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poison7FL
- Senior Member - 3K
posted: Mar. 21, 2007 @ 8:19a
Speculating on stamps won't be the way to make money.... People are just not going to seek you out to by a book of stamps to save a buck, that is the bottom line. Plus, in the future, when you think they will be worth more, people will actually be buying less, leaving you holding the bag.
With online bill pay exploding, stamps are the "classic car" of the time. I am know using 8 stamps per year now, down from 12 per month and Companies mostly use meters.
Good Luck, And remember, you don't see too many movies where the stars are frolicking in a bed full of stamps! |
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sredni
- Senior Member
posted: Mar. 21, 2007 @ 4:34p
One good way of making money out of this whole business might be to stock up on the 39 cent stamps and then sell them to philatelists on eBay after a few years when there are none left in circulation. |
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mshen11
- Tired Member
posted: Mar. 21, 2007 @ 7:30p
<<One good way of making money out of this whole business might be to stock up on the 39 cent stamps and then sell them to philatelists on eBay after a few years when there are none left in circulation.>>
since the '20s thats been a losing proposition. you don't see deep discounts on "old commemorative stamps" on eBay? |
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jdopple
- Senior Member - 1K
posted: Mar. 21, 2007 @ 8:32p
sredni said:One good way of making money out of this whole business might be to stock up on the 39 cent stamps and then sell them to philatelists on eBay after a few years when there are none left in circulation.
I have a bridge in Brooklyn for ya ,cheap..... |
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karjoli1
- Member
posted: Mar. 21, 2007 @ 9:41p
Speaking of stamps This may be the future No money for stamps? Advertiser will help you Amsterdam: For Dutch consumers who wish to save 44 euro cents (30 pence) on posting a letter, there is a solution: an advertisement on the back of the envelope. Dutch advertising company gratis-post.nl will begin offering consumers a pack of five envelopes with free stamps next month that they can use for standard letters up to 20 grams.
The envelopes carry advertisements on the back, and the person requesting them also has to agree to receive advertising by mail or email from the participating companies, a company spokesman said.
The company says the offer is unique in Europe. Copyright 2004 Reuters Limited. |
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Dracolith
- Senior Member
posted: Mar. 22, 2007 @ 12:46a
frootmall said:But if the cost of a forever stamp is the same as the cost of a regular stamp, it makes sense to buy forever stamps instead of regular stamps. You are no worse off buying them and in case you have any left over when the rate goes up, you save the cost of extra postage.
Hm.. consider buying some of these and holding onto them say for 30 years.
Assume the post office doesn't invalidate them or later decide "forever stamp" was a bad idea and give them a value.
Your letter mailing habits are now shielded from inflation. You will be able to still mail a letter for the original $0.42 cents, whereas everyone else will be paying $347,163 to mail a letter, the one or two times every year they actually mail something by paper.
Whether it's a good deal or not depends on taxes and the rate of inflation.
I'm assuming 30 years from now, the postal service won't send you a 1099 for $347,163 - $0.42 capital gain when you actually mail a letter using the stamp; taxes could make this worthwhile or not, and there's no certainty about the law that far into the future.
No way of being sure what kind of returns will be available from a savings account also; that depends on what kind of banking and investment services are available, what the average rates of return available are, and how much those returns will be taxed. |
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JudFry
- Senior Member
posted: Mar. 22, 2007 @ 8:43a
It sucks going to the post office and waiting in line to buy a 2 cent stamp. Not only do you waste more then 2 cents in gas you also waste 20 minutes of your time and a minute of theirs. The cost to produce the 2 cent stamp plus the cost to sell them has got to be more then 2 cents. This is a major waste of your time and of the postal employees time. Not to mention the guy behind you who needs to mail a package and now has to wait on you to complete your purchase of your 2 cent stamp. It all adds up to a complete waste of time and resources. The forever stamp is a good idea. Even better would be that they say that the current stamps are "forever" also. Might as well start off now! |
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Libero
- Member
posted: Mar. 22, 2007 @ 9:02a
Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
Furthermore, if everyone hoards these stamps, say buy $1000 worth right now. The PO will make a lot of money off of that influx of cash. I love the government. |
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UnixLab
- Senior Member
posted: Mar. 22, 2007 @ 9:37a
karjoli1 said:Speaking of stamps This may be the future
No money for stamps? Advertiser will help you Amsterdam: For Dutch consumers who wish to save 44 euro cents (30 pence) on posting a letter, there is a solution: an advertisement on the back of the envelope. Dutch advertising company gratis-post.nl will begin offering consumers a pack of five envelopes with free stamps next month that they can use for standard letters up to 20 grams.
