Discussion of Forex Trading and Currency Trading

Stamps used as currency?

Is it true that stamps can be used as currency, and if so where would be the best place to use them? Can I take them to the post office and exchange for cash? bank?

I am leaving the country and US stamps will be no good elsewhere. That is why I would like to cash them in.
No, I am not talking about food stamps, I am talking about postage stamps.

It turns out that during the civil war stamps were used as currency in the US due to metal shortages (also during WWI and WWII in the UK).
While that is of no use to my situation, it does explain where the misconception that stamps are legal tender came from.
A google search does not come up with a quick authoritative and definitive answer but it does reveal that lots of people are asking the same thing as I did.

And yes, I was home schooled.

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3 Responses to “Stamps used as currency?”

  1. Resident Heretic Says:
    September 19th, 2009 at 7:44 am

    No, you can’t use postage stamps as "currency". You’re probably thinking of FOOD stamps, which aren’t really stamps at all anymore. They used to be food COUPONS, but these days you get what’s called an EBT card (like a debit card, but with limitations).
    You also can’t "cash in" stamps at the post office. Once you buy them, you either use them or sell them for face value to someone who needs them.
    Seriously, are you home schooled?

  2. There was a time when stamps could be sent through the mail to pay for mail order items. I don’t know much about this except that it was a relatively common practice at one time. I suspect stamps were used to make small payments in lieu of change, which was too heavy to affordably send thru the mail or a check or money order written for an unreasonably small amount. Occasionally even today you will see on order forms a statement similar to "do not remit stamps," "stamps not accepted for payment," or just "do not send stamps." (The latter could refer to sending stamps to cover return postage, though.)

    I know the practice is generally not accepted now, though.

    My local post office WILL NOT accept stamps in return. I believe this is a postal reg or a policy, and would be very surprised if you were able to do so at your local post office. But you could trade the stamps to a friend for cash or something you need. Some businesses might buy stamps from you as a favor to you, although businesses are increasingly using postal meters, electronic postage or prepaid bulk postage permits. Try the business office at your church, mosque or synagogue if you have one, for example. A local shipping store or grocery store customer service counter might accept stamps if they are in resaleable condition. If you go to a school, the bookstore or other shop might accept the stamps, again as a favor to you.

  3. US stamps cannot be used as currency. You can probably sell them to friends and neighbors at face value (or current price if they are "forever" stamps). Or try talking post office into buying them back.

    You’re right stamps were used instead of cash during economic times. German "mark" is precisely the word for postage stamp for that reason.
    But this was long time ago, now dollars is the only legal money in US.

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