#112 1869

Basic Information

Color: Buff
Subject: Benjamin Franklin
Paper: Hard wove paper
Printing method: line-engraved intaglio on flat plates
Printer: The National Bank Note Company
Perforations: 12
Watermark: none
Plates: 1, 2
Scott #: 112
Quantity issued: 12,020,550
Issued: March 27th, 1869

Value

An unused stamp with perfect gum: $400-$600
An unused stamp with gum and a hinge mark: $30-$60
A used stamp: $8-$12

Usage

#112 used on a newspaper paying the 1¢ printed matter rate

#112 was primarily used for the pre-payment of postage on newspapers, printed matter and unsealed circulars.It is also found on covers with other values to pay a higher rate.

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 Though expected to be printed over a period of four years, the stamps were withdrawn from sale within a year of their release.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 either #133 the 1869 re-issue or the #123 the 1875 re-issue.

The Inspiration for the Design

Benjamin Franklin bust by Jean-Antoine Houdon

The design of the 1869 US 1¢ stamp was inspired by a sculpture of Benjamin Franklin, which is currently located in the Pennsylvania Academy of Fine Arts in Philadelphia.

The portrait was modeled after a bust (sculpture) of Franklin, not a painting, contrasting with many other 1861 issues that were modeled after paintings.