redeem WWII victory bond saving stamps ?

[uncle Alan]

[SI I have a partially filled book of savings stamps. During WWII the Feds issued a savings bond for $25.00
You'd get a book & add the stamps until you reached $18.75 It matured 10 years after issue.

You could buy the stamps at school or the USPO. USPO never heard of them.In my olden days box I also have meat ration coins [pinkish beaverboard ] and v-mail letters from a cousin that was in 3 major campaigns in Europe.

THe coupon book represents 10 or 12 bux if I find a place to cash them.

Unale Alan

 

[Cougar Allen]

I doubt you can cash them any more, but that book is likely to be worth more than 10-12 buck$ to some collector. You could put it on ebay and just see what they bid.

 

[Gollnick]

Well, I don't know the details of this particular product, but the Treasury should cash a matured bond. However, I suspect that the collectable value exceeds the cash value.

 

[Chris Pierce]

I'm very interested in what the value of this ends up being. Please keep us posted.

 

[Gollnick]

I, by the way, have my mother's WWII Ration Book. What an interesting bit of history.

I also have a photograph of my father's parents. It was in a cheap frame. I decided I wanted to A) scan it digitally for preservation, and B) put it in a better frame. When I opened the frame, out fell my great uncle's Navy discharge papers... honorable. I returned them to his family and they were happy to receive them.

 

[cj65]

Meat ration coins are on ebay for a clutch of them for $5.00 buy it now, nothing there for those. I will check the stamps. It does not look that they are fetching much either. Sorry Uncle Alan.

 

[UffDa]

I found this......



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.

**********************************************************



A 1941 dollar is now worth $14.83, so based on inflation of 1383.1%, your stamps were not a very good investment.

I'm not quite as old as you are, but I remember the stamps and war bonds.

 

[ebchessfla]

I too have some of these Postal Savings Stamps.

I contacted the Bureau of the Public Debt (the address is WV NOT VA) and this is what they said:

Try to redeem your stamps at your financial institution. If that fails (and it will), send them to:

Bureau of the Fiscal Service
Dept of the Treasury
PO Box 426
Parkersburg, WV 26106-0426

Banks don't sell US Bonds anymore and therefore don't redeem the stamps. But I gave it a try.

I hope this helps everyone.

I found this......



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.

**********************************************************



A 1941 dollar is now worth $14.83, so based on inflation of 1383.1%, your stamps were not a very good investment.

I'm not quite as old as you are, but I remember the stamps and war bonds.