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D'oh! U.S. Postal Service stuck with 682 million Simpsons stamps
By Bloomberg News ^ | August 21, 2012

Posted on 08/21/2012 12:59:21 PM PDT by SMGFan

The money-losing U.S. Postal Service guessed that TV cartoon character Homer Simpson and his family were twice as popular as Elvis Presley when it came to sales of commemorative stamps.

As Homer would say, “D’oh!” In a move that wasted $1.2 million in printing costs, the service produced 1 billion of “The Simpsons” stamps and sold 318 million.

(Excerpt) Read more at nj.com ...


TOPICS: Business/Economy
KEYWORDS: fedguv; idiots; usps; waste

1 posted on 08/21/2012 12:59:25 PM PDT by SMGFan
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To: SMGFan

It’s not like they go bad.


2 posted on 08/21/2012 1:00:23 PM PDT by mvpel (Michael Pelletier)
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To: SMGFan

Underachievers and proud of it?


3 posted on 08/21/2012 1:02:17 PM PDT by nickcarraway
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To: SMGFan

So, use them as regular stamps and not ‘speh-shul’ commemorative stamps.

Who collects stamps any more, anyway?


4 posted on 08/21/2012 1:02:48 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: SMGFan

5 posted on 08/21/2012 1:03:41 PM PDT by dfwgator
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To: SMGFan

6 posted on 08/21/2012 1:04:44 PM PDT by crosshairs (America: Once the land of the free. Still the home of the brave.)
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To: SMGFan

When are the Baraq & MooseChelle series stamps released?


7 posted on 08/21/2012 1:09:04 PM PDT by nascarnation
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To: SMGFan

How could they lose money on stamps? Are they so stupid they threw them away? Sell them to people who buy stamps. If they’re really that worried about it, sell them a penny cheaper.


8 posted on 08/21/2012 1:09:39 PM PDT by ozzymandus
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To: SMGFan

Those that keep the stamps and never use them allow the USPS to turn a nice profit. They love philatelists but the hobby has suffered because of national post offices churning out tons of issues over the years simply to milk the stamp collecting market. I stopped buying new issues years ago because of this. Is is similar with many other collectibles. There was a thread some time ago listing collectibles that will never gain in value because of overproduction.


9 posted on 08/21/2012 1:09:44 PM PDT by xp38
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To: SMGFan

10 posted on 08/21/2012 1:11:15 PM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: SMGFan

The USPS could declare these Simpsons stamps to be “Forever” stamps and sell them till the cows come home.


11 posted on 08/21/2012 1:12:17 PM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: Spktyr
Who collects stamps any more, anyway?
I still do, but I mainly try to go back and fill in the gaps I have. The USPS kind of killed it for me when they went with the self adhesive stamps. It makes it hard to go by a single stamp for the collection.
12 posted on 08/21/2012 1:13:17 PM PDT by jimmango
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To: xp38

I still have my collection that went from the 1900s to 1970s, there was always be a market for those stamps.


13 posted on 08/21/2012 1:13:27 PM PDT by dfwgator
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To: xp38

I was in a shop that sold guns, coins, jewlery, stamps, etc. A lady came in with a big box of “collectible issue” stamps and wanted them appraised. The owner said he would pay face value for sheets of stamps and didn’t want smaller lots or individual stamps. He said nobody collected most of the ordinary collector issues and only wanted rare, old stamps. He used the sheets of stamps he bought for ordinary postage and showed me some of his outgoing mail. The packages were covered with stamps.


14 posted on 08/21/2012 1:15:50 PM PDT by ozzymandus
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To: upchuck
"The USPS could declare these Simpsons stamps to be “Forever” stamps and sell them till the cows come home."

But they probably paid some exorbitant royalty fee to be allowed to use the Simpson character or artwork. They expected to be able to recoup and even make a profit because "collected" stamps are not used to actually post mail, they just sit in a book or box.

15 posted on 08/21/2012 1:17:08 PM PDT by Apple Pan Dowdy (... as American as Apple Pie mmm mmm mmm)
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To: Apple Pan Dowdy

My favorite thing was to get the big bags of foreign stamps. I learned a lot about history as a kid because of stamp collecting.


16 posted on 08/21/2012 1:18:26 PM PDT by dfwgator
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To: SMGFan

Sell them for HALF PRICE! That way you can get some value for them......................


