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

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

US Savings Bonds  
 

 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Valued Member

United States
321 Posts
Posted 01/18/2016   8:57 pm  Show Profile Bookmark this topic Add paperhistory to your friends list  Get a Link to this Message
Did you know that US Savings Bonds were sold over the post office counter? In fact, when Savings Bonds were initiated in 1935, the Post Office Department was the exclusive sales agent for the bonds - the only other place to get them was directly from the Treasury Department. This later changed to federal reserve banks, then other banks and many other places. Most offices stopped selling bonds over the counter at the end of 1953, but I haven't quite nailed down yet when the final end of sales occurred. The example here is a late one, from Berry AL in 1957.

I'm working on an article showing the connections between post offices and savings bonds. Does anyone happen to have a pre-1942 savings bond around?

Send note to Staff

Pillar Of The Community
United States
2415 Posts
Posted 01/18/2016   10:31 pm  Show Profile Bookmark this reply Add KGB to your friends list  Get a Link to this Reply
For those interested, here's a sample of Series A:

Send note to Staff  Go to Top of Page
Valued Member
United States
321 Posts
Posted 01/19/2016   09:33 am  Show Profile Bookmark this reply Add paperhistory to your friends list  Get a Link to this Reply
I'd also be interested in seeing bonds sold by a post office from 1954 or later. I determined later last night that the final end of post office sales of savings bonds was March 26, 1977 [reported in the April 7, 1977 Postal Bulletin], at which time 234 post offices sold bonds.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United States
2415 Posts
Posted 01/19/2016   12:53 pm  Show Profile Bookmark this reply Add KGB to your friends list  Get a Link to this Reply
paper, just in case you haven't seen these tables:

https://www.treasurydirect.gov/indi...curities.htm
Send note to Staff  Go to Top of Page
Valued Member
United States
363 Posts
Posted 01/21/2016   7:58 pm  Show Profile Bookmark this reply Add GregAlex to your friends list  Get a Link to this Reply
You might find this link interesting...
http://13thdimension.com/captain-am...ants-off-us/

It makes perfect sense that the Post Office would sell savings bonds, since they were also selling postal savings stamps. What better place to convert your completed booklet of stamps into a bond?

Send note to Staff  Go to Top of Page
Valued Member
United States
321 Posts
Posted 01/22/2016   09:12 am  Show Profile Bookmark this reply Add paperhistory to your friends list  Get a Link to this Reply
Thanks for the link - interesting writeup. Bond and stamp advertising was absolutely ubiquitous during the war, including in comic books. I have one issue of Captain Midnight put aside if I ever do a display exhibit on the war savings material - there were a few issues of comic books that actually showed images of the savings stamps on the front cover.

The postal "monopoly" on savings bonds went out the window when the Series E bonds ("Defense Savings Bonds", later "War Savings Bonds") were introduced on May 1, 1941 [the same day the 1941 postal savings stamps were issued]. The series E bonds rapidly became available from commercial banks and through corporate payroll operations, and post offices became a relatively minor contributor to sales. The stamps were sold through post offices, but frequently in bulk for resale in school programs and by newspaper carriers. (though it's also true that mail carriers and rural carriers had the stamps and sold them on demand).

Send note to Staff  Go to Top of Page
Valued Member
United States
151 Posts
Posted 01/23/2016   2:28 pm  Show Profile Bookmark this reply Add MeadowviewCollector to your friends list  Get a Link to this Reply
Have you taken a look at the Heritage Auction archive?

I found this one from 1913 which might be older than you're after http://currency.ha.com/itm/miscella...tion-071515#

-MV
Send note to Staff  Go to Top of Page
Valued Member
United States
321 Posts
Posted 01/23/2016   3:51 pm  Show Profile Bookmark this reply Add paperhistory to your friends list  Get a Link to this Reply
Meadowview - Yes, I have seen the image. It's the only Postal Savings bond I've seen. I don't own it. Would love to find another one!

