The Value of the Stamp




Benjamin Franklin (biography)

1c -
Bright ultramarine, Bright Ultramarine or Dark Ultramarine
Triangles in Corner
Scott #246 - 1894

 
NY Auction Houses
 
Spring 2003
-
-
-
-
Fall 2003
-
-
-
-
Spring 2004
$8-$10
$5-$7
-
-
Fall 2004
$15-$22
$7-$10
-
-
Spring 2005
$17-$25
$5-$7
-
-
Fall 2005
$17
$5-$25
$85-$260
-
Spring 2006
$10
$3-$4
$400
90
Fall 2006
$11
$6-$7
-
-
Spring 2007
$20
$3-$10
-
-
Fall 2007
$12
$3-$6
$450
90
Spring 2008
$21
$8-$20
-
-
Fall 2008
-
$12-$17
90
-
-
$2,800
95J
Spring 2009
$22-$50
$8-$13
$700
90
-
-
$650-$1,500
95J
Fall 2009
$15-$95
$3-$19
-
-
Spring 2010
$17-$18
$4-$14
-
-
Fall 2010
$20-$27
$4-$13
$2,300
98J
Spring 2011
-
-
-
-

Used stamps are worth less than $1

Statistics


Issued: 10th October 1894, earliest recorded example 17th October 1894 (shown below)

Plate Size: Sheets of 400 subjects (4 panes of 100)

Printer: The Bureau of Printing and Engraving, their first contract

Watermark: None

Quantity Issued: 67,000,000

What you should look for


As this was the Bureau of Printing and Engraving contract a small triangle was cut into the design at top left and top right. This distinguishes it from the earlier 1890. As this was the Bureau's first attempt at printing their is quite a bit of color variation. The stamp is almost instantly reconizable by its color, a color that would not take well on Washington DC's humid days, so the color was changed from the Ultramarine you see above to a more easily handled blue, Scotts #247.

Above is an example of the aforementioned
color variation. In this case a bright pastel blue.

Occasionaly postmarks from states that had tiny amounts of mail in this year can add to the value. This is particularly true of Alaska and the Territories. For a list of the number of stamps issued by each state in the year ending 30th June 1894 click here.

The Inspiration for the Design


The design was taken from the portrait bust of Benjamin Franklin by Jean Antoine Houdon. Now at the Philadelphia Museum of Art.

Previous versions of Franklins portrait on the 1c stamp had Franklin facing to the right. This, along with the pale blue color were the principle reasons that this design was disliked by the general public. The NY Times said that Franklin facing to the left 'entirely altered his expression and making him resemble a putty-faced personification of senility'.

Varieties to look for


The stamps ranges from bright ultramarine to dark ultramarine, due to the difficulty in printing this color you may see color variations with the stamp stamp. Other than the occasional double entry there is little to look for.

The Making of the Stamp


Essay 246 E2





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