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The issue of this stamp was in part inspired by repeated requests for stamps to honor additional holidays – New Year’s, Easter, the Fourth of July, and Thanksgiving. There had also been calls for stamps honoring the signs of the Zodiac. And there had been several groups calling for stamps to recognize the contributions of Asian Americans, while the USPS wanted to explore topics to appeal to younger Asian American collectors.
The final stamp in the initial series was issued in 2004, honoring the year of the monkey. The following year, the USPS decided to issue a souvenir sheet picturing all 12 Chinese New Year designs. At the 2005 first-class rate of 37¢, however, the cost of the sheet would have been $4.44 for 12 stamps. The number four is an unlucky number in Asia.
The Postal Service decided to make the sheet double-sided. The total price of the sheet of 24 then became $8.88; eight is a lucky number in Asia. In 2006, the first-class rate became 39¢, the total for a sheet of 12 was $4.68, and the production of a single-sided sheet was possible – as luck would have it.
Based on the popularity of these stamps, the USPS inaugurated a new Lunar New Year series in 2008, beginning with the Year of the Rat. That series ran through 2019. And in 2020, the third Lunar New Year Series begins with a new Year of the Rat stamp.