Stamps were issued in denominations of 1, 10, and 50 points. Stamp pages were perforated with glue on the reverse side to mount in twenty-four page collector booklets. Each booklet contained 1,200 points. Reward gifts were based on the number of filled books required to obtain the object. Green Stamps had no real cash value.
S&H Green Stamps could be obtained at supermarkets, department stores, and gas stations. Completed booklets could be redeemed at one of 800 distribution centers located around the country. Most popular in the early 1960s, S&H boasted that its reward catalog was the largest publication in the United States. They issued three times more stamps than the United States Postal Service.
Economic recessions in the 1970s reduced sales and decreased the value of the rewards. Shoppers began to see the stamps as not worth the trouble, and stores started to drop out of the program. In 1981, the founders' successors sold the business.
Green Stamps entered the realm of pop art iconography when Andy Warhol used a three step silkscreen process to print a 23"x22.75" canvas in 1962. Three years later, he used offset lithography to print the classic green stamp images on forty-nine 7'x7' panels to act as wallpaper within a gallery exhibit at the Institute of Contemporary Arts in Philadelphia. A single panel recently sold at auction for $6,250.
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