[Stamps] In the early 1930's, Postmaster General James A. Farley began giving imperforate sheets of new stamps to family and friends, including President Franklin D. Roosevelt, who autographed this sheet.

Farley never intended these sheets to go on the market. But a collector offered a sheet autographed by Farley to a dealer for $20,000. Philatelic societies appealed to President Roosevelt, a fellow stamp collector. Under pressure, the post office agreed to sell imperforate sheets--which became known as "Farley's Follies"--at face value.

Courtesy of the National Postal Museum.

Farley Follies sheet of stamps, signed by President Franklin D. Roosevelt, United States Postal Service, 1934

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