#318 1908 1¢ Coil

Basic Information

Color: Blue Green
Subject: Benjamin Franklin
Watermark: Watermarked double-lined USPS
Printing method: line-engraved intaglio on flat plates
Perforations: 12 horizontally
Scott #: 318
Quantity issued: Not known
Issued: July 31, 1908

Value

An unused stamp with perfect gum: -
An unused stamp with gum and a hinge mark: $1,000-$3,000
A used stamp: -

The 1908 Coils

Private vending machines from the era

The Rise of Vending Machines
In the early 1900s, automated stamp vending and affixing machines were becoming highly popular for businesses and the general public. These machines required stamps to be arranged in long, continuous rolls (coils) rather than traditional, bulky sheets.
The Government Experiment
To meet this demand, the Bureau of Engraving and Printing (BEP) produced an experimental batch of coils. Because they did not have specialized rotary presses yet, they used regular flat-plate sheets of 400 stamps. These sheets were perforated in only one direction, cut into vertical strips of 20, and then pasted end-to-end to form large rolls.
Ignored and Overlooked
Because this was an off-the-cuff, temporary experiment, collectors and post offices were largely unaware the stamps existed. The rolls were sent to only a few select cities (Washington D.C., Indianapolis, and Baltimore) for testing in vending machines. The public and postal workers actually complained about these early issues, as the perforations were too close together and the stamps easily fell apart.

Usage

#318 earliest known use, dated December 20th, 1906
There are no #318 stamps on cover

The 1¢ Benjamin Franklin stamp was used specifically for:
Postcards: The standard rate for sending a postcard anywhere in the United States.
Drop Letters: Letters mailed and delivered within the same post office district without traveling through broader transit systems.
Third-Class Mail & Printed Matter: Bulk circulars, newspapers, and printed items (priced at 1¢ for every 2 ounces).
Make-up Rate: Combined with other denominations to meet higher or odd postage rates.

Essays and Proofs

300-E

300-E1

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300-E4

300-E

300-P2

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The Inspiration for the Design

Benjamin Franklin source painting

In the nineteenth century Benjamin Franklin was depicted by a bust on the 1¢ value. The 1902 series made the switch from busts to portraits.

Designed by Raymond Ostrander Smith, it was one of the most ornate definitive stamps ever printed by the Bureau of Engraving and Printing, featuring flanking allegorical figures holding electric light bulbs to represent Franklin's scientific achievements.

Franklin’s image was inspired by an engraving after a painting by J.B. Longacre that resides in the State Capitol in Harrisburg, Pennsylvania.