Sunday, May 15, 2005

Elvis meant BIG business to USPS

The Associated Press reports in an on-line article on the Washington Post Web site that the US Postal Service takes in roughly $150 million to $200 million from stamps that are purchased but never used.

The article goes on to say that sales last year of philatelic products, including framed stamps, an annual stamp yearbook and other items, came to nearly $50 million, compared with $40 million a year earlier.

The number one philatelic money-maker? The 29-cent Elvis Presley stamps issued in 1993. They accounted for 124 million stamps that have been purchased but not used, generating $36 million for the U.S. Postal Service.

Thank you very much.
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posted by Don Schilling at 10:19 PM