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Cutting the costs of postage stamps

By Ed O'Keefe

The Postal Service printed $37 billion worth of stamps in fiscal 2008 at a cost of $78 million and eventually destroyed $2.8 billion worth of them. As the mail volume and profits continue their sharp decline, the mail agency's watchdog is seeking ideas on how to cheaply and more efficiently produce the thumbnail-sized images.

The Simpsons

"Are there better alternatives to stamps?" asks a blog post posted Monday the Postal inspector general's blog. "Business customers often rent postage meters and use permits for bulk mail. Now, the advent of online postage vendors has given individual customers an alternative to stamps."

"What about stamp collectors? Would philatelic sales suffer if the Postal Service reduced the denominations it offered? Commemorative Forever Stamps could be issued in limited quantities to satisfy collectors," the blog suggests.

What do you think? Leave your thoughts in the comments section below and submit your ideas to the Postal Service.

By Ed O'Keefe  | January 25, 2010; 1:00 PM ET
Categories:  Agencies and Departments  
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Comments

It would be helpful if the story explained WHY the post office was forced to ddestroy the stamps. As it stands, the piece is really thin.

Posted by: jralbert | January 25, 2010 11:58 PM | Report abuse

Why were the stamps destroyed? It can't be because the theme/celebration on the stamp has passed. Right now the post office near me only sells Kwanzaa and wedding stamps

Posted by: ashdaleuf | January 26, 2010 11:37 AM | Report abuse

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