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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 many cases, collections of war savings stamps could be redeemed for Treasury Certificates or War Bonds.
The stamps were issued on January 1, 1874, in two denominations, 5 centimos and 10 centimos, and depicted the Spanish coat of arms along with the inscription "Impuesto de Guerra" or "Impto de Guerra". The 5 centimo value was intended for use on letters, and the 10 centimo for use on stamped documents. [1]
The denominations for coil stamps of these series range only from 1-cent up to 10-cents. While the 1–5 cent denominations were issued almost continuously the 10-cent coils were only issued twice, once as a yellow Washington-head stamp first issued in 1908, (See: Coil stamps Table-1) and once as a 10-cent yellow Franklin-head coil that wasn't ...
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.
In 1851, Congress reduced rates for typical uses such as printed matter to one cent, and three-cent letter postage versus five or ten-cent rates. Postal distances for each rate were extended as much as ten times, for example, from three hundred to 3,000 miles. [2]
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They consisted of an engraved 5-cent red brown stamp depicting Benjamin Franklin (the first postmaster of the U.S.), and a 10-cent value in black with George Washington. Like all U.S. stamps until 1857, they were imperforate.