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Yes, First Day Covers or FDCs, have some value. The picture or 'cachet' on the envelope can affect the value, some makers have limited runs and others are very artistic. Most FDCs can be purchased for a few dollars.
The rarety of the stamps can also have an affect. You can obtain further information by consulting a specialized catalog, there may be one in your local library.

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Q: Do stamps affixed to special envelopes with titles such as American Revolution Bicentennial 1973 First Day of Issue have any value?
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