The envelopes carry advertisements on the back, and the person requesting them also has to agree to receive advertising by mail or email from the participating companies, a company spokesman said.
The company says the offer is unique in Europe. Copyright 2004 Reuters Limited.
If this starts in US, then buying the stamp to stock up will probably be the worst investment. |
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tooshy
- Frivolous Member
posted: Mar. 22, 2007 @ 12:19p
stallion1031 said:tooshy said:Of course the post office will be the big winner...every which way. No thank you.
I dunno, stamps and mailing things seems like a pretty good deal. For 41c someone will come to my house and pick up an envelope. Then they will deliver that envelope anywhere in the US. I wouldn't deliver something down the street for 41c. I equate buying "forever stamps = investment" akin to stocking up on "nonperishable food, clothing, etc. = investment". Or equate it to plain buying ahead of need as an investment. At least with prebuying SALE items, I am saving on the sale discount as well as gaining on any future inflation so I find stocking up these consumer items better use of my investment dollars than the forever stamp (why not look at purchasing consumer goods as an investment right?). However with clothing, I think we're on a deflation cycle (even non sale clothing is getting cheaper). Women's clothing on sale right now at Sears for example is $1.99...I can't even buy a spool of thread or card of buttons for that price. Sears fashion is not fashionable (no difference between the on sale $1.99 and anything else that is current at the store) and for that reason the $1.99 clearance becomes an especially GOOD bargain if you're into Sears clothing at all. IMO, Sears clearance is a better float of my money than forever stamps. But that's if you don't mind wearing Sears...hmmm judging by the +29 for above post I see this merits -29. |
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sultorn
- Member
posted: Mar. 22, 2007 @ 12:43p
With the way things are headed - emails replacing personal letters, online bill pay replacing mailed in payments, online rebates, etc - it seems the personal need for stamps will continue decreasing.
The last time I mailed something, it was a package. The time before that, it was a money order and I needed to overnight it (Express Mail). I have a stack of stamps at that I still haven't used. |
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WalStMonky
- Happy Member
posted: Mar. 22, 2007 @ 12:44p
Libero said:Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
It used to be very much against the law to try to compete with the Post Office...did that change? |
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UnixLab
- Senior Member
posted: Mar. 22, 2007 @ 12:55p
WalStMonky said:Libero said:Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
It used to be very much against the law to try to compete with the Post Office...did that change?
Huh..? Aren't Fedex, UPS, DHL considered as compete with USPS ? They just can't beat USPS's price to do regular mail. There are local private carriers everywhere too. I see that as compete with USPS, Fedex, UPS, DHL. |
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davef139
- Senior Member - 2K
posted: Mar. 22, 2007 @ 1:18p
UnixLab said:WalStMonky said:Libero said:Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
It used to be very much against the law to try to compete with the Post Office...did that change?
Huh..? Aren't Fedex, UPS, DHL considered as compete with USPS ? They just can't beat USPS's price to do regular mail. There are local private carriers everywhere too. I see that as compete with USPS, Fedex, UPS, DHL.
They are some competition but federal law prohibits i think door to door deliveries. Besides alll the major companies carry USPS mail anywho. |
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frootmall
- Senior Member - 1K
posted: Mar. 22, 2007 @ 2:17p
WalStMonky said:Libero said:Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
It used to be very much against the law to try to compete with the Post Office...did that change? It still is against the law to compete with the Post Office in the carriage of First Class matter. However, 39USC601(b) authorizes the postal service to issue suspensions of this restriction.
