Color: Ultramarine Subject: George Washington Paper: Hard wove paper Printing method: line-engraved intaglio on flat plates Printer:The National Bank Note Company Perforations: 12 Plates: 13, 14 Scott #: 115 Quantity issued: 4,293,100 Issued: March 19th, 1869
Value
An unused stamp with perfect gum:$375-$500 An unused stamp with gum and a hinge mark: $70-$125 A used stamp:$10-$30
Usage
The earliest documented use of #115, April 26th, 1869
#115 was primarily used to satisfy pay double the half-ounce first-class domestic letter rate. It also paid the 6¢ rate to Canada, Great Britain and other foreign countries. It was also used as part of a combination of stamps to pay higher rates.
The Bisect
This is the only documented known example of #115 bisected (#115b). Value $45,000
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 Though expected to be printed over a period of four years, the stamps were withdrawn from sale within a year of their release.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 #126 the 1875 re-issue.
The Inspiration for the Design
Click image to enlarge
The design of the #115 features a portrait of George Washington based on the iconic 1795 "Athenaeum" portrait by American painter Gilbert Stuart. It is the same likeness used for the current United States one-dollar bill
Stuart created roughly 60 to 75 replicas of this image, often referred to as "hundred-dollar bills" due to their high cost at the time. Known as the “Athenaeum” portrait because it went to the Boston Athenaeum after Stuart’s death.