The Value of the Stamp



Benjamin Franklin (biography)

1c -
Dark blue, blue or bright blue
Triangles in Corner
Scott #247 - Un-watermarked - 1894

 
NY Auction Houses
 
MNH
MH
MNH
Graded
MH
Graded
Spring 2003
-
-
-
-
-
-
Fall 2003
-
-
-
-
-
-
Spring 2004
$40-$60
$6-$12
-
-
-
-
Fall 2004
$40-$75
$12-$25
$100-$160
-
-
-
Spring 2005
$30-$100
$10-$12
$350
-
-
-
Fall 2005
$50-$80
$11-$15
$200
-
-
-
Spring 2006
-
$10-$21
$800
90
-
-
Fall 2006
-
$9
-
-
-
-
Spring 2007
$12-$24
$7-$9
$675
90
-
-
Fall 2007
$27
$7
-
-
-
-
Spring 2008
-
$7
-
-
-
-
Fall 2008
$21-$40
$8-$15
$2,800
95J
-
-
Spring 2009
$25-$26
$10-$16
$400
90
-
-
-
-
$1,300
95
-
-
Fall 2009
$20
$3-$5
-
-
$240
95J
Spring 2010
-
$6-$16
-
-
-
-
Fall 2010
$15
$7-$20
$2,700
95J
-
-
Spring 2011
-
-
-
-
-
-

Used stamps are worth less than $1

Statistics


Issued: 10th October 1894, earliest recorded example 5th November1894

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

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

Watermark: None

Quantity Issued: 340,000,000

What you should look for


The ultramarine ink used on #247 proved unsatisfactory, although it had worked well in New York, it did not like the humidity that Washington D.C. residents endure every summer. Consequently after a short run of only 67 million stamps the Ultramarine was changed to a more stable, seen in this issue. So successfull was it that 340 million were issued in this color.

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.

Shown below is a fairly typical example of the rough looking perforations that plagues #247. This is not a fault, it was a result of the Bureau's first attempt at printing stamps. Through practice they perfected the process and rough perforations like this become infrequent.


Rough Perforations are common

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 247 E1 - Black
Large Die Essay on India Card
72 x 72mm card
Note corner triangle


Essay 247 E2b
Die on White Card
With pencil notations
3 Ultra Blue, 1 Chinese Blue, 2 White

Essay 247 E2b
Die on White Card
With pencil notations
3 Antwerp Blue, 1 Ultra Blue


Essay 247 E2b
Die on White Card
With pencil notations
No 6 with white, Antwerp Blue

Essay 247 E2b
Die on White Card
With pencil notations
1 Antwerp, 4 Ultra

Essay 247 E2b
Die on White Card
Without pencil notations

Essay 247 E3
Die on India
Dusky Green
50mm x 52mm

Essay 247 E4
Die on India mounted on 57mm x 102mm card
which is then mounted on a 144mm x 195mm card
Green

Essay 247 E4 Unlisted variety
Die on India mounted on 65mm x 98mm card
Dull Violet

Essay 247 E5
Die on India , die sunk on card
Dusky Blue Green
(note thick triangle lines)

Essay 247 E6
Die on India , die sunk on card
Dusky Blue Green
(note thin outer triangle lines)

Essay 247 E7
Die on India , die sunk on 151 x 228mm card
Dusky Blue Green
(note triangle lines at adopted thickness)

Essay 247 E8
Ultramarine
Die on India , die sunk on 71 x 72mm card

Essay 247 E8
Dusky Blue Green
Die on India , die sunk on 71 x 72mm card


Essay 247 E8
Dark Blue
Die on India , die sunk on 71 x 72mm card

Essay 247 E8
Blue
Die on India , die sunk on 72 x 73mm card

247-P1
Large die proof on india paper
die sunk on card

Essay 247 P4
Blue
Plate Proof

 


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