Stamps Going Up Tomorrow

In case you're still using regular mail, it should be noted that postage rates are going up tomorrow. The new rates for a first class letter go up 2¢ to 39¢. Earlier in the week, Gothamist went to the post office as we ran out of 37¢ stamps. Looking to by 5 more to get us through the week, we were told they weren't selling them anymore! Alas, we waisted about 10¢ by using the new stamps. For shame, for shame.

The Times is reporting that the increase is coming as a shock and surprise to many people. The reason for the increase is a Congressional requirement for the USPS to have $3 billion in an escrow account. So despite having a $1.4 billion profit last year, rates have to go up.

Also, if you're buying 2¢ stamps, be sure not to buy too many. Unless you've been hoarding stamps, you probably won't need too many 2¢ stamps. Remember $5 of 2¢ stamps is a whole lot of stamps! Oh and rates might go up again next year because of that same requirement by Congress.

Photo by Tien Mao

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By tien mao in News on January 7, 2006 11:48 AM

Comments [rss]

Jen

A 40 cent stamp would make sense - that's why they can't introduce that! (Was there a 35 cent stamp ever?)

And I went to the Columbus Avenue (at 68th Street) post office at 1pm just now - it was madness. I quickly left and bought some peanut butter to make me feel better instead.

Kevin Walsh

Why are stamp prices always wacky odd numbers? 29...33...37...39.

Why not make it an even 40 and keep it there for a few years?

www.forgotten-ny.com

Toby

They should just raise the postage rate to 50 cents for a first class stamp. It will still be a good value, especially when compared to other countries.