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The US Forever Stamp

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Forever_Stamp The US Forever stamp comes out today and here are the USPS highlights:

  • The Forever Stamp is a nondenominated, non-expiring stamp issued as a convenience for single-piece retail mailers. The stamp would be valid for the first-ounce First-Class Mail letter postage regardless of the actual rate on the date of use.
  • The first Forever Stamp will be sold at the new rate (42 cents if the Postal Service proposal is approved) and will be available just before rates change.
  • The design of the stamp is currently under review and will be announced by the Postal Service at a later date.
  • The primary purpose of the stamp is to smooth the transition to new stamp prices when prices change.
  • The stamp would be available throughout the year and would be sold through all sales channels, including post offices, vending machines, by mail, the internet or phone.
  • The stamp would be available for purchase at the First-Class Mail 1-ounce letter rate until the date of a subsequent rate change. At that point, it would be sold at the new First-Class Mail 1-ounce letter rate.
  • Current plans are to sell the Forever Stamp in booklets of 20 stamps.
  • The Postal Service considered the experiences of foreign postal administrations in developing its plans for a Forever Stamp. The experiences of Britain and France, in particular, have been useful guides in assessing such a stamp.
  • The Postal Service plans to carefully monitor the implementation and sales of the Forever Stamp.

The Washington Post has an interesting article "Post Office Hopes Idea of 'Forever Stamp' Sticks" where they post the question:

"Forever stamps may pose a few challenges to the Postal Service. For one thing, strong early sales of the stamps could lead to sagging revenue down the road, especially if consumers buy the stamps in large numbers to avoid higher postal rates in later years. And then there is the question of why anyone would ever buy a regular first-class stamp again if it costs the same as a forever stamp but its value could never grow."

I'm not sure I understand this...

Comments

  • Anonymous
    May 15, 2009
    There are changes too in the postage stamps unit. New postage rates are out, and it's no surprise that the new postage rates are going up.  Anyone with a large backlog of stamps is going to need a bunch of increment stamps to cover the difference, or just order a bunch of new ones.  Stamps have gone up to 44 cents from 42, but the weight fees remain the same – just 17 cents per ounce after the first ounce.  It still means you won't need no fax payday loans for your simple letters – yet – but a lot of people will want to get forever stamps, or stamps that are accepted as payment regardless of what the new postage ratesare, or the debt relief you need from buying them.

  • Anonymous
    May 15, 2009
    There are changes too in the postage stamps unit. New postage rates are out, and it's no surprise that the new postage rates are going up.  Anyone with a large backlog of stamps is going to need a bunch of increment stamps to cover the difference, or just order a bunch of new ones.  Stamps have gone up to 44 cents from 42, but the weight fees remain the same – just 17 cents per ounce after the first ounce.  It still means you won't need no fax payday loans for your simple letters – yet – but a lot of people will want to get forever stamps, or stamps that are accepted as payment regardless of what the <a rev="vote for" title="New Postage Rates Take Effect Today" href="http://personalmoneystore.com/moneyblog/2009/05/11/postage-rates-effect-today/">new postage rates</a> are, or the debt relief you need from buying them.