Set of 16 Mint 1940 Imperforate Stock Transfer Stamp Pairs Can Be Yours Today
New tax rates in 1940 put an end to Documentary overprints and gave Stock Transfer stamps their own designs. From 1940 to 1952, the issues featured portraits of US secretaries of the treasury. The lower denominations pictured older secretaries, while higher denominations were more recent.
The 1940-1952 Stock Transfer stamps were all issued in bright green with a black "Series" overprint and the year. Stamps continued to be canceled by punching or cutting holes into them. The first Stock Transfer stamps with their own designs were in the Series of 1940. The 1¢ through 80¢ denominations feature a "Series 1940" overprint, are perforated 11, and have a 191R watermark.
Low face values (1¢-$20) were printed as sheets and pictured: Alexander Hamilton (1¢), Oliver Wolcott (2¢), Albert Gallatin (4¢), G.W. Campbell (5¢), William H. Crawford (10¢), Richard Rush (20¢), S.D. Ingham (25¢), Louis McLane (40¢), William J. Duane (50¢), Roger B. Taney (80¢), Levi Woodbury ($1), Thomas Ewing ($2), Walter Forward ($3), John C. Spencer ($4), George M. Bibb ($5), Robert J. Walker ($10), and William M. Meredith ($20).
This stamp set includes the following mint imperforate pairs: