However, the law also allowed for the Postal Regulatory Commission to review the cap. In 2006, a law was passed to cap postage increases at the Consumer Price Index, which is the federal government’s main way to measure inflation. Since 1932, the price for one-ounce postage has increased steadily - from 3 cents to the current 60 cents. To decide whether it’s worth it to invest in Forever Stamps, it’s helpful to review the history of postage prices.

Is It Worth It To Invest in Forever Stamps? You can also buy an additional ounce stamp, which costs 24 cents.ĭenomination stamps can be used to add postage to older stamps with a face value that no longer meet current postage rates, according the USPS. For example, there are 1-cent, 2-cent, 3-cent, 5 cent and 10-cent stamps. Regular stamps differ from Forever Stamps in that they are printed in different denominations. Take Our Poll: Do You Think Student Loan Debt Should Be Forgiven? How Do Forever Stamps Differ From Regular Stamps? Forever Stamps are always equal in value to the current price of a U.S. You can use a Forever Stamp to mail a one-ounce letter at any time - no matter if you purchased it in 2007 or yesterday - no matter how much the price of stamps increases. The name, Forever Stamps, has a significant meaning. There’s also a Global Forever Stamp for international mail and a Forever Stamp for postcards.Īccording to the USPS, the Forever Stamp was created to make postage stamps user-friendly for consumers as stamp prices increased. Beginning in 2014, all new first-class, one-ounce stamps became Forever Stamps except for stamps sold in coils of 500, 3,000, and 10,000. Starting In 2011, all new first-class, one-ounce commemorative stamps were created as Forever Stamps. Flag Forever Stamp coils were introduced. The Liberty Bell design remained the only Forever Stamp until 2010 when a Holiday Evergreens Forever Stamp and Lady Liberty and U.S. The USPS began selling Forever Stamps, featuring an image of the Liberty Bell, in April of 2007. Are they worth the investment? Here’s what you need to know. Thankfully, there’s one way you can insulate your budget from stamp price increases: purchasing Forever Stamps. Read Next: This Credit Score Mistake Could Be Costing Millions of AmericansĪll in all, the price of a first-class stamp now costs consumers a nickel more than it did in June 2021 - and it’s possible that the price hikes could keep happening. The previous increase was in August 2021, when the USPS raised the price of a first-class stamp from 55 cents to 58 cents.įind: 9 Best Dollar Tree Items for Fall 2022 That rate hike is the second within a little over a year. In July, the United States Postal Service raised the price of a first-class stamp from 58 cents to 60 cents.

Forever stamp value