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1940 4c Stock Transfer Stamp - bright green

$279.00

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

Take this opportunity to own a very scarce imperforate 1940 4¢ Albert Gallatin Stock Transfer stamp in mint-fresh, never-hinged with fine centering.  Only a limited number of imperforate Stock Transfer stamps were produced, but the...  more

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

Take this opportunity to own a very scarce imperforate 1940 4¢ Albert Gallatin 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 1940 “dated green” stamp picturing Albert Gallatin, America’s fourth 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.

Albert Gallatin – America’s Fourth Secretary of the Treasury

Politician and diplomat Abraham Alfonse Albert Gallatin was born on January 29, 1761, in Geneva, Switzerland.  Gallatin’s aristocratic family included physicians, statesmen, and soldiers – one of his relatives commanded a battalion at the Battle of Yorktown.

After graduating at the top of his class from the Academy of Geneva, Gallatin and a friend secretly set sail for the US in May 1779.  Throughout his time in America, Gallatin took part in several business ventures, including the production and sale of glassworks and muskets.  He also taught French at Harvard University.

Gallatin began his political career in 1789 as a member of the Pennsylvania state constitutional convention.  The following year he was elected to the Pennsylvania General Assembly.  In 1793, he was elected to the US Senate.  He was removed shortly after due to protests that he’d not been a US citizen for at least nine years, as is required by law to hold that position.

Despite the publicized controversy, Gallatin was elected to the House of Representatives in 1795, later becoming the majority leader.  As a leader of the New Democratic-Republican Party, he was the primary spokesman on financial matters and was a founding member of the House Committee on Finance (which later became the Ways and Means Committee).

With Thomas Jefferson’s election to president in 1801, Gallatin began a 13-year service as US secretary of the Treasury – the longest service of any person in this position.  In this role, he successfully balanced the federal budget and was largely responsible for avoiding a tax increase following the Louisiana Purchase.  He also helped map out the Lewis and Clark Exposition.  Gallatin was key in resolving the constitutional issues that made this unprecedented purchase quite complicated.  And he managed to cut the national debt from $80 million to $45 million.

After resigning from secretary of Treasury, Gallatin led the negotiations at the Treaty of Ghent (ending the War of 1812).  He then served as Minister to France and then Great Britain before settling in New York City where he helped found New York University in 1831.  He died in New York on August 12, 1849.

Several counties, towns, rivers, and streets are named in Gallatin’s honor as well as the US Department of the Treasury’s highest career service award.

 
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