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As a result, the Post Office retained one cent of the price change as a previously allotted adjustment for inflation, but the price of a first-class stamp became 47 cents: for the first time in 97 years (and for the fourth time in the agency's history) the price of a stamp decreased.
The 1-cent drop-letter rate was also restored, and Post Office plans did not at first include a stamp for it; later, however, an essay for a 6-cent Franklin double-weight stamp was converted into a drop-letter value.
At first glance, the design types may appear almost the same. Washington with Olive branches, postage spelled out, TWO CENTS. Franklin with Olive branches, the denomination spelled out, ONE CENT (denomination is only spelled out on the 1- and 2-cent, 1908, 1909 and 1910 issues, six stamps.)
1-cent US. Estimated value. US $ 3,000,000 (2007) The Benjamin Franklin Z Grill, or simply "Z-Grill", is a 1-cent postage stamp issued by the United States Postal Service in February 1868 depicting Benjamin Franklin. While stamps of this design were the common 1-cent stamps of the 1860s, the Z-Grill is distinguished by having the so-called "Z ...
1869 Pictorial Issue. The 1869 Pictorial Issue is a series of definitive United States postage stamps released during the first weeks of the Grant administration. Ten types of stamp in denominations between one cent and ninety cents were initially offered in the series, with eight of these introduced on March 19 and 20, 1869 and the two ...
The Series of 1902, also known as the Second Bureau Issue, is a set of definitive postage stamps in fourteen denominations ranging between one cent and five dollars, produced by the U. S. Bureau of Engraving and Printing and issued by the United States Post Office.