1940 40c Stock Transfer Stamp,bright green

Own a Scarce Imperforate 1940 Stock Transfer Stamp
Missing from Most Collections

Take this opportunity to own a very scarce imperforate 1940 40¢ Louis McLane Stock Transfer stamp in mint-fresh, never-hinged with fine centering.  Only a limited number of imperforate Stock Transfer stamps were produced, but they were never intended for public sale. 

Hidden Away in the Vaults of the Smithsonian for Decades…

This scarce imperforate stock transfer comes directly from the 2006 National Postal Museum US Revenue stamp auction.  Smithsonian experts estimate only 17 complete collections of imperforate Stock Transfer stamps in pairs are now available for us collectors.  The National Postal Museum owned the entire supply for over 80 years until making the decision to part with them at auction.  Many are now locked away in permanent collections.

Mystic was lucky to get our hands on a small handful and several have been snapped up already.  Imagine the thrill of being one a handful of collectors in the world able to own one of these stamps! 

What Are Stock Transfer Stamps?

Stock Transfer stamps covered the federal tax rate on “sales or agreement to sell, deliver, or transfer share certificates of stock.”   The stamps were first issued in 1918, when the tax became permanent. 

For several years, Stock Transfer stamps were created by overprinting Documentary stamps.  Beginning in 1940, the first permanent Stock Transfer stamps were issued, picturing Secretaries of the Treasury.  They were overprinted with the year of use in black.  Authorities in the Treasury Department were concerned about evasion of stock transfer taxes.  The year of use overprint allowed the department to track how many stamps were issued and to track transactions to the correct year.  The following year, the same basic stamp was used, but with “1941” imprinted and so on… until 1952 when the stamps were discontinued.  Because of their overprint and bright green color, they’re called “the dated greens”.

Get Yours Now – Your Satisfaction is Guaranteed

This is your chance to own the 1940 “dated green” stamp picturing Louis McLane, America’s 10^th secretary of treasury.  This imperforate stamp is extremely scarce plus its in mint-fresh, never-hinged condition with fine centering.  To get it in your collection, act now, as we have very few left!  As always, your stamp is backed by Mystic’s 100% satisfaction guarantee.

Louis McLane – America’s 10^th Secretary of the Treasury

Louis McLane (1786-1857) served as secretary of the Treasury during the period which became known as the Bank War.  McLane took the role on August 8, 1831, with the looming issue of the Second Bank of the United States at the forefront.  McLane was instrumental in negotiations between President Jackson and bank president Nicholas Biddle.  He proposed an overarching plan to reduce the national debt, but in the end, his arguments failed to win over President Jackson,