This post was included in the inaugural Carnival of Pecuniary Delights.

When Forever Stamps were first introduced, lots of people seemed to think of them as a great investment. A Forever Stamp is sold at the current 1st class postage rate (41 cents when introduced) and is valid 1st class postage forever, regardless of the cost of 1st class stamps in the future.The investment angle works like this: Buy a lot of Forever Stamps at the current rate and then sell them for a price between what you paid and the new rate once stamp prices go up.

Here’s the problem…

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