#1400 – 1973 21c Amadeo P. Giannini

Condition
Price
Qty
- Mint Stamp(s)
Ships in 1-2 business days.i$0.95FREE with 190 points!
$0.95
- Used Single Stamp(s)
Ships in 1-2 business days.i$0.30
$0.30
5 More - Click Here
Mounts - Click Here
Condition
Price
Qty
- MM636215x30mm 25 Horizontal Strip Black Split-Back Mounts
Ships in 1-2 business days.i
$7.95
$7.95
- MM50327x30mm 50 Vertical Black Split-Back Mounts
Ships in 1-2 business days.i
$3.50
$3.50
- MM420027x30mm 50 Vertical Clear Bottom-Weld Mounts
Ships in 1-2 business days.i
$3.50
$3.50
 
U.S. #1400
21¢ Amadeo P. Giannini
 
Issue Date: June 27, 1973
City: San Mateo, CA
Quantity: 114,140,000
Printed By: Bureau of Engraving and Printing
Printing Method: Rotary Press
Perforations: 11 x 10 ½
Color: Green
 
 

Birth of Amadeo Giannini

Banker Amadeo Pietro Giannini was born on May 6, 1870, in San Jose, California. 

Giannini’s parents were Italian immigrants who had first come to the US in 1849 in response to the California Gold Rush.  In 1872, the family moved to a 40-acre farm where they grew fruits and vegetables to sell. 

Giannini went to Heald College, but decided that he would have more success in business than finishing school.  So he dropped out in 1885 and got a full-time job as a produce broker.  Giannini had significant success there and continued to thrive working as a commission merchant and produce dealer for several farms in the Santa Clara Valley.  

Giannini retired from the produce business when he was 31, selling his interest to his employees.  He then worked administering his father-in-law’s estate.  This included working as director of the Columbus Savings and Loan.  In that role, Giannini saw a chance to help the growing immigrant population that didn’t have a bank.  The bank’s other directors didn’t agree with him and he chose to quit the board and start his own bank.

Giannini founded the Bank of Italy on October 17, 1904.  Located in a former saloon in San Francisco, the bank would offer services to hardworking immigrants that were turned away from other banks.  On that first day, deposits totaled $8,780.  The following year, deposits reached over $700,000. 

When an earthquake leveled much of San Francisco in 1906, Giannini continued to serve his community with a temporary bank – placing a wooden plank across two barrels in the street.  He held firm that the city would rise from the ashes. 

Giannini moved the money from the bank’s vault to his home outside of the fire zone.  He did so by hiding it under garbage in garbage wagons.  At the time, other banks feared opening their vaults because the fires had heated them up significantly and they feared that opening them would destroy their contents.  So Giannini was one of just a few bankers that could provide loans during this period.  He often made loans with simply a handshake and later recalled that every loan was repaid.


In 1909, California began to allow branch banking.  Giannini was a big supporter of this, as he believed it helped stabilize banks and expand their capital base.  He opened his first branch outside of San Francisco in 1909 and would eventually open several hundred more throughout the state.  In 1928, Giannini merged his Bank of Italy with Bank of America.

Giannini’s Bank of America loaned Walt Disney the money to produce Snow White, Disney’s first full-length animated motion picture.  He also bought bonds that helped fund the construction of the Golden Gate Bridge during the Depression.  During World War II he provided the financial backing for Henry Kaiser’s shipbuilding for the war effort.  After the war, he visited Italy and offered loans to help rebuild factories. 

Giannini continued to run the bank until his death on June 3, 1949.  He’s been honored in a number of ways, with several places named after him.  These include a plaza in San Francisco, a school, and a college agricultural department.  Time magazine also named him one of the “builders and titans” of the 20th century and he was the only banker on the list of 100 most important people of the century. 

