is New York's state motto "Excelsior", which translated from Latin means "ever upwards."

The federal tax was paid using two green stock transfer stamps.

The 10c stamp (Scott #RD121, overprinted "Series 1942") has a portrait of William H. Crawford,

a prominent politician who was Secretary of the Treasury in President Monroe's cabinet from 1816 to 1825.

The 80c stamp (Scott #RD103, overprinted "Series 1941") features the portrait of another Secretary of the Treasury, Roger Brooke Taney.

However Roger Taney is remembered as the highly controversial Chief Justice of the Supreme Court which handed down the decision in the Dred Scott case,
which enraged the anti-Slavery politicians such as Abraham Lincoln and further divided the nation in the period leading up to the Civil War.

Each of these stamps has little holes punched in it in some sort of pattern.
These holes are not cancellations; they do not go through the stamps and into paper, because the stamps were punched before they were affixed to the paper.
These holes are called perfins - short for "perforated initials" - and they served as a security measure to prevent the pilfering of stamps by employees.

The perfin is inverted on the stamps to make it less noticeable. See how the holes form the letters "R & C0" for "Reynolds and Co."

So you can see why this stock transfer stamp ticket is a favorite of mine.
It is loaded with interesting stamps which tell a lot about American history.
Best of all it only cost me a few dollars.
Send note to Staff

  Previous Topic Topic Next Topic  
To participate in the forum you must log in or register.
United States Postal Service, Now on eBay!United States Postal Service, Now on eBay!
New Forum Topics Recently Active Forum Topics
  26A plate No.11? Shows partial imprint.
  Stamp collection inherited
  Deutsche Demokratische Republik
  Precancelled Twice - Two Very Different Precancels
  11A Is this a recut or just inking?
  HipStamp (formerly bidStart) two new stores
  Canada Picture Post Mystery
  Your help appreciated in identifying these stamps
  Classic Cover from 1835
  33c Aquarium Fish Overall Tagging Variety
  scott #554 washington how do you determine what type? (34) stamps total..
  Interesting 6" Small Queen block of 4
  What do you do when you collect only one country? Collect it in-depth!
  Scott 357 'Blue Paper' candidate?
  Is this a Trimmed, One Cent Franklin?
  Please help with Britain # 237
  10c Fisher envelopes of 1976 - Questions
  Your Opinion on this Turkey Stamp (Newspaper or not or forgery ?)
  The American Philatelist 19th Century
  Argentina revenues 1894-1900
  How to scan/photograph stamps?
  Judaica - postal card sent from Skala, Galizia, 1888. by Rabbi Osias Krohn
  USPS Holiday Celebrations series
  Postcards with fruit harvesting, fruit growing etc.
  1870 France balloon mail cover

  Doves as Symbols of Peace
  Deutsche Demokratische Republik
  Germany: Cancellation Premium.
  Stamp collection inherited
  the case against the big blue scott internationals
  26A plate No.11? Shows partial imprint.
  Canada Picture Post Mystery
  Precancelled Twice - Two Very Different Precancels
  A little help from the classic specialists, please.
  Inventory Thresholds
  Books Pictured on Stamps
  Forest / Forests / Ecosystems on Stamps
  11A Is this a recut or just inking?
  Gems and Minerals
  I'd appreciate any help in identifying these stamps
  yellowed glassines harmful?
  Statues on Stamps
  Question About eBay Shipping???
  Scott 357 'Blue Paper' candidate?
  Punctured stationary?
  What do you do when you collect only one country? Collect it in-depth!
  Your help appreciated in identifying these stamps
  Interesting 6" Small Queen block of 4
  CHICAGOPEX - Nov. 18-20, 2016 (Itasca, IL)
  HipStamp (formerly bidStart) two new stores

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2016 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2014 Stamp Community Forums Go To Top Of Page
It took 0.16 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05