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Location: Oxford, Maryland
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Item: 375016782596
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1862 Civil War newspaper 4 new US POSTAGE STAMPS described &Are used as CURRENCY 1862 Civil War newspaper with PHILATETICS – Four new US POSTAGE STAMPS are described in detail & are used as US CURRENCY – inv # 9T-427 Please visit our EBAY STORE for THOUSANDS MORE HISTORICAL NEWSPAPERS for SALE or at auction SEE PHOTO(s) – COMPLETE ORIGINAL Civil War NEWSPAPER, the New York Semi-Weekly Tribune dated Aug 5, 1862. This original Civil War newspaper contains an inside page heading: “The New Postage Stamps” with a detailed description of the 4 new US postage stamps and informing the public that these stamps could be used as currency during the cash-scarce Civil War.Very interesting “go with companion piece” item for a serious collector of early US postage stamps / Civil War postage stamps / encased currency In early 1862, just months after the American Civil War erupted, people predicted the hard times and shortages looming ahead and began hoarding resources, coins included. Many millions of dollars in gold and silver coins and even copper-nickel cents disappeared from the market as a result of this hoarding. Coins consequently commanded a premium over paper money.The U.S. Mint soon coined copper-nickel cents almost exclusively, but demand exceeded supply. A resourceful public then used postage stamps as currency for small obligations, a situation that forced shopkeepers to accept stamps as change. Envelopes stating the amount of stamps contained within and cards bearing stamps were sometimes used to keep the stamps from sticking and being destroyed, and printers sold advertisements on large numbers of these envelopes. The government authorized the monetizing of postage stamps by July 1862 and soon began printing stamp impressions on bank note paper.On August 12, 1862, John Gault received a patent for his ‘Design for Encasing Government Stamps’—that is, a design for encasing stamps for use as currency. Gault’s plans called for the corners of a postage stamp to be wrapped around a cardboard circle. A thin, transparent piece of mica covered the stamp, and an outer metal frame held these items secure. A heavier brass backing, suitable for advertising purposes, completed the piece. The size of a quarter but much lighter in weight, the object encased stamps from the 1861 issue-the 1-cent, 3-cent, 5-cent, 10-cent, 12-cent, 24-cent, 30-cent, and 90-cent. Gault sold his encased postage at a small markup over the value of the enclosed stamp and the cost of production.Gault’s enterprise ended on August 21, 1862, when the government issued postage currency in 5-cent, 10-cent, 25-cent, and 50-cent denominations. The government issued fractional currency the next year. Increased production of brass and copper-nickel coinage in 1863 also undermined Gault. Still, encased postage proved very popular because it solved the major problems of stamp damage and the necessity of opening stamp envelopes to count the contents. At least thirty companies took advantage of the advertising possibilities with ads stamped on the brass backing. Perhaps $50,000 or a little more in encased postage eventually was sold and circulated, not nearly enough by itself to solve the nation’s small change crisis. Of the approximately 750,000 pieces sold, only 3,500-7,000 are believed to have survived.Very good condition. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect the purchased item from damage in the mail. Upon request by the buyer, we can ship by USPS Media Mail to reduce postage cost; however, please be aware that USPS Media Mail can be very slow in its time of transit to the buyer. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We list thousands of rare newspapers with dates from 1570 through 2004 on Ebay each week. This is truly SIX CENTURIES OF HISTORY that YOU CAN OWN! Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale. Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. We are located in the charming Maryland Eastern Shore town of OXFORD, Maryland. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale.We invite customer requests for historical newspapers that are not yet located in our extensive Ebay listing of items. With an inventory of nearly a million historical newspapers (and their early precursors) we are likely have just the one YOU are searching for.WE ARE ALSO ACTIVE BUYERS OF HISTORICAL NEWSPAPERS, including large and small personal collections, bound volumes, significant individual issues, or deaccessions from libraries and historical societies. IF YOU WANT TO SELL, WE WANT TO BUY !!! Powered by SixBit’s eCommerce Solution
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