Read More - Click Here


  • 2018 First-Class Forever Stamp - The Art of Magic souvenir sheet of 3 2018 First-Class Forever Stamp - The Art of Magic souvenir sheet of 3

    At the 2018 Art of Magic First Day of Issue, the USPS surprised collectors with a souvenir sheet of three unreleased designs.  These stamps featured lenticular printing, making the white rabbit appear to pop in and out of the top hat. Add these popular stamps to your collection now!

    $7.50- $1,250.00
    BUY NOW
  • 1970s First Day Covers, Collection of 100 100 First Day Covers Issued During the 1970s
    Some of the stamps I saw in my set of 100 covers celebrated the accomplishments of George R. Clark, General Douglas MacArthur, Dwight D. Eisenhower, and more.  I also noticed a stamp commemorating the 1974 World’s Fair.  Order your set today.
    $49.95
    BUY NOW
  • US Mixture, 1lb on/off paper US One Pound Mixture on and off paper

    Just how many stamps are in a pound?  Contents will vary, but the mix I looked at included over 2,000!  Included on- and off-paper stamps (we'll send you instructions for soaking stamps).  Order your mix today and enjoy hours of collecting fun.

    $39.95
    BUY NOW

 

U.S. #1400
21¢ Amadeo P. Giannini
 
Issue Date: June 27, 1973
City: San Mateo, CA
Quantity: 114,140,000
Printed By: Bureau of Engraving and Printing
Printing Method: Rotary Press
Perforations: 11 x 10 ½
Color: Green
 
 

Birth of Amadeo Giannini

Banker Amadeo Pietro Giannini was born on May 6, 1870, in San Jose, California. 

Giannini’s parents were Italian immigrants who had first come to the US in 1849 in response to the California Gold Rush.  In 1872, the family moved to a 40-acre farm where they grew fruits and vegetables to sell. 

Giannini went to Heald College, but decided that he would have more success in business than finishing school.  So he dropped out in 1885 and got a full-time job as a produce broker.  Giannini had significant success there and continued to thrive working as a commission merchant and produce dealer for several farms in the Santa Clara Valley.  

Giannini retired from the produce business when he was 31, selling his interest to his employees.  He then worked administering his father-in-law’s estate.  This included working as director of the Columbus Savings and Loan.  In that role, Giannini saw a chance to help the growing immigrant population that didn’t have a bank.  The bank’s other directors didn’t agree with him and he chose to quit the board and start his own bank.

Giannini founded the Bank of Italy on October 17, 1904.  Located in a former saloon in San Francisco, the bank would offer services to hardworking immigrants that were turned away from other banks.  On that first day, deposits totaled $8,780.  The following year, deposits reached over $700,000. 

When an earthquake leveled much of San Francisco in 1906, Giannini continued to serve his community with a temporary bank – placing a wooden plank across two barrels in the street.  He held firm that the city would rise from the ashes. 

Giannini moved the money from the bank’s vault to his home outside of the fire zone.  He did so by hiding it under garbage in garbage wagons.  At the time, other banks feared opening their vaults because the fires had heated them up significantly and they feared that opening them would destroy their contents.  So Giannini was one of just a few bankers that could provide loans during this period.  He often made loans with simply a handshake and later recalled that every loan was repaid.


In 1909, California began to allow branch banking.  Giannini was a big supporter of this, as he believed it helped stabilize banks and expand their capital base.  He opened his first branch outside of San Francisco in 1909 and would eventually open several hundred more throughout the state.  In 1928, Giannini merged his Bank of Italy with Bank of America.

Giannini’s Bank of America loaned Walt Disney the money to produce Snow White, Disney’s first full-length animated motion picture.  He also bought bonds that helped fund the construction of the Golden Gate Bridge during the Depression.  During World War II he provided the financial backing for Henry Kaiser’s shipbuilding for the war effort.  After the war, he visited Italy and offered loans to help rebuild factories. 

Giannini continued to run the bank until his death on June 3, 1949.  He’s been honored in a number of ways, with several places named after him.  These include a plaza in San Francisco, a school, and a college agricultural department.  Time magazine also named him one of the “builders and titans” of the 20th century and he was the only banker on the list of 100 most important people of the century.