Own a Scarce Imperforate 1940 Stock Transfer Stamp
Missing from Most Collections

Take this opportunity to own the very scarce imperforate 1940 1¢ Alexander Hamilton Stock Transfer stamp in mint-fresh, never-hinged with fine centering.  Only a limited number of imperforate Stock Transfer stamps were produced, bu...  more

Own a Scarce Imperforate 1940 Stock Transfer Stamp
Missing from Most Collections

Take this opportunity to own the very scarce imperforate 1940 1¢ Alexander Hamilton Stock Transfer stamp in mint-fresh, never-hinged with fine centering.  Only a limited number of imperforate Stock Transfer stamps were produced, but they were never intended for public sale. 

Hidden Away in the Vaults of the Smithsonian for Decades…

This scarce imperforate stock transfer comes directly from the 2006 National Postal Museum US Revenue stamp auction.  Smithsonian experts estimate only 17 complete collections of imperforate Stock Transfer stamps in pairs are now available for us collectors.  The National Postal Museum owned the entire supply for over 80 years until making the decision to part with them at auction.  Many are now locked away in permanent collections.

Mystic was lucky to get our hands on a small handful and several have been snapped up already.  Imagine the thrill of being one a handful of collectors in the world able to own one of these stamps! 

What Are Stock Transfer Stamps?

Stock Transfer stamps covered the federal tax rate on “sales or agreement to sell, deliver, or transfer share certificates of stock.”   The stamps were first issued in 1918, when the tax became permanent. 

For several years, Stock Transfer stamps were created by overprinting Documentary stamps.  Beginning in 1940, the first permanent Stock Transfer stamps were issued, picturing Secretaries of the Treasury.  They were overprinted with the year of use in black.  Authorities in the Treasury Department were concerned about evasion of stock transfer taxes.  The year of use overprint allowed the department to track how many stamps were issued and to track transactions to the correct year.  The following year, the same basic stamp was used, but with “1941” imprinted and so on… until 1952 when the stamps were discontinued.  Because of their overprint and bright green color, they’re called “the dated greens”.

Get Yours Now – Your Satisfaction is Guaranteed

This is your chance to own the first “dated green” stamp picturing Alexander Hamilton, America’s first secretary of treasury.  This imperforate stamp is extremely scarce plus its in mint-fresh, never-hinged condition with fine centering.  To get it in your collection, act now, as we have very few left!  As always, your stamp is backed by Mystic’s 100% satisfaction guarantee.

Alexander Hamilton – America’s First Secretary of the Treasury

Alexander Hamilton was born on January 11, 1755 (or ’57 – the year is unknown), in Nevis in the British West Indies.

Hamilton began working as a clerk in an accounting office when he was about 11 years old. When his employer realized how bright Hamilton was, he sent him to America for an education. In 1773, Hamilton arrived in New York and attended King’s College. His focus soon turned from education to politics. The following year, he wrote his first article in defense of the protests of British taxes.

As the Revolutionary War began, Hamilton commanded the New York Provincial Company of Artillery. He became an assistant to General George Washington, writing many of his letters and reports. In 1781, Hamilton led a charge at the Battle of Yorktown that helped end the war. After the war, Hamilton studied law, then opened a practice in New York City. He represented many Loyalists who had supported England during the Revolution. Hamilton’s cases helped establish the principle of due process in America.

Even before the war had ended, Hamilton realized the Articles of Confederation – the first US Constitution – were too weak to hold the colonies together. He was a delegate for New York to the 1787 convention, which eventually rejected the Articles in favor of a new Constitution. When the Constitution was completed, Hamilton, along with John Jay and James Madison, wrote a series of essays to encourage the ratification. The Federalist Papers explained the document, outlining the new government and answering arguments by those who opposed it. New York ratified the Constitution in 1788.

Shortly after Washington was elected the first president of the United States, he appointed Hamilton as his secretary of the Treasury. The nation was deeply indebted to other countries and to the Americans who had supported the war. In 1791, Hamilton presented a bill calling for the formation of the First Bank of the United States. He proposed a system to collect federal taxes, began repayment of war bonds, and had the federal government assume the states’ debts. His policies helped establish credit with foreign nations.

However, Secretary of State Thomas Jefferson disagreed with the bill. He felt that creating such an institution was not within the power of the federal government. Hamilton argued that because the power was not forbidden by the Constitution, it was within the right of the government. Political parties formed around these men. Hamilton’s supporters became known as Federalists, while Jefferson’s supporters became the Anti-Federalists, or Democratic-Republicans.

Hamilton also proposed an excise tax on distilled spirits to raise revenue to pay Revolutionary War debts. After it was passed, whiskey producers began a campaign of harassment against federal tax collectors. This civil disobedience turned to armed rebellion in a series of loosely organized uprisings. Hamilton joined President Washington in leading a militia to end the violence. During his term as Treasury secretary, Hamilton also composed the Jay Treaty (settling tensions from the Revolution), established public credit and circulating currency, and created a military branch to protect against contraband, which became the US Coast Guard.

In 1804, after Aaron Burr announced his candidacy for the governorship of New York State, Hamilton joined the race and campaigned vigorously against him. Years of animosity culminated in a duel on July 11, 1804. It’s unsure who fired first. Hamilton’s shot hit a branch above Burr’s head, while Burr hit him in the lower abdomen, causing extensive internal injuries. Hamilton died of his injuries the following day, and Burr was charged with murder.