Yes the stamp holds the coin in place but why was it issued. It is more than just to hold something in place. Since that may not have been clear, I will send stampi78 a PM for prize. HOWEVER the quiz is still open for giving the unusual facts behind its issue
Last Edit: Oct 11, 2019 17:14:51 GMT -5 by sforgca
The idea behind these ‘coin stamps’ was that the applicant would apply the stamp over the coin on their insurance application, to pay for the first 30 days of coverage .
Yes that is correct
Coin Stamps came from a mail order solicitations of the Old American Insurance Company which was founded in 1939. The solicitation provided an application card with a space for inserting a coin to pay for the first thirty days of coverage while the application was being processed. They are denominated "10 cents - 30 days" and "25 cents - 30 days".
They are printed in blue or red on white paper, and one example is printed in black on shiny gold colored paper. They may be perforated or imperforate. PM on prize is on its way.
A few in my collection but never found a card so the one I posted is from a postal History book
We are Happy to have you here!! New members, we would love to get to know you. Please feel free to introduce yourself HERE
Otherwise - Jump right on into the conversations!! We look forward to your participation.
If you are not a member yet, register today!! It's all free and we want to hear from you!!
Please share our site on social media networks. Thanks!!!