#RG4 – 1934 4c Silver Tax, carmine rose, perf 11

Condition
Price
Qty
- Mint Stamp(s)
Ships in 1-2 business days.i$4.25
$4.25
- Used Single Stamp(s)
Usually ships within 30 days.i$2.75
$2.75
- Unused Stamp(s) (small flaws)
Usually ships within 30 days.i$2.95
$2.95
- Used Stamp(s) (small flaws)
Usually ships within 30 days.i$1.85
$1.85
Silver tax stamps were authorized by Congress on June 19, 1934, pursuant to the Silver Purchase Act of 1934. As a measure to stabilize the US economy and to prevent runs on banks, in the aftermath of the Great Depression, the Gold Standard was abolished in 1933, and all gold bullion and gold coins in private hands were recalled.  The government then feared that people would start hoarding silver bullion, causing further runs on US banks.

In order to curb the hoarding of silver bullion, the Silver Purchase Act of 1934 established the Silver Standard, called for the government to establish silver reserves to backup the silver certificate banknotes in circulation, and called for the cessation of the minting of silver dollar coins.  The act also imposed a 50% tax on the profit realized on any transfer of silver bullion occurring after May 15, 1934 and provided for the use of silver tax stamps.

The new silver tax stamps were attached to transfer memorandums, indicating the payment of the federal silver tax.  From 1934 to 1940, documentary revenue stamps were overprinted "SILVER TAX".  New silver tax stamps were first produced in 1941.
Read More - Click Here


  • Mini Mix, approximately 500 Stamps Mini Mix, 500 Worldwide Stamps

    Get an instant stamp collection in one simple step.  Order Mystic's mini-mix and you'll get 500-plus U.S. and foreign stamps on and off paper.

    $19.95
    BUY NOW
  • 1887-98  Reg Issues, 12 stamps, used 1887-98 Regular Issue, 12 Used Stamps
    Save time and effort with this collector's set of 12 postally used definitive stamps issued from 1887-1898.  These stamps are now all over 100 years old and represent a ton of neat history.  Order today!
    $30.95
    BUY NOW
  • German Zeppelin Facsimiles, 8v Mint German Zeppelin Facsimiles
    The original set of these overprinted German Graf Zeppelin stamps is very valuable. These high-quality facsimiles offered here were created in Germany and will allow you to affordably fill the spaces for these stamps in your worldwide album and enjoy their classic designs.
    $9.95
    BUY NOW

Silver tax stamps were authorized by Congress on June 19, 1934, pursuant to the Silver Purchase Act of 1934.

As a measure to stabilize the US economy and to prevent runs on banks, in the aftermath of the Great Depression, the Gold Standard was abolished in 1933, and all gold bullion and gold coins in private hands were recalled.  The government then feared that people would start hoarding silver bullion, causing further runs on US banks.

In order to curb the hoarding of silver bullion, the Silver Purchase Act of 1934 established the Silver Standard, called for the government to establish silver reserves to backup the silver certificate banknotes in circulation, and called for the cessation of the minting of silver dollar coins.  The act also imposed a 50% tax on the profit realized on any transfer of silver bullion occurring after May 15, 1934 and provided for the use of silver tax stamps.

The new silver tax stamps were attached to transfer memorandums, indicating the payment of the federal silver tax.  From 1934 to 1940, documentary revenue stamps were overprinted "SILVER TAX".  New silver tax stamps were first produced in 1941.