The USPS did in fact issue a suspension in 1979 for "extremely urgent" matter and certain other matter. The suspension is contained in 39CFR320.6. This suspension was issued about the time the postal service introduced Express Mail.
Specifically, 39CFR320.6(c) says that "It will be conclusively presumed that a letter is extremely urgent and is covered by the suspension if the amount paid for private carriage of the letter is at least three dollars or twice the applicable U.S. postage for First-Class Mail (including priority mail) whichever is the greater." 39CFR320.6(d) also requires that such letter contain the words "Extremly Urgent" or "Private Carriage Authorized by Postal Regulations (39 CFR 320.6)" on the outside of the box. So if you ever wondered why FedEx envelopes have the words "Extremely Urgent" on them, now you know.
Under this definition, you can FedEx your Christmas cards in July and they will be considered extremely urgent and comply with the law.
About once a year or so, the Wall Street Journal prints a story about some business that gets busted for violating these regulations. They rant and rave about the horrors of the postal monopoly. The article never mentions that the solution to the problem is simply to issue the shipping department of the company a rubber stamp that says "Extremely Urgent." |
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WalStMonky
- Happy Member
posted: Mar. 22, 2007 @ 2:18p
UnixLab said:WalStMonky said:Libero said:Eventually a private company is going to figure out a way to do what the PO office does for less $. Then the forever stamps won't be worth anything.
It used to be very much against the law to try to compete with the Post Office...did that change?
Huh..? Aren't Fedex, UPS, DHL considered as compete with USPS ? They just can't beat USPS's price to do regular mail. There are local private carriers everywhere too. I see that as compete with USPS, Fedex, UPS, DHL.
So Ruth's Chris Steakhouse must compete with Taco Bell. After all, they both make money feeding hungry people.
Private Express Statutes |
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TheScreamer
- Frivolous Member
posted: Mar. 22, 2007 @ 10:18p
Wouldn't this be the same as using a non-denom? |
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frootmall
- Senior Member - 1K
posted: Mar. 22, 2007 @ 10:38p
TheScreamer said:Wouldn't this be the same as using a non-denom? This question was already asked here and answered here. |
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yesidonoitall
- Senior Member - 10K
posted: Mar. 23, 2007 @ 3:27a
rseiler said:A summary with some additional data (oh, Priority Mail, why do you hate me so?):
The rates taking effect May 14 include: - Letters, bill payments, greeting cards: 41 cents for the first ounce, up from 39 cents. - Wedding invitation (2-ounces), 58 cents, down from 63 cents. - Postcard, 26 cents, up from 24 cents. - Priority mail flat-rate envelope, $4.60, up from $4.05. - Express Mail flat-rate envelope, $16.95, up from $14.40. - Parcel Post, 1-pound package, $4.50, up from 3.95. - Bank statement, 2 ounces, presorted, 45.9 cents, down from 54.4 cents. - Utility bill, barcoded, 31.2 cents, up from 29.3 cents. RE: Wedding invitation (2-ounces), 58 cents, down from 63 cents.
Is it marked on the outside and subject to inspection? Never heard of that, do they open the envelope to e sure it is a wedding invite?
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frootmall
- Senior Member - 1K
posted: Mar. 23, 2007 @ 3:45a
yesidonoitall said: RE: Wedding invitation (2-ounces), 58 cents, down from 63 cents.
Is it marked on the outside and subject to inspection? Never heard of that, do they open the envelope to e sure it is a wedding invite? Maybe you're joking and I'm falling for the bait:
All two ounce first class letters will go down from 63 to 58 cents, regardless of what is inside. The rate for additional ounces was 24 cents, but the rate for additional ounces is going down to 17 cents. (There's a surcharge under the new rates for a letter that exceeds 3.5 ounces.)
No special marking is necessary. There is no special rate for wedding invitations. I think whoever wrote that article just thought wedding invitations would be an example the common people could relate to. |
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