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New Reagan postage stamp unveiled in Simi Valley

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One of Ronald Reagan's favorite places to visit was his ranch in Santa Barbara - the backdrop of a new stamp commemorating what would have been his 100th birthday next year.

The design of the Ronald Reagan centennial postage stamp was unveiled Monday by the U.S. Postal Service during a ceremony at the Ronald Reagan Presidential Library and Museum in Simi Valley.

The stamp will be sold at post offices beginning Feb. 10, four days after Reagan's Feb. 6 birthday.

During Monday's unveiling, Nancy Reagan smiled and affectionately touched a large portrait of her late husband used for the stamp. The portrait was created by Texas artist Bart Forbes and is based on a 1985 photograph of Reagan taken at Rancho del Cielo.

This is the third Ronald Reagan stamp. The first was a 37-cent one released after Reagan's death in 2004. The Postal Service re-issued the same stamp at 39 cents following a rate increase.

The preliminary design shows a 44-cent value on the new Reagan stamp, but it may become a "Forever" stamp by the time it is sold, said postal officials. Forever stamps sell for the going first-class rate and cover the full postage if rates increase.

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