The rolling $21 million stamp collection
Why is your stamp collection worthless? For anything after 1930, it's Franklin Roosevelt's fault. The man was an obsessed stamp collector, going so far as to personally design the Byrd Expedition stamp (I've already written about that twice). He was so into stamp collecting that he also wanted you to get into stamp collecting.
To bring attention to the nascent hobby, a scheme was devised with Postmaster General James Farley in 1939 where a rolling stamp museum would tour the entire country. Using a converted armored car, examples of basically every American stamp made until then were on display, which proved to be an enormously valuable collection: At the time, those stamps were worth $1 million, or $21 million today. Who knows what the actual book value of them would be now.
FDR also had a penchant for circumventing Congress, and using funds to make this rolling museum was no exception. He and Farley had already angered Congress by printing "Farley's Follies", collectible reprints of stamps. I don't know if you know collectors of absolutely anything, but remaking old stock is the biggest sin imaginable. One stamp institution called it "nauseous prostitution".
Anyways, the truck was just as controversial. Journalists derided it as a use of taxpayer money to promote a product (The Postal Service's stamps) and FDR's personal hobby.
The truck was a huge hit with the public anyways. Everyone who visited received a special (non-postal) stamp. At first, these were given to visitors with gum just like a real stamp, but people started pasting them everywhere like lightposts, buildings, and the museum truck itself. The souvenirs were quickly switched to non-gum.
The truck also had for sale your very own stamp collecting starter kit, including a letter from FDR and a special envelope which you would buy and then they'd take to the nearest post office to mail to you.
The truck toured for years straight all the way until the attack on Pearl Harbor, where FDR suddenly had other things to occupy his attention than his stamp collection. The truck itself ended up abandoned, but the collection itself went back to Washington, where I'm sure a chunk of it is still on display in the National Postal Museum.
All of FDR's work paid off, and stamp collecting skyrocketed. Stamps from before the 30s got snapped up and still tend to be pricy except for the most common (some 1800s stamps were printed by the billion). Meanwhile, just like Beanie Babies in the 90s, when everyone started buying and holding onto post-30s stamp, they quickly became near-worthless.
At least if they're new, you can still use them for postage.
With that, I'm finally out of content for this writing project. Thank you so much for reading, and please do share if you found the content interesting!
