17 posted on 08/21/2012 1:18:41 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: nascarnation
In the old days post offices released a conservative number of issues each year. Another rule was no living person on a stamp except the monarch in the case of the old British empire. That has changed due to marketing. Australia has been issuing stamps of their gold medalists in the olympics and many other living persons. All sorts of third world countries issue stamps of celebs and sports stars that have zero connection to the issuing country purely to cash in on collectors. Pretty sure there are some stamps out there for 0. Kenya could at least be a plausible issuer though.
18 posted on 08/21/2012 1:19:38 PM PDT by xp38
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To: ozzymandus
The cost ($1.2 million for 700 million surplus stamps) is 0.17¢ per stamp. Selling at a penny discount would a $7 million loss on top of the $1.2 million already lost.

One over issue of stamps would be a mistake, but it looks like most of the special issue stamps are over produced. I buy so few stamps anymore that I don't even bother to see what they are producing anymore. I'm still working on my 2011 Christmas stamps. Those few people (mostly tax collectors) who I mail to generally get those. I'll save my Liberty Bell stamps for relatives who would give me crap about a Christmas card in August.

19 posted on 08/21/2012 1:21:17 PM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: Red Badger
Sell them for HALF PRICE! That way you can get some value for them......................

Now we're up to spending (or actually losing from displaced sales of full price stamps) $154 million to make up for a $1.2 million mistake. Are you trying to steal the Postmaster General's job?

20 posted on 08/21/2012 1:25:26 PM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: KarlInOhio
One over issue of stamps would be a mistake, but it looks like most of the special issue stamps are over produced.

I find that they always run out of the Reagan stamps, and also the religious (Nativity Scene) Christmas stamps.
21 posted on 08/21/2012 1:27:18 PM PDT by Dr. Sivana ("I love to hear you talk talk talk, but I hate what I hear you say."-Del Shannon)
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To: nascarnation
When are the Baraq & MooseChelle series stamps released?

They were already issued but they didn't stick.. everyone was spitting on the wrong side.

22 posted on 08/21/2012 1:28:00 PM PDT by Track9 (Ego undermines moral courage.)
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To: SMGFan
Glad you brought this one up. This happened with the Cape Hattaras Stamp many moons back. Insiders conspired to pull out and set aside Blocks of Four with plate block numbers ~ those suckers were worth over $6.00 per block on the collector's market ~ which is incredible for anything with just 4 cents postage showing!

They got caught. High officials were removed. I guess some plea bargaining got back all the plate blocks and folks just walked away from the embarassment although the stamp collecting kit had Cape Hattaras blocks of four in it for years afterwards.

Could be the overproduction served to cover up some select production used to enrich insiders with plate blocks.

Might look at that problem.

Stupid IG couldn't find his butt with his hands in his pockets so I may have to call him and remind him how this trick is done ~ and it ain't with smoke and mirrors.

23 posted on 08/21/2012 1:28:17 PM PDT by muawiyah
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To: xp38
Australia has been issuing stamps of their gold medalists in the olympics and many other living persons.

How about print on demand stamps of the customer at the Post Office counter? I call this extra-rare issue "annoyed balding guy looking at idiot government employees".

Pretty sure there are some stamps out there for 0. Kenya could at least be a plausible issuer though.

I thought they were defective until the post office informed me that I was spitting on the wrong side.

24 posted on 08/21/2012 1:29:17 PM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: KarlInOhio

Good work, if you can get it!............


25 posted on 08/21/2012 1:29:30 PM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Track9

LMAO


26 posted on 08/21/2012 1:30:44 PM PDT by nascarnation
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To: SMGFan

Back in the 30’s when Germany’s economy went bad they just overprinted the stamps with new denominations to save the costs. Inflation at that time was rampant as it will be here if we don’t unload the Marxists, all of them!


27 posted on 08/21/2012 1:31:25 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: KarlInOhio

The US Postal Service just announced they are issuing a series of stamps honoring famous prostitutes.....the cost will be 42 cents per stamp, but if you want to lick them, it will cost you 20 dollars.


28 posted on 08/21/2012 1:33:39 PM PDT by dfwgator
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To: KarlInOhio

Bump! Absolutely perfect.


