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#RD273
1948 $3 Stock Transfer Stamp, Bright Green
$72.50
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Scott #RD273 is a $3 bright green Stock Transfer revenue stamp from the Series 1948 issue, featuring a portrait of Walter Forward, the 14th Secretary of the Treasury. The "Series 1948" overprint in black identifies this stamp as part of the annual dated reissue of the Stock Transfer series, which ran from 1940 through 1952. The stamp was used to document the payment of the federal tax on sales, transfers, and certificates of stock, and was affixed to the paperwork accompanying those transactions. The higher denominations in the Stock Transfer series, like this $3 value, were used on larger transactions involving greater numbers of shares.
Walter Forward served as Secretary of the Treasury from 1841 to 1843 under President John Tyler. Originally a judge from Pittsburgh, Pennsylvania, he was a supporter of the Harrison-Tyler presidential campaign and was first appointed Comptroller of Currency before being elevated to Treasury Secretary when Thomas Ewing resigned. Forward navigated the difficult aftermath of the Panic of 1837 and helped push through the strongly protective Tariff of 1842 at the request of Millard Fillmore, then chairman of the House Ways and Means Committee. He resigned later that same year to return to private law practice.
The Stock Transfer stamps of 1940–1952 — commonly called "the dated greens" by collectors — feature portraits of former Treasury Secretaries in order of their service, with lower denominations picturing earlier secretaries and higher denominations picturing more recent ones. Each year's stamps were identical in design to the previous year's, distinguished only by the updated series overprint. The series was discontinued in 1952, and by that time more than 370 distinct Stock Transfer stamps had been issued over 34 years, creating a rich area of specialization for revenue stamp collectors.
Scott #RD273 is a $3 bright green Stock Transfer revenue stamp from the Series 1948 issue, featuring a portrait of Walter Forward, the 14th Secretary of the Treasury. The "Series 1948" overprint in black identifies this stamp as part of the annual dated reissue of the Stock Transfer series, which ran from 1940 through 1952. The stamp was used to document the payment of the federal tax on sales, transfers, and certificates of stock, and was affixed to the paperwork accompanying those transactions. The higher denominations in the Stock Transfer series, like this $3 value, were used on larger transactions involving greater numbers of shares.
Walter Forward served as Secretary of the Treasury from 1841 to 1843 under President John Tyler. Originally a judge from Pittsburgh, Pennsylvania, he was a supporter of the Harrison-Tyler presidential campaign and was first appointed Comptroller of Currency before being elevated to Treasury Secretary when Thomas Ewing resigned. Forward navigated the difficult aftermath of the Panic of 1837 and helped push through the strongly protective Tariff of 1842 at the request of Millard Fillmore, then chairman of the House Ways and Means Committee. He resigned later that same year to return to private law practice.
The Stock Transfer stamps of 1940–1952 — commonly called "the dated greens" by collectors — feature portraits of former Treasury Secretaries in order of their service, with lower denominations picturing earlier secretaries and higher denominations picturing more recent ones. Each year's stamps were identical in design to the previous year's, distinguished only by the updated series overprint. The series was discontinued in 1952, and by that time more than 370 distinct Stock Transfer stamps had been issued over 34 years, creating a rich area of specialization for revenue stamp collectors.
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