Color: Blackish Violet Subject: Henry Clay Paper: Hard white wove paper Printing method: line-engraved intaglio on flat plates Printer: Continental Bank Note Co. Perforations: 12 Scott #: 162 Quantity issued: 2.9 million Date Issued: July 1st 1873 #162 has a secret mark (see below)
Value
An unused stamp with perfect gum:- An unused stamp with gum and a hinge mark: $1,800- $2,900 A used stamp: $11-$27
About the large bank note stamps
A National Bank notes from 1870
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"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.
Usage
#162 on a cover to England
Key Usages of the 12¢ 1873 Stamp: A few less common countries required the 12¢ rate, however the stamp was mostly used in conjuction with other stamps to pay for higher rates.
Shades of the dull violet 12¢ and the reasons behind them
The color variations in the 12¢ dull violet issue were primarily due to inconsistencies in ink mixing, printing batches, and different formulas used by the various printers. While officially issued as "brown," this specific stamp exists in shades ranging froma dull violet or gray violet to a deeper violet
#162 has a secret mark placed there by the new printers, the Continental Bank Note Company, to differentiate it from the previous printers stamps. The secret mark is a dot in the figure two.
#162a
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Grilled (J grill) #162a
The Inspiration for the Design
Joel Hart's marble bust of Henry Clay
The inspiration for the design of the 12¢ stamp, featuring Henry Clay, was a marble bust sculpture by Joel Tanner Hart.
Hart initially created a plaster model from life, which served as the foundation for his later marble and bronze works. Clay himself reportedly admired Hart’s talent and approved of his likeness, a rarity given that Clay often disliked how artists rendered his face.