The U.S. Postal Service announced today that the price of a first-class stamp will go up by 2 cents to 44 cents on May 11.I know it's only a couple of cents, but I predict a run on Forever Stamps.
The Forever Stamp will continue to sell for 42 cents until May 11. As the name implies, it will take on the value of a first-class stamp in the future.
Since the Forever Stamp was introduced in April 2007, the Postal Service has sold more than 6 billion Forever Stamps.
Forever Stamps went on sale for 41 cents but the price rose to 42 cents in May 2008.
Of course, one of the major reasons the Postal Service is raising prices is that fewer people are mailing letters. It's a vicious cycle and raising the price of stamps doesn't help. So expect the Postal Service to continue raising rates in the future.
The Postal Service lost $2.8 billion in 2008.
Other changes taking effect May 11:
— The postcard stamp increases 1-cent to 28 cents.
— The first ounce of a large envelope increases 5 cents to 88 cents.
— The first ounce of a parcel increases 5 cents to $1.22.
— New international postcard and letter prices are, for one ounce, 75 cents to Canada; 79 cents to Mexico; and 98 cents elsewhere.
2 comments:
Hi Tony - good advice! Wanted to let you know that if you are buying larger quantities, its often possible to buy forever stamps on ebay for less than the current postage rate. Here's a free tool I just wrote (Forever-Stamps.com) that scans ebay to help find discounted forever stamps for sale.
I believe the post office is in my opinion obsolete. In the next 5 to 10 years the post office will find itself in a position that the rates to mail something are too insane compared to UPS, FedEX, DHL, etc. as if they are not already there.
Me personally I may use 3 or 4 stamps a year at best. I will have forever stamps that I bought in 2007. Everything is done online these days. I pay my electric bill online, I pay my cable bill online. The only utilities I have to even mail a payment for are my water, and sewer, and my personal favorite local taxes.
Tony we should just put it out in the open right here and now. The post office is a over bloated service of government that contributes to waste in paper and contributes to "global warming". We would not have all that excess CO2 if those greedy people at the post office would stop contributing to cutting down trees that would be more than happy to absorb all that lonely CO2. So in the name of saving the planet we need to cut down government. Bigger government is killing the planet :)
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