Non-Denominated stamps are valued at the rate at time of issue. Semi-postal is a little more complicated in that initially they were valued at the current rate + a minor value for donation to a specific cause. If the postal rate increased they were still valued for the current rate but less to the cause. Semi's were issued for a specific period of time & were required to be legislatured for any extensions. Forever stamps are issued at the current rate. When the rate increases they are ISSUED (sold) at the new rate but if you hold any previous to the rate increase they are now VALUED at the current rate. (did I gat this right?????)
