If you send letters or parcels in the United States, then you have already come across the Forever stamps. Forever stamps are a type of non-denominated postage. In addition, they are a unique kind of stamp created by the United States Post Office that will constantly be worth one first class stamp. After being initiated in 2007, the Forever stamps costs were going for $0.41. From then to the present, their value has heightened and they are worth more at $0.49. In the past, if you had earlier bought a stamp and its rate increased, you could be forced to pay for the extra increase say of $0.01 or 0.02. But with the forever stamps, this can be a thing of the past as you can still use them without adding anything, even if the rates increase.
With such a policy, this can be advantageous to individuals who want to invest in stamps. Forever stamps remain valid for use to send letters or even parcels in the situation where the postage rates rises. According to a source from Wikipedia, the last time stamps fell as in 1919, when the cost of mailing n envelope decreased from cents to 2 cents. The latest decrease came in April of 2016, when the prices of first class mails fell from 49 cents to 46 cents. Nevertheless, the prices again rose in January 2017, from 46 cents to 49 cents. The table below has all the historical rates of Forever stamps over the years.
Forever Stamps Historical Rates
|April 12, 2007||$0.41|
|May 12, 2008||$0.42|
|May 11, 2009||$0.44|
|January 22, 2012||$0.45|
|January 27, 2013||$0.46|
|January 26, 2014||$0.49|
|April 10, 2016||$0.47|
|January 22, 2017||$0.49|
|January 21, 2018||$0.50|
|January 27, 2019||$0.55|
|Jan. 26, 2020||$0.70|
It is very evident that forever stamps have been stable with slight increases over the years. The least price that a Forever stamp has ever been sold at is $0.41 with the highest being the current rate which is $0.49. From the year 2007 to 2014, the forever stamp’s rate has been rising steadily with an increase of either $0.01 to $0.02. The only fall in prices of forever stamps has been in the year 2016 when it fell to $0.47, and I rose again to $0.49 by a margin of $0.2.
What’s the value of Forever Stamps?
Forever stamps have a greater value than many people think. If you check them with a keen eye, you will notice that they don’t have a dollar amount printed on them. These stamps are worth whatever the first-class postage rate is on any given time. In simple terms, this means that you can send your letter or envelope using a forever stamp today, tomorrow, next year or even after 3 years, regardless of what the current rate is. In addition, these stamps are really easy to use as all you are required to do is to buy the stamps at the current rate and you won’t have to worry about the cost of sending a first-class standard letter.
When sending a letter that weighs more than one ounce, you may be required to buy an extra forever stamp. So, if your stamp was $0.49, you will be needed to use two stamps that are worth $0.96. Furthermore, Forever Stamps can be utilized to send letters abroad. All you need to do is to calculate the worth of your letter or parcel and attach the needed forever stamps. One thing to note is that using a forever stamp can be more costly than when you decide to buy stamps from the post office or from the United States Postal Service.
In 2011, the USPS made all first-class stamps to be forever stamps as a result of their success, with just a few exceptions. Lately, in 2015, the USPS extended the forever stamp idea to postcards and more. The main concept of creating forever stamps was to get rid of the need for clients and the postal services to get and distribute new denominated stamps in the anticipation of price alteration thus affecting these stamp types, every time this forever stamps cost change takes place.
This has enabled the postal service to save money as they don’t need to gather and destroy outdated stamps. Also, clients are saved from the inconvenience of having to acquire stamps worth just some cents in order to be able to utilize their outdated stamps when prices increase.
To sum up, forever stamps are one of the most valuable stamps a person can buy as they will be able to use them at any time of day, even when the postal prices rise. The stamps enable one to send their envelope just within 3 business days and they can be bought at the current first-class mail price.