Al Williams writes that International Reply Coupons (IRCs) are nearing their end as the Universal Postal Union prepares to phase them out by December 31, 2026. Once essential for radio hobbyists and international mailers, these coupons allowed individuals to pay postage in one country that could be exchanged for local stamps in another, but modern digital communication has rendered such physical vouchers nearly obsolete.
- Radio enthusiasts used the system primarily to receive QSL cards from foreign stations without requiring senders to cover international shipping costs.
- The Universal Postal Union consists of an association of post offices across 192 countries.
- Charles Ponzi's original scheme involved exploiting price discrepancies for these coupons between different nations.