A forever stamp can be used to mail a one-ounce letter regardless of when the stamps are purchased, or used, and no matter how prices may increase in the future.
A proposal for a forever stamp was submitted in May 2006 to the US Postal rate Commission, to create a stamp for the beginning of 2007.
The first forever stamp was issued in April 2007, since then more than 6 billion have been sold.
The stamp was developed for consumers to ease the transition during price changes.
The stamps are sold at the current first class postage rate. Future forever stamps will be sold based on the first class rate at the time they are purchased.
The 2007 stamp was sold at 41 cents, rising to 42 cents on 12 May 2008. The current price of a forever stamp is 44 cents.
The stamps can be used for international mail services in conjunction with normal US postage stamps.
On 20 February 2011 it was announced that Ronald Reagan would appear be honoured with the issuance of a forever stamp in celebration of the 100th year of his birth.
The stamp launch was held at the Ronald Reagan Presidential Library.
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