Meanwhile, the Postal Service wins because it will never have to track down "expired" postage. You can buy a stockpile of stamps when rates are set to go up and save yourself those extra cents. Well, it turns out that the increased revenue from offering new, costlier stamps would be more than offset by the expense of having to collect and destroy outdated stamps each time the postage rate changes. The cost of a Forever stamp would go up 3 cents, from 60 cents to 63 cents. Postal Service requests rate increases as inflation rises, meaning prices at the post office go up most years.Ī good deal of the USPS' revenue comes from stamps - so why does it want you using older forever stamps when rates go up? Wouldn't it make more sense for the agency to make and sell new stamps with higher values? The USPS plans to increase prices of affected postage by 4.2, which amounts to a few cents per stamp. Postage prices are roughly tied to inflation. Get Started-100% Free Why do we have forever stamps? Sign up for Credit Sesame and see everything your credit score can do for you, find the best interest rates, and save more money at every step of the way. It's better to save your forever stamps for regular mail and buy a mix of stamps in smaller and larger denominations to help you hit the higher rates on oversized and international letters and cards. So if you've got a letter weighing in at close to 2 ounces and you add a second forever stamp worth 60 cents, you’ll be paying $1.20, not the required 84 cents. Postage for an additional ounce costs 24 cents. You might use two or more forever stamps on letters that are weightier or are going to international destinations, but that may not be the best strategy. Your forever stamp will be worth the domestic first-class-mail letter price the day you use it. The stamps are always sold at the same price as regular first-class postage.īut if you’re sending an oversized letter or mailing something internationally, you can use a forever stamp, but you’ll need to attach additional postage. Within the U.S., you need only a single forever stamp to send a regular-sized letter. Postal officials say they believe these new rates will help keep the Postal Service competitive while providing some needed revenue. To give a couple of examples: The cost of using a Priority Mail medium flat-rate box climbed to $16.10 from $15.50, and the rate for a small flat-rate box went up to $9.45 from $8.45. Meanwhile, 2022 brought an average 3.1% increase in rates for Priority Mail services. The Hobbizine United States Stamp Value Guide provides market prices for stamps in both mint and used condition. Officials noted around the time of last year's increase that the Postal Service is losing billions of dollars because of a 28% drop in mail volume over the last 10 years. The Postal Service started 2022 by making no change in the price of a forever stamp or the first-class letter rate, but hiked prices on July 10. The price of a first-class forever stamp will go up to 63 cents from 60 cents. The Postal Service announced in October that the prices for forever stamps will increase on January 22, 2023. Install Capital One Shopping Will the cost of a forever stamp increase? Find out how much you can save by contacting us today.Simply add Capital One Shopping to your browser, and shop like normal. Our experts can help you access these rates. If you are mailing letters in higher volumes, you may be eligible for additional savings on postage. Other Letter-post (Includes Non-standard and Oversize) If you are mailing more than 1000 letters, you may be eligible for a discount by working with us as your mailing partner.Ĭontact us today to find out more. We’re experienced in mailing to th e United States and can guide you through the USPS process. USA Postage Rates Mailing can be complicated, but Mail-O-Matic is here to help!
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