In October, the United States Postal Service will issue a commemorative stamp featuring the departed Supreme Court Justice Ruth Bader Ginsburg, reports show.
A first-day-of-issue ceremony for a new Forever stamp honoring Ginsburg’s legacy would be held in October. The Postal Service has stated that attendance is open to the public and free of charge.
After a long battle with pancreatic cancer, Ginsburg passed away in 2020 at the age of 87. She devoted 27 years of her life to the Supreme Court.
Ginsburg is depicted in a black judicial robe with a white collar on the stamp. The stamp was designed by Ethel Kessler, the art director for the United States Postal Service, and has artwork by Michael J. Deas based on a picture taken by Philip Bermingham.
The USPS stated that the first-class Forever stamp will be available for purchase in panes of 20. The price of a stamp is $0.66.
In July, stamp prices were raised for the second time this year.
An increase from 63 to 66 cents was made to the price of a first-class “forever” stamp. This follows increases from 58 to 60 cents in July 2022 and from 60 to 63 cents in January. In January, stamps cost 50 cents, marking the fifth consecutive increase.
According to the Government Accountability Office (GAO), the Postal Service has over $144 billion in debts and unfunded liabilities. It is self-funded by the sale of postage and other goods and services and gets no government money to cover its daily operations.
Analysts say the USPS overestimated its losses from marketing mailing and other sources despite the $107 billion bailout in the Postal Service Reform Act enacted by President Joe Biden last year.
Reports show despite inflationary pressures adding $3 billion to USPS costs during the last two years, the business expects to break even by 2030, two years after presenting its restructuring plan in 2021. The USPS will increase prices twice yearly to raise $44 billion by 2031.