But the Postal Regulatory Commission recently gave the agency additional rate authorities. In the past, inflation caps limited the USPS’s ability to raise the price of a stamp by keeping postage increases in line with inflation rates. So why is the price of stamps increasing now? Linn’s Stamp News points out that many of these are services in which the USPS holds a monopoly. The services that will be affected by these twice-a-year price hikes include first-class mail, marketing (advertising) mail, periodicals, package services, and special services. Which classes of mail will see the biggest postage increase?
#Stamp price full#
It’s also warning its members, “We assume USPS will use the full pricing authority it has at any moment.” 😬 An industry watchdog called The Alliance of Nonprofit Mailers declared this filing “a death spiral accelerator” for the USPS. If you think that statement sounds somewhat ominous, you’re not alone. 'With the new prices, the Postal Service will. Officials say the price hike is lower than the current rate of inflation and that mail rates remain competitive. The forever stamp rate was last raised on July 10, 2022, when it rose from 58 cents to 60 cents. It “intends to be judicious in the use of available pricing authority, but anticipates the prospect that, given our current financial condition, the price change for each market-dominant class may be required to apply most or all pricing authority available on the date of filing.” The price of a 'forever' stamp, used on the standard first-class letter, is now 60 cents. The USPS said the following about the Postage Increase: See this press release for more information.īeyond that, the USPS has announced plans to raise the price of postage twice a year, every year continuing in January of 2023. In addition, USPS is proposing to increase the cost of metered letters, postcards, and international mail as detailed below. The United States Postal Service is planning to increase the price of Forever Stamps from their current cost of 60¢ to 63¢ effective on January 22, 2023. The price of a stamp is going up and will continue to go up every year. You’ll notice on the chart below, that the older the stamp and the higher the denomination, the more value it has.The price of stamps will increase incrementally and continually. For example, mailing a parcel in 1892 for $5 would be equivalent of mailing something for $200 today. The government printed them by the millions, and they have survived in great quantities in stamp collections and hoards.Ī good rule of thumb is the older the stamp and the higher the denomination on it, the higher the value. The vast majority of stamps issued after 1930 have little to no value. However, just because a stamp is old doesn’t mean it’s valuable.
If you have stamps older than 1930, they may have premium value over the face value. This is how you can identify them and determine their value. The Stamp Type will have these words printed on the stamp. Following the Jrate increase, the current Forever Stamp Rates are: Forever Stamp One Ounce: 0.60 Additional Ounce Forever: 0.24 Two Ounce Forever Stamp: 0.84 Three Ounce Forever Stamp: 1.08 Postcard Forever Stamp: 0.44 Global Forever Stamp: 1.40 One Ounce Metered Mail: 0. Stamps are considered Modern if they were issued between 2007 and today. They do not expire, and increase in value when the postage rates increase. Stamp prices most recently increase in July. These types of stamps are always worth the current Post Office rate. Prices are also set to increase on Certified Mail, Post Office Box rental fees, money order fees and the cost to purchase insurance when mailing an item. In 2007, USPS released the first Forever stamp. We’ve separated the stamps into 3 different groups, depending on their type. Here are the 2022 current stamp values of the most popular stamps.
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