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In 1797 the U.S. Congress passed the "Stamp Act" authorizing each state to stamp bills of exchange, licenses, commissions, bonds, and similar documents. This act was passed to support the war with France and to increase the circulation of paper currency. There were three federal issues of this act. The first issue was in effect from July 1, 1798 to February 28, 1801. For this issue the U.S. Congress sent a press and a set of steel dies to each of the then sixteen states. Officers of each state were obligated to mark all documents with the proper stamp. Each of the dies represented a denomination and was engraved with the name of the state that used it. Stamps range in denomination from four cents to ten dollars (4c, 10c, 20c, 25c, 30c, 50c, 75c, $1, $2, $4, $5 and $10).
This may be the only surviving complete set of the sixteen that were issued.