Colors: Carmine & black Subject: Abraham Lincoln Paper: Hard wove paper Printing method: line-engraved intaglio on flat plates Printer:The National Bank Note Company Perforations: 12 Plates: n/k Scott #: 122 Quantity issued: 47,640 Issued: May 10th 1869
Value
An unused stamp with perfect gum:- An unused stamp with gum and a hinge mark: $1,500-$3,500 A used stamp:$250-$350
Usage
#122 on a cover to India. Known as the Ice House cover The only known cover with #122
#121 primarily designed for high-value postage, specifically to cover the double-weight rate on mail sent to Great Britain and other international destinations.
About the 1869 series
Alexander Randall Postmaster General 1866-69
The ‘G’ grill (9½ x9mm)
An inverted centre
The 1869 Pictorial Issue was a groundbreaking series of ten United States postage stamps released during the early weeks of the Grant administration. It marked a radical departure from postal tradition by featuring historical scenes and technological subjects instead of just portraits of statesmen. Though sought-after today, the Pictorials were unpopular at the time of their issue. Some Americans thought it unpatriotic to replace the nation’s leaders with other subjects. Though expected to be printed over a period of four years, the stamps were withdrawn from sale within a year of their release.
Key Characteristics & Significance First Pictorial Subjects: These were the first U.S. stamps to depict images other than prominent Americans, such as the 2¢ Post Rider and the 3¢ Locomotive. Two-Color Printing: This series introduced the first U.S. stamps printed in two colours (bicolour), which required the paper to be run through the press twice. Invert Errors: Due to the complex two-colour process, some sheets were fed upside down for the second printing, creating famous "inverts" (the 15¢, 24¢, and 30¢ values). These are among the most valuable rarities in philately. The "G-Grill": To prevent the reuse of stamps, the National Bank Note Company applied a "G-Grill" (a pattern of small indentations) to this issue, a feature unique to the 1869 series. A stamp without the grill is #132 the 1875 re-issue.
The Inspiration for the Design
The Brady photograph
Click image to enlarge
The vignette is based on the February 1861 photograph of Abraham Lincoln whilst he was still in Springfield, Illinois, taken by Mathew B. Brady.
Lincoln was the first historical figure other than Franklin, Washington, Jefferson, or Jackson to appear on a U.S. stamp. Following his death in 1865, the Post Office honored him on the 1866 15-cent stamp (#77), and subsequently on the highest-value stamp of this 1869 series.