# 2534 PB - 1991 29c US Savings Bonds
US #2534
1991 US Savings Bonds
- Commemorates 50th anniversary of US Savings Bonds
- Designed to look like World War II bond poster
Category of Stamp: Commemorative
Value: 29¢, First Class mail rate
First Day of Issue: April 30, 1991
First Day City: Washington, DC
Quantity Issued: 150,560,000
Printed by: Bureau of Engraving and Printing
Printing Method: Photogravure
Format: Panes of 50, from printing cylinders of 200 subjects (10 across, 20 down)
Perforations: 11
Reason the stamp was issued: The stamp was issued to honor the 50th anniversary of the World War II-era E Series Savings Bonds.
About the stamp design: Primo Angeli, an advertising designer, used stock graphic images to create the computer-generated stamp art. The Bald eagle has been pictured on a number of US stamps. The stamp was designed to resemble the World War II posters advertising Savings Bonds.
First Day City: The First Day of Issue ceremony was held in the newly renovated Cash Room of the Treasury Building in Washington, DC.
US Savings Bonds
The practice of the government selling securities to the public dates back to 1776. That year, private citizens bought more than $27 million in government bonds to help pay for the American Revolution. They put their trust in their new government that they would be repaid. And indeed, they were all repaid, and on time, proving the system worked and paving the way for a new American tradition.
By the mid-1930s, the nation was shaken by the Great Depression, leaving many Americans with little confidence in financial institutions. US Treasury Secretary Henry Morgenthau, Jr. had seen how some programs targeting ordinary citizens had worked well in Great Britain and France and believed a similar program could work in America. He felt that encouraging smaller savers would decrease the dependence on large private investors, while also giving those citizens a more vested interest in national policy. So Morgenthau developed a new type of government security for general financing that would more greatly appeal to the mass market and was specifically tailored to small savers.
US #2534
1991 US Savings Bonds
- Commemorates 50th anniversary of US Savings Bonds
- Designed to look like World War II bond poster
Category of Stamp: Commemorative
Value: 29¢, First Class mail rate
First Day of Issue: April 30, 1991
First Day City: Washington, DC
Quantity Issued: 150,560,000
Printed by: Bureau of Engraving and Printing
Printing Method: Photogravure
Format: Panes of 50, from printing cylinders of 200 subjects (10 across, 20 down)
Perforations: 11
Reason the stamp was issued: The stamp was issued to honor the 50th anniversary of the World War II-era E Series Savings Bonds.
About the stamp design: Primo Angeli, an advertising designer, used stock graphic images to create the computer-generated stamp art. The Bald eagle has been pictured on a number of US stamps. The stamp was designed to resemble the World War II posters advertising Savings Bonds.
First Day City: The First Day of Issue ceremony was held in the newly renovated Cash Room of the Treasury Building in Washington, DC.
US Savings Bonds
The practice of the government selling securities to the public dates back to 1776. That year, private citizens bought more than $27 million in government bonds to help pay for the American Revolution. They put their trust in their new government that they would be repaid. And indeed, they were all repaid, and on time, proving the system worked and paving the way for a new American tradition.
By the mid-1930s, the nation was shaken by the Great Depression, leaving many Americans with little confidence in financial institutions. US Treasury Secretary Henry Morgenthau, Jr. had seen how some programs targeting ordinary citizens had worked well in Great Britain and France and believed a similar program could work in America. He felt that encouraging smaller savers would decrease the dependence on large private investors, while also giving those citizens a more vested interest in national policy. So Morgenthau developed a new type of government security for general financing that would more greatly appeal to the mass market and was specifically tailored to small savers.