Before 1923, each of Georgia, Armenia, and Azerbaijan issued its own postage stamps. The Federation began issuing its own stamps on September 15, 1923, and superseded the separate republics' issues on October 1. The first issues consisted of some of the stamps of Russia and Armenia overprinted with a star containing the five-letter acronym of the federation inside the points. Massive inflation having set in, this was followed by an issue of the Federation's own designs, four values of a view of oil fields, and four with a montage of Soviet symbols over mountains and oil derricks, values ranging from 40,000 to 500,000 rubles. The 40,000 руб and 75,000 руб were then surcharged to 700,000 rubles. On October 24, the stamps were re-issued with values from 1 to 18 gold kopecks. Starting in 1924, the Federation used stamps of the Soviet Union.
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