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- One Dollar U.S. Postal Savings Certificate, 1938 Issue
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Collectible. Rare. Pristine. This is an One Dollar Postal Savings System certificate issued December 31, 1937 in Santa Monica, California. This certificate is in absolute pristine condition; no folds, creases, fading, markings. The certificate is crisp, clear, and bright. Included in this offer is the depositor envelope, which does show some wear and use, and the Depositor's Numerical Reference Card. Overall, this is an excellent and rare grouping. An Act of Congress of June 25, 1910, established the Postal Savings System in designated Post Offices, effective January 1, 1911. The Postal Savings System paid 2 percent interest per year on deposits. On April 27, 1966, the Post Office Department stopped accepting deposits to existing accounts, refused to open new accounts, and cut off interest payments as the yearly anniversary date of existing accounts came up. When the Postal Savings System ended officially on July 1, 1967. [[department:collectibles;stamps]]