Canada to release PERMANENT™ stamps

According to a Canadian government news Web site, Canada will be the first North American country to issue non-denominated stamps that will retain their value indefinitely.

Their new PERMANENT™ stamps will be accepted at the basic domestic Lettermail rate and replaces next year's 52¢ domestic rate definitive stamps.

Canada, however, is not the first country to issue a stamp that retains its value. Britain, Finland, Israel, Belgium, France, Norway, Monaco and Sweden are a few countries that also sell stamps that are always worth the going rate.

The PERMANENT™ stamps will go on sale at the current domestic rate of 51¢ on November 16 at postal offices throughout Canada. These stamps will be accepted at the new 52¢ rate effective January 15, 2007 when the basic Lettermail rate increases by one cent.

The United States plans on issuing something similar in 2007 and are being referred as "Forever" stamps.

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