#153 1870 24¢ Without grill

Basic Information

Color: Purple
Subject: General Winfield Scott
Paper: Hard white wove paper
Printing method: line-engraved intaglio on flat plates
Printer: National Bank Note Co
Perforations: 12
Scott #: 153
Quantity issued: 1,144,000
EDU: November 18th, 1870

Value

An unused stamp with perfect gum: $40,000
An unused stamp with gum and a hinge mark: $1,400-$1,800
A used stamp: $18-$32

Usage

#153 earliest date of use, November 18th 1870

Usages of the 24¢ 1870 Stamp:
24 cents was a common rate for pre-paid single-rate letters to various European countries, including Britain, during the late 1860s and early 1870s, as well as multiple-weight rates for shorter distances. It was frequently used for registered letters (which required additional postage) to foreign destinations, often in combination with other denominations.

About the large bank note stamps

A National Bank notes from 1870
Click image to enlarge

"Large Bank Note" stamps refers to a major definitive series of postage stamps issued between 1870 and 1890. They are called "Bank Notes" because they were produced under contract by three private security printing firms—the National, Continental, and American Bank Note Companies—before the Bureau of Engraving and Printing took over production in 1894.

Key Characteristics
Size: They are called "Large" to distinguish them from the "Small Bank Notes" (or "Baby Bank Notes") issued from 1890 to 1894, which were reduced in size to cut production costs.
Paper and Grills: Early issues (National) often feature "grills" (embossed patterns intended to prevent reuse), while later issues moved from hard paper (National and Continental) to soft porous paper (American).
Secret Marks: To identify which company printed which stamp, "secret marks" (tiny design modifications) were often added to the original plates when contracts changed hands.

Historical Timeline
National Bank Note Co. (1870–1873): The original printers who introduced the designs.
Continental Bank Note Co. (1873–1879): Took over the contract and added secret marks to the 1¢ through 15¢ denominations.
American Bank Note Co. (1879–1890): After merging with Continental, they printed the same designs on soft porous paper and later introduced re-engraved versions with slightly modified details.

#153a

Double Paper
#153a

The Inspiration for the Design

William John Coffee's marble bust of General Winfield Scott

The inspiration for the design of the 24¢ stamp, featuring General Winfield Scott, was a marble bust by William John Coffee.

Winfield Scott (1786–1866) was a towering figure in the U.S. Army, serving as a general for 47 years and as Commanding General from 1841 to 1861. A hero of the War of 1812 and the Mexican-American War, he was known as "Old Fuss and Feathers". Scott also ran as the 1852 Whig presidential nominee.

Plates

#153 was issued with the following plate #'s

21