Can one exchange unused postage stamps for cash at a Post Office ?

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leamphil
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Can one exchange unused postage stamps for cash at a Post Office ?

Post by leamphil »

Can one exchange unused (& valid) postage stamps for cash at a Post Office ?

I'm guessing not, but when exactly was it stopped ?
If it hasn't stopped then where does it say how to do it ?

That was the purpost of perfinning stamps, to stop them being stolen and used as cash.
Winston W
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Re: Can one exchange unused postage stamps for cash at a Post Office ?

Post by Winston W »

leamphil wrote:Can one exchange unused (& valid) postage stamps for cash at a Post Office ?
I was under the impression no, although you could in Victorian times.

However back in 2008 https://forums.moneysavingexpert.com/di ... sed-stamps a contributor wrote this:-
You can resell them to the Post Office (not over the counter though - you'll have to mail them in) for a 15% fee. You will probably need the original receipt.
I assume the contributor was British rather than American and also don't know if what the contributor wrote was correct back in 2008 or still applies today.
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leamphil
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Re: Can one exchange unused postage stamps for cash at a Post Office ?

Post by leamphil »

Thanks - I do not believe you can exchange stamps today - this may be a result of the split of Royal Mail from the Post Office on 1st April 2012 ?
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leamphil
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Re: Can one exchange unused postage stamps for cash at a Post Office ?

Post by leamphil »

I've asked Royal Mail and the Post Office if the facility to buy back unused postage stamps still exists today, and, after a period where they each said "not us, ask the other", I eventually got a clear "No we don't, the stamp buy back service was halted many years ago" from RM. Unfortunately they don't know when they formally stopped.

My guess is April 2012 when RM and the PO split.

PO Guides in 1977 and 1985 still had the facility. Posts on moneysavingexpert in 2009 indicated that the P674 form was still available (printed 1992) with the stamps to be sent to the Philatelic Bureau.
Winston W
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Re: Can one exchange unused postage stamps for cash at a Post Office ?

Post by Winston W »

Thanks for that info. I hadn't realised there was any sort of buy back scheme into the 21st century, even if that was at a 15% discount.
mike.mood@talktalk.net
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Re: Can one exchange unused postage stamps for cash at a Post Office ?

Post by mike.mood@talktalk.net »

The attached press release shows that the Post Office was still buying back pre-decimal stamps until 1985!

"... continued to provide the service" one's bottom!!! "... forgotten to discontinue the service" more like
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Decimalisation 10500.jpg
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