Comments on: Stamp Price Increase (Again)

By: Linda

Linda — Sat, 24 Mar 2007 16:58:46 +0000

Thanks! Would you happen to know if the price of postcard stamps is gonna go up? I just bought 20 of those… =(

By: Saving Advice

Saving Advice — Sat, 24 Mar 2007 06:14:45 +0000

The forever stamp is purely a convenience move since the post office will now likely be raising prices yearly under the new law passed. By a supply for about 6 months when they come out, but there is no reason to buy huge quantities (in fact, it’s a bad investment move).

By: Shadox

Shadox — Sat, 24 Mar 2007 02:26:13 +0000

Seriously, many countries in the world have so-called “forever stamps”. It is only right. Think about it: by buying a stamp now you are essentially paying for your service immediately. By not using your stamp immediately all you are doing is giving the PO a credit line. If you do this in a savings account, you get interest. BUT if you give credit to the PO they punish you by effectively charging you more when you actually want to use the service which you already paid for.

It does not make sense from the PO point of view either. If anything they should encourage people to buy now and use stamps later. They not only profit from the “credit line” but also from attrition – i.e. people losing or for some other reason not using stamps.

By subjecting people to a price increase after they have already purchased stamps, they are encouraging people to only buy the stamps that they will use immediately, thereby limiting both attrition and free financing.

What amazes me is that people consider the “forever stamp” a strange move. For me it’s the other optino that does not make sense…

By: carl

carl — Fri, 23 Mar 2007 23:28:08 +0000

Thank god for bill pay. We rarely ever use the post office anymore

By: CreditNine.com

CreditNine.com — Fri, 23 Mar 2007 22:42:10 +0000

About time they had stamps which lasted.. Imagine if you had the Forever Beer.. buy 1 beer.. never have to buy another again

By: philskaren

philskaren — Fri, 23 Mar 2007 21:57:38 +0000

Ah, dang! I just bought the nice roll of fancy stamps that will be ugly when I put the 2 cents stamp next to it.

By: tanyetta

tanyetta — Fri, 23 Mar 2007 20:50:49 +0000

thanks! i wasn’t aware of the forever stamp and price hike.

By: Karen

Karen — Fri, 23 Mar 2007 20:04:02 +0000

I don’t know what I’ll do with this forever stamp thing. The thing that gets me is if ppl buy a ton of them, the PO makes a ton of money THIS year….
but then in subsequent years when ppl aren’t buying stamps b/c they are using their stash, then the PO will not have enough income, making them raise rates for those without the forever stamps. So I almost want to stock up and not get stuck paying EXTRA later.
We all know the PO won’t be smart enough to invest their windfall from the forever stamp now to help pay expenses later.
As it is I don’t get $0.39 worth of service per letter (I always get the wrong mail in my box, and who knows who is getting MY mail!)

By: Brick

Brick — Fri, 23 Mar 2007 19:55:09 +0000

Thanks for the info on the “forever stamp”. I think it’s a great idea. It’s a pretty radical move. Good advice to hold off on large stamp purchases until this new forever stamp is available.