How many forever stamps do i need for international letter

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The current price of a first-class Forever stamp is 60 cents, up 3.4 percent from the previous price of 58 cents. A first-class stamp covers the cost to mail a 1-ounce letter. An additional ounce now costs 24 cents, up from 20 cents.

In addition to raising the price of Forever stamps, the U.S. Postal Service implemented other postage increases, as well, effective July 10, 2022.

• Metered letters rose to 57 cents from 53 cents
• Domestic postcards rose to 44 cents from 40 cents
• Outbound international letters rose to $1.40 from $1.30

How much do Forever stamps cost?

The Postal Service says that the overall rise in postal rates is 6.5 percent, compared to 8.6 percent for overall inflation for the 12 months that ended in May. A 1-ounce letter cost 6 cents in 1863, according to the USPS historian, and 8 cents 50 years ago.

Blame the internet

It's no secret that widespread use of email and the shift to online banking have taken a toll on the post office. People need fewer stamps for letters and bills these days, and businesses can reach customers more affordably and efficiently with email instead of junk mail.

The original U.S. Post Office Department, established in 1792 as part of the federal government, was reorganized in 1970 as the USPS, a separate agency, and generally receives no taxpayer money for operating expenses. According to a May 28, 2021 statement from USPS, the proposed postage price hikes are a first step in a plan to reverse a projected $160 billion in operating losses over the next decade.

A 2006 law capped postage increases at the Consumer Price Index, the government's main measure of inflation. The same law, however, allowed the Postal Regulatory Commission to review the effects of the postage price cap, and in 2017, the commission ruled that the price cap hurt USPS profitability. In November 2020, the commission issued new rules that gave the Postal Service more flexibility when it comes to rate increases.

John Waggoner covers all things financial for AARP, from budgeting and taxes to retirement planning and Social Security. Previously he was a reporter for Kiplinger's Personal Finance and USA Today and has written books on investing and the 2008 financial crisis. Waggoner's USA Today investing column ran in dozens of newspapers for 25 years.

Save Money on Mail-In Sweepstakes With Forever Stamps

Forever Stamps are first-class stamps issued by the United States Postal Service. What makes them special is that they are non-denominational, which means you can buy them at the current first-class postage rate, and they remain valid even if that rate rises in the future.

For example, if you buy a Forever Stamp at $0.55 per stamp and the first-class postage rate rises to $0.60 per stamp, you save $0.05 over the price of buying new first-class stamps for every letter you send. The changeover from first-class stamps with a specific denomination to Forever Stamps is generally good news for people who enter mail-in sweepstakes, who often send many entry forms over time.

The United States Postal Service issued the first Forever Stamps in 2007. By 2011, almost all stamps sold by the USPS became Forever Stamps. Today, you can only buy first-class stamps with their value stamped on them if you purchase bulk rolls of 500 stamps or more.

Forever Stamps are a good investment if you assume postal rates will always rise and never sink —and there's good reason to make that assumption. According to a Wikipedia article on the history of US postage rates, the prices generally rise.

There have been only two times that the postage rate has fallen in the past century or so: in 1919, when the cost of mailing an envelope dropped from three to two cents, and in April of 2016, when the USPS dropped their first-class postal rate from $0.49 to $0.47 for a standard letter. However, that second rate drop didn't last long; the prices rose again in January of 2017, less than a year later , going back to $0.49 per stamp.

How US Stamp Rates Work

The United States Postal Service isn't allowed to set the price of stamps at any value they want. In fact, the Postal Service lost a lawsuit over its largest-ever rate hike, which took place in 2019.

US stamp rates are roughly tied to inflation. When inflation rises, the US Postal Service can request an increase in stamp rates from the Postal Regulatory Commission, with oversight from Congress.

This process generally results in a price increase of a few cents every year or couple of years. As long as inflation rises, stamps will get more expensive.

So does that mean you should buy a ton of stamps right now? Not necessarily. The Postal Service announces its rate hikes before they go into effect. So you can wait to see what the Post Office does before you make a purchase.

