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To: SMGFan

How could they lose money on stamps? Are they so stupid they threw them away? Sell them to people who buy stamps. If they’re really that worried about it, sell them a penny cheaper.


8 posted on 08/21/2012 1:09:39 PM PDT by ozzymandus
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To: ozzymandus
The cost ($1.2 million for 700 million surplus stamps) is 0.17¢ per stamp. Selling at a penny discount would a $7 million loss on top of the $1.2 million already lost.

One over issue of stamps would be a mistake, but it looks like most of the special issue stamps are over produced. I buy so few stamps anymore that I don't even bother to see what they are producing anymore. I'm still working on my 2011 Christmas stamps. Those few people (mostly tax collectors) who I mail to generally get those. I'll save my Liberty Bell stamps for relatives who would give me crap about a Christmas card in August.

19 posted on 08/21/2012 1:21:17 PM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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