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During World War I, 25-cent Thrift stamps were offered to allow individuals to accumulate enough over time to purchase the standard 5-dollar War Savings Certificate stamp. When the Treasury began issuing war savings stamps during World War II, the lowest denomination was a 10-cent stamp, enabling ordinary citizens to purchase them.
In the United States Postal Savings Stamps were introduced in 1911 and War Savings Stamps were issued during both World Wars. Savings stamps are worth their face amounts; the denominations are $0.10, $0.25, $0.50, $1, and $5. The sale of savings stamps was discontinued on June 30, 1970. Elsewhere
Benjamin Franklin — George Washington The First U.S. Postage Stamps, issued 1847. The first stamp issues were authorized by an act of Congress and approved on March 3, 1847. [20] The earliest known use of the Franklin 5¢ is July 7, 1847, while the earliest known use of the Washington 10¢ is July 2, 1847.
Its first war tax stamps, produced by modifying the dies of its King George V stamps to read "WAR TAX", were released in March 1915, in denominations of 1 and 2 cents. There are also denominations in 4 and 8 cents. One bank-note from the 1920s is known to have both the 4 and 8 cent, original style, war-tax stamps.
The first series of revenue stamps have two distinctive design types with each stamp designating the tax 'duty'. Designs for denominations 1-cent through 20-cents were simple, bearing a portrait of George Washington, while stamps with denominations 25-cents through 1-dollar are larger and have a more elaborate design and also designate the tax duty in a lower banner.
The first Washington–Franklin postage stamp to be released was a 2-cent stamp issued on November 16, 1908. Other denominations soon followed and would continue to appear through the first World War years, with the last Washington–Franklin postage stamp issued in 1923.
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