What Forever Stamps Are Worth

Forever stamps don't have a dollar amount printed on them. Instead, they're worth whatever the first-class postage rate for a one-ounce envelope is on any given day. For example, in July of 2022, the first-class rate is $0.60. To find out what that amount is today, check the USPS website for the current first-class postage rate.

This means that you can send a letter — or a sweepstakes entry — with a Forever Stamp today, tomorrow, next year, or even five years from now, no matter the cost of a current stamp.

How Forever Stamps Work

Forever Stamps are easy to use. Simply buy stamps at the current first-class rate and you don't have to worry about how much sending a standard letter costs. Stick a Forever Stamp on your #10 (or other standard-sized) envelope, drop your letter in the mailbox, and voila, you're done.

You can use more than one Forever Stamp if you need to send a package or a letter that weighs more than an ounce.

Each stamp is worth the current first-class rate (not what you paid for them). So the stamp was worth $0.49 when you bought it. but the rate has since risen to $0.60, you only need two Forever Stamps to get $1.20 worth of postage.

You can also use Forever Stamps to send letters internationally. Just calculate the cost of your international letter or package and divide that amount by the current first-class postage rate to determine how many Forever Stamps you'll need to cover the price.

Be aware that you might save money by getting the exact postage you need at the post office or on the USPS website rather than using only Forever Stamps. For example, if a Forever Stamp is currently worth $0.55 and you need $0.60 worth of stamps, you'd lose $0.50 if you use two Forever Stamps. In that case, buying exact postage makes more sense than using a stamp.

Tip: Forever Stamps Don't Last Forever

Be careful with your Forever Stamps! Although their value is eternal, the physical stamp is not. Automatic sorting machines can reject stamps that are torn, damaged, or unreadable. They might also reject stamps that have been taped or glued to the envelope.

If your stamp is damaged or has lost its stickiness, bring it to your local post office to see if they can exchange it for you. But an even better idea is to avoid problems by keeping your Forever Stamps stored flat in a safe, dry location.

The Forever Stamp Program's Success Is a Win for Everyone

The Forever Stamp was so successful for the USPS that in 2011, they started using Forever Stamps for almost all first-class stamps. In 2015, the postal service extended the Forever Stamp concept to postcards and more.

Why? According to a 2015 notice from the Postal Service, the Forever Stamps eliminate "the need for customers and the Postal Service to acquire and distribute new denominated stamps in anticipation of price changes affecting these stamp types, each time a price change occurs."

The Postal Service saves money when they don't have to collect and destroy outdated stamps. And customers are spared the inconvenience of having to buy stamps worth just a few cents in order to be able to use their old stamps when prices rise.

Why Forever Stamps Are Great for Entering Sweepstakes

If you enter mail-in sweepstakes, buying Forever Stamps can protect you from rising postage stamp costs.

For example, mailing an envelope with your entry form in it today might cost you $0.60. In the future, sending the same letter could cost you $0.70 or more. That's only a few cents per stamp, but when you send dozens, or even hundreds, of sweepstakes entries every month, those cents add up.

Stocking up on Forever Stamps now means that you won't overspend on your sweepstakes entries... as long as postage costs keep rising. If you think that postage rates will fall in the future, buying a Forever Stamp now is not a good decision.

Generally, you can expect the price of stamps to rise when inflation does, and to fall if there's a recession.

Where to Buy Forever Stamps

U.S. Forever Stamps can be purchased from the United States Postal Service at your local post office, online, or by telephone. Many other stores, like grocery stores and gift shops, also carry the stamps.

For people who live in other regions, the Canadian Post offers a similar product, the Permanent Stamp. Many European countries also have versions of the Forever Stamp. Contact your local post office for more details.

How to Save Money on Forever Stamps

Some creativity can help you get your stamps for less if you hunt for bargains. Try searching for stamp sales on eBay, for example. Just be sure to avoid counterfeits.

You can increase your savings by using cashback deals from your credit card, online sites like eBates, or eBay Bucks. Sometimes club stores like Costco offer small discounts on Forever Stamps. You can also try to win a gift card to stores, like Staples, that sell stamps.

Using these methods, you can reduce the cost of entering mail-in sweepstakes.