112P3 1869 Pictorial Issue Plate Proof block on india

$200.00

Pictorial Issues (1869-1870)

In 1868 the National Bank Note Company was the only firm under contract to the federal government to print United States stamps. When the Post Office Department opened bids for printing the 1869 issue, National Bank Note Company and Butler & Carpenter, another Philadelphia-based firm, vied for the contract, which Postmaster General Alexander Randall awarded to National Bank Note Company. The other firm complained that its bid had been lower and deserved the contract, so Congress appointed a commission to investigate its claims. However, the commission found that National Bank Note Company employed more advanced printing techniques than the competition, and it upheld the postmaster’s decision.

The 1869 National Bank Note Pictorial Issue was the first set of United States stamps printed in two colors. The set featured ten different denominations, ranging from 1-cent to 90-cent. The 15-cent through 90-cent denominations were bi-color stamps. The nearly square stamps went into circulation around March 1869 and remained in use for a little less than a year. The public disliked the stamps for reasons including design, shape, and the ineffectiveness of the gum in affixing stamp to envelope. Because the 1869 Pictorial Issue was the first and last issue to employ multiple colors until 1918, it is considered one of the highlights of the entire Classic Period of United States philately.

Additional information

Catalog Number

112P3

Condition

XF MNH

Denomination

1c

Paper

india

Number Issued

Issued

1869

Cancel

Uncancelled

Catalog Value

250.00

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