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Note of the Month: Postal Savings Certificate

By Neil Shafer

Postal Savings Certificates were used for many years, going back to the earlier 20th century. This $1,000 certificate was issued in Puerto Rico and dated in 1965.

A year later, the gradual phaseout of the whole system was begun. This denomination and a companion $2,500 were added only for the Series of 1954 issue, the last; it used punch-card style notes.

Though postal savings stamps may still be turned in for cash, none of these certificates are redeemable.

 

This article was originally printed in Bank Note Reporter. >> Subscribe today.

 

 More Collecting Resources

• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.

• Start becoming a coin collector today with this popular course, Coin Collecting 101.

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