1870 Banknote Issue Designs
The US classic stamps issued between 1870 and 1888 are known as the Banknote Issues to US philatelists. Over this time period, the printing of US stamps was contracted out to the National Banknote Co., the Continental Bank Note Co., and finally the American Banknote Co.
These classic stamps are very popular issues with US philatelists. There are many printing and paper varieties, shades, the New York Foreign Mail cancellations of 1870-1880, and innumerable other fancy cancellation types to be found on these issues. The 3c denominations are the cheapest, and one can develop an impressive collection of fancy cancels, based on these issues, for only a modest investment.
The plate proofs of the 1870 National Banknote Co. issue are shown above. They all feature busts of prominent Americans, which are as follows:
The US classic stamps, shown in the images above, were printed by the National Banknote Co., beginning in April 1870. These stamps were printed on hard, white wove paper of excellent quality, and they are perforated 12.
In keeping with the practice of the late 1860's, the paper of the first printings was impressed with "grills", in an attempt to prevent used examples of the stamps from being "cleaned" and then re-used.
The grilled denominations, from the 1 Cent to the 10 Cent are shown in the image above. The paper of the first 12 Cent, 15 Cent, 24 Cent, 30 Cent, and 90 Cent denominations was also grilled. These high values are very scarce and expensive. The grills come in two types.
grills on these US classic stamps are usually very faint, sometimes
with only a few grill points remaining, especially on the 10 Cent - 90
Later printings by the National Banknote Co., through the end of 1872, were all on paper without impressed grills. The complete used set, without grill, is shown above.
The paper, printing characteristics, and perforations are the same as on the grilled issues.
In about July 1873, the Continental Banknote Co. took over the printing of the US classic stamps Banknote Issues. The stamps are printed on hard, white wove paper and are perforated 12, as were the National Banknote Co. issues.
The Continental Banknote Co. also used a vertically ribbed paper. The stamps printed on ribbed paper are worth much more than those printed on the regular wove paper.
The Continental Banknote Co. used plates with secret marks in the designs on all the denominations from the 1 Cent through the 15 Cent. The object of the secret marks was to provide positive proof that these stamps were printed by the Continental Banknote Co. and not by their predecessors. The secret marks are as follows:
Secret marks were added to the dies
of the 24 Cent - 90 Cent denominations, but no new plates were made
from them. The 30 Cent and 90 Cent denominations are printed in
different shades than the same denominations of the National Banknote
There REALLY IS a Continental Banknote Company printing of the 24 Cent denomination (Scott #164). A proof of it is shown at the left. Due to the plates being identical and the way the unstable purple pigment fades, there is no way to tell the Continental printings on hard, white wove paper from those printed by the National Banknote Co. However, only the Continental Banknote Co. used ribbed paper. ONLY ONE CERTIFIED EXAMPLE OF THIS STAMP EXISTS on ribbed paper, and it is unobtainable!
The dies of the Continental 24 Cent denomination, however, DO HAVE A SECRET MARK that differentiates them from the National Banknote Company stamps. On the Continental 24 Cent, the rays of the lower star on the right hand side of the banner are strengthened. If you want a Continental 24 Cent, this is the only way to go, and it only catalogs $50 in my 2004 Scott U.S. Specialized catalog!
A "J Grill" of about 7 x 9 mm exists on all the US classic stamps Banknote Issue denominations, except the 24 Cent and 90 Cent. The grill was composed of truncated pyramids and was so strongly impressed that it often broke through the paper. They are all VERY RARE.
1875, the Continental Banknote issued a new 2 Cent denomination,
printed in vermilion, and a new 5 Cent denomination, printed in blue.
The new 5 Cent stamp pictures a facing portrait of President Zachary
Taylor. These stamps were printed on yellowish, wove paper and are
perforated 12. They are also shown in the images of the Continental
Banknote Co. set above.
In 1879, the Continental Banknote Co. was consolidated into the American Banknote Co. The American Banknote Co. used many of the existing Continental plates. The 12 Cent and 24 Cent US classic stamps Banknote Issue denominations were no longer produced. The American Banknote Co. printings are shown in the first two images above.
The stamps are printed on soft porous paper, almost like newsprint, and they are all perforated 12. These soft paper printings can be fragile. Mishandling can lead to creases and tears, and careless hinge removal will almost always result in a thin spot.
There are two major types on the 10 C. denomination. The first type has the Continental "secret mark", as it was printed from one of the Continental Banknote Co. plates. The second type, which was printed from new American Banknote Co. plates, has no "secret mark". They are worth about the same, in used condition.
the 5 Cent Zachary Taylor design was replaced by a new stamp, featuring
the portrait of the recently assassinated President James A. Garfield. A
plate proof and a used example are shown in the third image above.
Between 1881 and 1882, the current US classic stamps of the 1 Cent, 3 Cent, 6 Cent, and 10 Cent denominations were re-engraved by the American Banknote Co. They are shown in the top image above. The characteristics of these re-engraved US classic stamps are as follows:
1883, two new denominations of US classic stamps were added by the
American Banknote Co. The new 2 Cent, printed in red brown (shades),
featured the bust of George Washington. The new 4 Cent, printed in blue
green (shades), featured the bust of Andrew Jackson. They are shown in
the bottom image above.
Between 1887 and 1888, the final US classic stamps of the Banknote Issue designs were released by the American Banknote Co. They are all shown in the images above.
A new 1 Cent denomination, featuring Benjamin Franklin, was issued, and the current 2 Cent, 3 Cent, 4 Cent, 5 Cent, 30 Cent, and 90 Cent denominations were re-issued in new colors.
Between 1875 and
1885, special printings were made of almost all the US classic stamps
issued by the Continental Banknote Co. and the American Banknote Co.
With only a couple exceptions, these US classic stamps are all
exceedingly rare, and they are seldom offered for sale, outside of the
major auction houses. For details, see the Scott Catalog.
The following link(s) feature category-focused affiliated seller listings on various eBay sites worldwide. They may enable visitors to shop
for and to buy specific items for the
particular collecting subject they've just read about.
The affiliated eBay seller auction lots provided by eBay, Inc. are not the responsibility of the management of this website. On high priced material, make sure the lots you are buying are properly authenticated.