Stamps are authorized impressions or marks used for the prepayment of the tax or fee. It is really an official mark or seal indicating an authorization, ownership, or payment of tax. The history of stamps may be traced to the sixteenth century. The 1st official royal mail office was opened in England in 1516. Later, mail was required to be paid for by the recipient rather than sender; this technique proved too problematic for anyone due to resulting preponderance of undelivered mail. The very idea of adhesive postage stamp was introduced by James Chalmers in the uk in 1834. Brazil issued stamps in 1843, as well as in america, the adhesive postage stamp was officially issued in 1847.

The earth's first prepaid postage stamp, called Penny Black, was issued on May 6, 1840, together with the profile of Queen Victoria printed into it. Rowland Hill invented the initial adhesive postage stamp. By and by, stamps picturing various personalities, instances and festivals was issued. Stamps introduced a new brand of hobbyists called philatelists. Stamps already went through many changes and today they come in sizes, designs, and formats.
Revenue stamps are an indirect strategy for collecting taxes. Many documents for example contracts and agreements should be affixed with revenue stamps. Revenue stamps are much older than postage stamps historically.
Today, stamp collection is a preferred hobby among children in addition to adults around the world. Old and rare stamps are sold and purchased at expensive, often even millions of dollars.
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