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However, this legislation was set to expire in April 2016. As a result, the Post Office retained one cent of the price change as a previously allotted adjustment for inflation, but the price of a first-class stamp became 47 cents: for the first time in 97 years (and for the fourth time in the agency's history) the price of a stamp decreased. [32]
The Regular Issues of 1922–1931 were a series of 27 U.S. postage stamps issued for general everyday use by the U.S. Post Office. Unlike the definitives previously in use, which presented only a Washington or Franklin image, each of these definitive stamps depicted a different president or other subject, with Washington and Franklin each confined to a single denomination.
The 5-cent stamp paid for a letter weighing less than 1/2 ounce and traveling up to 300 miles, the 10-cent stamp for deliveries to locations greater than 300 miles, or, twice the weight deliverable for the 5-cent stamp. Each stamp was hand engraved in what is believed to be steel, and laid out in sheets of 200 stamps.
The new stamps were printed in several colors and depicted a portrait of George Washington on all thirty denominations from one-cent to $200. [6] The engraved image of Washington was modeled after a painting by Gilbert Stuart. [7] The first issues were printed on hard brittle paper and later printed on soft woven paper of varying thicknesses.
The stamps went on sale October 1, 1851, in three denominations covering three rates: the 2-cent stamp was for newspapers going to the US, the 5-cent value was for regular mail to the US, and the 13-cent value was for mail to the US East Coast, combining the 5 cents of Hawaiian postage, a 2-cent ship fee, and 6 cents to cover the transcontinental US rate.
The Magsaysay 8-cent issue of 1957 was only issued in an 8-cent denomination and perforated 11 gauge, while all the other issues were issued in 4-cent and 8-cent denominations and were perforated 10½ by 11 gauge. The 4-cent stamps were printed in one color, while the 8-cent stamps were printed with three colors.