1954 10¢ Savings Stamps - no watermark, rose red
US #S1 was issued on this day in 1954.

On November 30, 1954, the Post Office Department issued its first Savings Stamp, #S1.

Over the years, there have been several different types of Savings Stamps in the US. In 1911, there were Postal Savings stamps that could be redeemed as credits to postal savings accounts. Then in 1917, there were War Savings stamps that could be redeemed for US treasury war certificates, defense bonds or war bonds. War savings stamps were discontinued after World War I, but were reinstated with American entry into World War II and took on a new look, featuring the patriotic “Minuteman.” Postal Savings stamps of this era also featured the Minuteman.

1954 25¢ Savings Stamps - no watermark, blue green
US #S2 was issued on December 30, 1954

The stirring Minuteman image was then applied to a new savings stamp introduced on November 30, 1954. The United States Savings stamps program was created to encourage savings and thrift among American schoolchildren.

Stamps were issued in denominations of 10¢, 25¢, 50¢, $1, and $5. Albums and other materials that appealed to the spirit of patriotism accompanied the “Minuteman” Savings stamps.

1956 50¢ Savings Stamps - no watermark, ultra
US #S3 was issued on December 31, 1956.

US Savings stamps were purchased by school administrators at local post offices and resold to students. An album containing $18.75 in Savings stamps could be exchanged for a US Savings Bond with a face value of $25.00.

In 1958, the 25¢ Savings stamp was reissued with a new design that incorporated a 48-star US flag. In 1961, the 25¢ stamp was updated to include a 50-star US flag in recognition of Alaska and Hawaii’s admission to the Union. The US Savings stamp program was discontinued in 1970.

1957 $1 Savings Stamps - no watermark, gray black
US #S4 was issued on March 13, 1957.
1956 $5 Savings Stamps - no watermark, sepia
US #S5 was issued on November 30, 1956.
1958 25¢ Savings Stamps - no watermark, dark blue & carmine
US #S6 was issued on November 18, 1958.
1961 25¢ Savings Stamps - no watermark, dark blue
US #S7 was issued in 1961.

Discover what else happened on This Day in History.

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