First Day Cover Collection Value Guide

5) Five Royal International Gold Collection | Mercari
First Day Cover Collection
Estimated Value
$50 – $100
Period
1938
Origin
United States
Materials
Paper, ink, philatelic adhesive

This collection highlights the 1938 Presidential Series, affectionately known as the 'Prexies,' which remains one of the most comprehensive sets in U.S. postal history. Featuring stamps ranging from George Washington to Calvin Coolidge, these covers are highly collectible for their historical significance and the specific first-day-of-issue cancellations that mark their debut.

What Is First Day Cover Collection Worth?

The typical price range for First Day Cover Collection is $50 - $100 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

  • The condition of the envelope, specifically looking for 'foxing' (brown spotting), crisp corners, and the absence of modern toning.
  • The rarity of the cachet maker; covers by famous artists or small-batch printers from 1938 command higher prices.
  • The specific stamp denomination included, as higher-value 'Prexie' stamps or those with rare destination postmarks increase the set's worth.
  • Whether the covers are 'unaddressed,' which is generally more desirable to collectors than those with handwritten or typed recipient addresses.

How to Identify First Day Cover Collection?

  • Verify the 'First Day of Issue' cancellation mark, which must match the specific 1938 release date for the Presidential Series stamps.
  • Examine the cachet, the printed or hand-painted design on the left side of the envelope, for era-appropriate artwork honoring Benjamin Franklin or the Presidents.
  • Check for the presence of specific 'Prexie' denominations, including the Martha Washington 1.5-cent or the White House 4.5-cent stamps.
  • Confirm the paper quality and adhesive type, ensuring the philatelic materials are consistent with United States Post Office Department standards from the late 1930s.

History of First Day Cover Collection

First Day Covers are envelopes bearing a stamp cancelled on its first day of issue. This tradition began in the late 19th century as a way for collectors to acquire unique postal artifacts. The 1938 Presidential Series, also known as the 'Prexies,' is a beloved and extensive set of stamps issued by the United States Post Office Department, depicting all U.S. presidents from Washington to Coolidge, along with Franklin, Martha Washington, and the White House. The Benjamin Franklin cover likely features an earlier stamp or commemorative issue honoring the first U.S. Postmaster General, a key figure in American postal history.

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