Denomination (postage stamp)

In philately, the denomination is the "inscribed value of a stamp".[1] For instance, if you visit the post office to buy a stamp to pay $1's worth of postage you will receive a stamp that has the value "$1" printed on it in words or numbers.

The denomination is not the same as the value of a stamp on the philatelic market, which is usually different, and the denominations of a country's stamps and money do not necessarily match. For instance, there might be a 47c stamp to pay a particular postal rate but there is unlikely to be a 47c coin.

Roumanie 1947 12 lei
A Romanian stamp from 1947 showing a denomination of 12 Lei.

No denomination shown

Where no denomination is shown, it may be because the stamp is deliberately non-denominated to pay the cost of a particular service, or because the stamp is not a postage stamp. It might be a cinderella stamp of some kind such as a poster stamp or charity label.

Letter-denominated first class stamps

Faced in 1978 with the problem of supplying stamps to satisfy an anticipated postal rate increase that had not yet been specifically determined, the United States Postal Service issued a stamp bearing the letter "A" instead of a numerical denomination, announcing that this stamp would cover whatever new first-class postal rate was approved by congress. Subsequent decades saw the issue of B, C, D, E, F, G and H stamps that similarly covered the periodic later rate increases.

Forever stamps

In 2007 the United States Postal Service issued its first undenominated "Forever stamp," which was guaranteed to remain valid for first-class postage despite any and all future postal rate increases. By 2011, the vast majority of new U. S. postal issues were forever stamps, although some new stamps still carried specific denominations. In 2015 the forever stamp was expanded into all other stamps (additional ounce, postcard, non-machinable surcharge, two ounce and three ounce) and stamps either have their intended purpose or the word "FOREVER" printed on them instead of a denomination.

Changes of denomination

Germany278
German hyperinflation surcharge 1923. A 5 thousand mark stamp overprinted to change it to 2 million marks.

Sometimes a stamp may have its denomination changed by the post office due to local circumstances. For instance, stocks of one value may be overprinted to show a different value due to stock shortages. In cases of hyper-inflation stamps have had their denomination changed by overprinting as existing denominations became worthless. In other cases, changes to the local currency have led to changes in denomination. For instance, when the Ryukyu Islands (at the time a United States protectorate) changed its currency from Yen to Dollars, a number of airmail stamps originally printed with Yen values were overprinted and re-denominated to cents in 1959–1960.

Hyperinflation Denominations

During periods of hyperinflation, non-overprinted postage stamps of extraordinary denominations have been issued. As one example, in Hungary, on 15 July 1946 a AP40,000 (Hungarian adópengő) stamp featuring a diesel locomotive[2] was issued. This was the equivalent of 80 quadrillion pengő (P80,000,000,000,000,000,000,000,000)[3]

See also

References

  1. ^ Sutton, R.J. & K.W. Anthony. The Stamp Collector's Encyclopaedia. 6th edition. London: Stanley Paul, 1966, p.93.
  2. ^ Kloetzel, James E., ed. (2009). "Hungary". Standard Postage Stamp Catalog Volume 3. Scott Publishing Company. p. 735. ISBN 978-0-89487-419-2.
  3. ^ Bech, Peter Kr. H. "The World's Biggest Hyperinflation Hungary 1945-46, illustrated through Philatelic Material". Heindorffhus Shoebox. Retrieved 21 November 2018. These values should be multiplied by 2 trillion for having the value in Pengő. Exemple[sic]: 10,000 Ap = 20,000,000,000,000,000,000,000,000 = 20 quadrillion Pengő (20 followed by 24 zeros).
Denomination

Denomination may refer to:

Religious denomination, such as a:

Christian denomination

Jewish denomination

Islamic denomination

Hindu denominations

Buddhist denomination

Denomination (currency)

Denomination (postage stamp)

Protected designation of origin, a protected product name, usually by region of production

Denomination (currency)

Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment like gift cards. For example, five euros is the denomination of a five euro note.

Face value

The face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value. For example, some rare coins or stamps may be traded at prices considerably above their face value.

Non-denominated postage

Non-denominated postage is postage intended to meet a certain postage rate that retains full validity for that intended postage rate even after the rate is increased. It does not show a monetary value, or denomination, on the face. In many English-speaking countries, it is called non-value indicator (NVI) postage. Invented to reduce the cost of printing large issues of low-value stamps to "top-up" old issues, NVI stamps are used worldwide, including in the United States and some European countries.

Postage stamps and postal history of the Philippines

This is a survey of the postage stamps and postal history of The Philippines.

In 1767, the first post office was established in the city of Manila, which was later organized under a new postal district of Spain, encompassing Manila and the entire Philippine archipelago, in 1779. The postal district was reestablished on December 5, 1837. A year later, Manila became known as a leading center of postal services within Asia. Spain joined the Universal Postal Union in 1875, which was announced in the Philippines two years later.

During the Philippine Revolution, President Emilio Aguinaldo ordered the establishment of a postal service to provide postal services to Filipinos during that time. It was later organized as a bureau under today's Department of Trade and Industry, then known as the Department of Trade, on September 5, 1902, by virtue of Act No. 426, which was passed by the Philippine Commission. The Philippines eventually joined the Universal Postal Union as a sovereign entity, on January 1, 1922.

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