Abstract: A hand held stamp dispenser and applicator that feeds pressure sensitive stamps (self-sticking stamps on a backing tape) from a roll. The hand held stamp dispenser and applicator incrementally indexes each stamp by depressing and releasing a manually operated lever press pad. When the lever press pad is depressed three things occur with each press or squeeze that has effect on the dispensing and the application. First, a gear is rotated turning a mandrel to draw the stamp string through a feed channel, thereby, incrementally dispensing a stamp and automatically pealing off the backing tape and exposing the pressure sensitive adhesive. Second, prior to reaching the bottom of the press pad stop point, a latching pawl drops into a gear cog to prevent reversing of the gear and mandrel.