ChinaPostal Savings Stamps
Short set of 4 values, issued in 1944 and depicting ancient Chinese coins.
According to Marsh & Williams:
We know that the postal savings stamp system was introduced in the Republic of China in 1919 as a means of encouraging thrift. This system paid interest on accounts deposited with the post office and it is believed that the accounting for the interest bearing deposits was facilitated by the issuance of savings certificates similar to present day savings bonds or treasury bills. The lowest denomination for these certificates was probably one dollar or more and they were obtainable by either redemption of cards or passbooks, in which the proper amount of postal savings stamps had been accumulated, or by direct purchase.
If this was indeed the case, the purpose of the postal savings stamps was for accounting for small deposits. They would serve as a receipt for the depositor as well as a method of balancing accounts within the post office itself, and this would explain why the stamps were restricted to postal savings use only.
The Japanese invasion of 1937 disrupted the Chinese economy and greatly accelerated the gradual inflation of the currency during the war years. The old postal savings system became impractical and unpopular and was probably discontinued in the late thirties.
In late 1942, or early 1943, postal savings was again introduced with the issuance of stamps valid for exchange into bonds that could be redeemed in three years. In early 1943, general definitive issues appeared for use in all areas under Nationalist control.
This is a group of 4 different values (from a set of 6) as listed in ”The Postal Savings Stamps of China” by William Marsh & J. Millard Williams as Type PS18, #1 - 6. There is a note that says they were issued both line perforated 13 and comb perforated 12.5, but the perforations on these are so rough it is difficult to determine which variety they are.
This lot consists of the $1, $2, $10, $20 values in bottom margin blocks of 8, with printer's imprint.
They are all F, no gum (as issued)
Approximate Image Size:
21 x 19 mm.
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After 35+ years I decided to retire from being an active Cinderella Stamp dealer. Most of my working inventory plus backup stock was sold at public auction. However, I have retained some material that I will be offering for sale. In addition, I have some "new" material that was mixed into lots I have bought for my own collections. I will be listing some of the material in my eBay store at fixed prices.
I will also be offering some material at auction, either as single items or mixed lots. There will be many bargains available. There will be large and small lots, some containing similar material, some containing a random mixture, and some containing only one or a few items. The condition will be mixed, but none of the lots will be just accumulations of damaged or faulty stamps (unless specifically listed as such).
Items in stockpage or larger lots may be removed and repackaged into glassines to save on shipping costs.
A Note about Poster Stamps and Gum: Because many poster stamp collectors are primarily interested in the image on the stamp, the absence or presence of gum on the back is of little concern. If no mention of gum is made, then there may or may not be gum present. If you are only interested in poster stamps with original gum, please inquire before bidding. Actual condition issues (that are not apparent from the scan) WILL be described.
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