[As additional background, the Postal Savings Bond was a predecessor of the Savings Bond - they functioned as part of the postal savings system and provided slightly higher interest rates in return for loss of flexibility in withdrawal of funds and redemption]. The last issue of Postal Savings Bonds was in July 1935, shortly after the startup of the Series A Savings Bonds.
Send note to Staff  Go to Top of Page
Valued Member
USA
35 Posts
Posted 06/15/2016   3:52 pm  Show Profile Bookmark this reply Add bluegrassriver to your friends list  Get a Link to this Reply
Too bad the Post Office is no longer selling the Savings Bonds. They do sell Postal Money Orders. I remember buying many $50 bonds through my employer Liberty Mutual Insurance Co. automatic payroll deduction program in the mid 1980's. Every month an envelope from Treasury Dept would arrive in my mailbox.
Send note to Staff  Go to Top of Page
Edited by bluegrassriver - 06/15/2016 3:53 pm
Pillar Of The Community
United States
828 Posts
Posted 06/15/2016   4:47 pm  Show Profile Bookmark this reply Add Trainwreck to your friends list  Get a Link to this Reply

Quote:
Every month an envelope from Treasury Dept would arrive in my mailbox.


You can no longer buy paper Savings Bonds either. They are all electronic now.

The Series E bond shown above earned interest for 40 years, and is now worth $199.90 (if you are one of the Shepherds or a descendant).

Robert
Send note to Staff  Go to Top of Page
Valued Member
USA
35 Posts
Posted 06/15/2016   8:01 pm  Show Profile Bookmark this reply Add bluegrassriver to your friends list  Get a Link to this Reply
Oh brother, now when their electronic files are compromised by cyber attacks, puff goes the records!
Send note to Staff  Go to Top of Page
Valued Member
United States
151 Posts
Posted 06/19/2016   3:03 pm  Show Profile Bookmark this reply Add MeadowviewCollector to your friends list  Get a Link to this Reply

Quote:
You can no longer buy paper Savings Bonds either. They are all electronic now.


The only way to buy paper Savings Bonds is by the tax refund method. https://www.treasurydirect.gov/indi...ture.htm#buy

I don't know anyone that has used the tax refund method.

-MV
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
1100 Posts
Posted 06/19/2016   3:39 pm  Show Profile Bookmark this reply Add redwoodrandy to your friends list  Get a Link to this Reply
Thanks for the heads up MC.





Send note to Staff  Go to Top of Page
  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
  Oi! Inherited a US/foreign stamp collection. Are the stamps real? Value? Appreciate input! Thankee!
  Vintage Streetscapes
  A question for dealers about protocol at stamp shows
  Journey to Bethlehem 1988 - misprint??
  Looking for confirmation on Carolina 9A
  Is this a Thai stamp??
  China - French indochina with overprint
  Need help with cyrillic stamps
  Excell precancel file
  1976 two dollar bills
  New, Rare, Unknown US Stamp!
  Mystic Historic Stamps Album
  Great Britain Booklet Help Apperciated
  Need help with Chinese/oriental stamps identification
  Austrian stamps with variaties?
  Railroad letter 1866.
  Mail from Hungary- Four weeks and waiting
  78-79 Japanese Collector Book - Looking for more info
  Scott #4001 and #4002 Common Buckeye Butterfly 2006
  Nicaragua Palace and Cathedral Issue
  Unitrade 715 tagging memory test ?
  Need Help with US 9 Cent Stamp
  Hungary Charity Overprint from WWI
  I discovered I was blocked from bidding
  R24c your thoughts please

  Scott 4959 vintage rose fake stamps
  Oi! Inherited a US/foreign stamp collection. Are the stamps real? Value? Appreciate input! Thankee!
  Looking for confirmation on Carolina 9A
  New, Rare, Unknown US Stamp!
  Free Magnifier from KoalaStamps with every member review
  A question for dealers about protocol at stamp shows
  Arches, Columns & Gates on Stamps
  Vintage Streetscapes
  Need Help Identifying Japanese Postmark On Zeppelin Postcard
  Journey to Bethlehem 1988 - misprint??
  Scott 11 Nova Scotia - possible variety..?
  British Album Pages, are there Any Good Downloads?
  Excell precancel file
  China - French indochina with overprint
  Christmas Around the World 2016
  Nicaragua Palace and Cathedral Issue
  Scott #4001 and #4002 Common Buckeye Butterfly 2006
  I discovered I was blocked from bidding
  Belgium King Albert I 1915-1920 15c color Vareity..؟؟؟
  Need help with cyrillic stamps
  How to remove Meth Head "Sling" as advertisement on SCF?
  The Stamps of Turkey : On Steiner Pages.
  Is this a Thai stamp??
  BRIDGES,BRIDGES,BRIDGES! on stamps
  danish classics, show them to me.

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 - 2017 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 0.54 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05