Postage stamps had a different level of importance before the advent of telephones and the internet. These were the times when letters were the only means of communication. However, there are still many people who still use the mails. Hence, stamps have not entirely lost their value. They are also quite popular among the stamp enthusiasts who maintain stamp albums as a hobby. Each of the stamps has its own unique story. Hence, owning an album of it can be quite interesting. If these are unused stamps, they can also be used in the future while sending letters or in other cases, they are sold at quite lucrative prices at the auctions.
The price of the stamps constantly goes through ups and downs depending on the condition of the economy. However, recently, due to the inflation, the stamp prices are steadily going up. The cost for mailing on a piece of the first-class letter used to be 46 cents. However, this will soon jump to 49 cents. Similarly, earlier a book containing 20 individual stamps was priced at $9.20. Now this will go up to $9.80. This increase of 3 cents in the price of an individual stamp has been the highest in the United States Postal service’s history for the last decrease. Consequently, the price of mailing a single postcard will also go up by 34 cents, which is an increase of 1 cent.
This increase in the price of a book a stamp was announced on 30th December and is expected to make up to the deficit in the budget that the United States Postal Service has been facing in the past few years. Although this was announced much earlier, this only came into effect since the 26th of January. If you own stamps that had been purchased before that, their values will not be affected and you can still use them in a regular way. This price increase is not an immediate decision. Instead, it was discussed since a very long time and an official voting was held on the 24th of September. The price hike is in accordance to the changes seen with the CPI or the Consumer Price Index.
How much is a book of stamps?
Any regular book of stamps in the United States has a total of 20 stamps. Hence, at the rate of 49 cents per stamp, the entire booklet can cost you a total of $9.80. You may purchase these stamps from a number of places such as the post office, grocery stores, retail stores, online stores and sometimes, even gift shops. Since the valuation of the stamps that have already been issued are not affected by the price hike, you can buy them in bulk so as to save the cost of mailing in the future. It may seem like a difference of only a few cents. However, when you enter the sweepstake, it can make quite a huge difference. The stamp books are available in different themes such as historical events and dates, prominent figures, and much more. Some are even issued in limited editions.