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.
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