I bought a new styptic pencil today, 17th Sept 2016, and noticed an expiry date on the packaging of March 2017 - I bought the pencil as a replacement for one I've had for over 45 years which still works (used it successfully this morning). As I've used an electric razor for the last 35+ years, the old pencil didn't get much use but seems to be more in demand these days and is looking a bit crumbly so I thought a new one might be advisable. In light of my experience and other answers, I think I'll take my chances with the manufacturer's advice!! It contains 98.66% Aluminium Sulphate and 1.34% Talc - if anybody can come up with a good reason not to ignore the manufacturer's advice, I'd be interested.