1955 10c Savings Stamps,Minute Man, booklet pane of 10

The United States Savings stamps program was created in 1954 to encourage savings and thrift among American schoolchildren. 

Stamps were issued in denominations of 10¢, 25¢, 50¢, $1, and $5. The “Minuteman” Savings stamps were accompanied by albums and other materials that appealed to the spirit of patriotism.

U.S. Savings stamps were purchased by school administrators at local post offices and resold to students. An album containing $18.75 in Savings stamps could be exchanged for a U.S. Savings Bond with a face value of $25.00.

In 1958, the 25¢ Savings stamp was reissued with a new design that incorporated a 48-star U.S. flag. In 1961, the 25¢ stamp was updated to include a 50-star U.S. flag in recognition of Alaska and Hawaii’s admission to the Union. The U.S. Savings stamp program was discontinued in 1970.