29 posted on 08/21/2012 1:37:42 PM PDT by upchuck ("Definition of 'racist:' someone that is winning an argument with a liberal." ~ Peter Brimelow)
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To: nascarnation

That’d be expensive toilet paper.


30 posted on 08/21/2012 1:45:40 PM PDT by carriage_hill
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To: SMGFan
My Post Office still has Valentines Day crap displayed - it amazes me that the USPO thinks people (customers) want this crap.

There's no need for it - they should stick with plain stamps and brown boxes.

31 posted on 08/21/2012 1:50:11 PM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: Spktyr

Here we are as a nation, broke, and yet these morons in government “service” are continuing on as though there is a bottomless pit of taxpayer money for them to piss away whenever and on whatever their little hearts desire. For the life of me, why the USPS is still producing “commemorative stamps” when they contribute to their burgeoning debt is beyond comprehension.


32 posted on 08/21/2012 2:18:48 PM PDT by vette6387
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To: SMGFan; big'ol_freeper; Lil'freeper; TrueKnightGalahad; blackie; Cincinatus' Wife; Larry Lucido; ...
Re: --the service produced 1 billion of Simpson Stamps... and sold 318 million

Gadzooks, big? Don't tell me... you've been cancelled?

Well, don't sweat it... I've been cancelled by Fox more times than I can count--

33 posted on 08/21/2012 2:30:01 PM PDT by Bender2 ("I've got a twisted sense of humor, and everything amuses me." RAH Beyond this Horizon)
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To: SMGFan

Do’h!...close the postal department!


34 posted on 08/21/2012 2:54:08 PM PDT by AngelesCrestHighway
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To: Spktyr
Who collects stamps any more, anyway?

You'd be surprised at who still collects stamps. My father is a stamp dealer, and has been one full-time since 1976. I handle his Ebay sales, which are very healthy. He's busier now at age 77 than he's ever been.

Having said that, he doesn't deal in new commemoratives - that's just postage. OTOH, he bought a huge plate block collection for about 6% of SCV, and I've putting them up for him at 10%, and the final auction prices are around 15-30%, so he's really happy about that.

Also, I just sold a bunch of Crosby covers for him - those have real photographs and cool cachets and were created in the 1930s and '40s.

Mostly, though, he doesn't even deal that much in U.S. stamps - his expertise is in Germany and Europe. He has customers all over the world - I know more about international mailing than the people at the Post Office do (which might explain some things that are wrong there) - and he also buys and sells in live auctions here and in Europe.

Just handling his Ebay sales for him has expanded my geographical knowledge immensely, and I like to joke that I'm now a philatelist against my will. I also like to say that, when in doubt, it's probably a British colony. LOL!


35 posted on 08/21/2012 3:29:00 PM PDT by Maven
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To: AngelesCrestHighway
Do’h!...close the postal department!

LOL!... or have Bain Capital take over.
36 posted on 08/21/2012 3:32:58 PM PDT by hawaiianninja (Palm note to self: Work for a succesful 2012! +Throw the liberal garbage out!)
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To: Dr. Sivana
I find that they always run out of the Reagan stamps, and also the religious (Nativity Scene) Christmas stamps.

They still print Nativity stamps? All I've found the last few years are ornaments and (woo-hoo) pinecones.

37 posted on 08/21/2012 3:44:43 PM PDT by JustSayNoToNannies (A free society's default policy: it's none of government's business.)
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To: JustSayNoToNannies
They still print Nativity stamps?

You have to ask, and get them early (preferably before December). They always have a great Master's work, a secular one, and a Hannukay and sometimes Kwanzaa.


38 posted on 08/21/2012 6:33:18 PM PDT by Dr. Sivana ("I love to hear you talk talk talk, but I hate what I hear you say."-Del Shannon)
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To: Slings and Arrows

39 posted on 08/21/2012 9:13:57 PM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: a fool in paradise

40 posted on 08/21/2012 9:17:46 PM PDT by Revolting cat! (Bad things are wrong!)
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To: xp38; nascarnation
All sorts of third world countries issue stamps of celebs and sports stars that have zero connection to the issuing country purely to cash in on collectors.

Case in point:


41 posted on 08/21/2012 9:27:12 PM PDT by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: Bender2

D’oh!


42 posted on 08/22/2012 5:07:04 AM PDT by big'ol_freeper ("Evil is powerless if the good are unafraid" ~ Ronald Wilson Reagan)
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