The 5-cent stamp honoring American service members and marking the 25th anniversary of the Saving Bonds program was first placed on sale on October 26, 1966, in Sioux City, Iowa, where students of North Junior High School conceived the idea for a patriotic stamp in tribute to our service members.
The stamp was designed by Stevan Dohanos, a member of the Citizens' Stamp Advisory Committee. Mr. Dohanos based his design on a photograph of the flag and the Statue of Liberty by Bob Noble that appeared in the New York Herald Tribune on October 29, 1961.
The stamp was printed on the Giori press and issued in panes of fifty stamps each. An initial printing of 120 million stamps was authorized.
Postal Bulletin (September 29, 1966).