15¢ Gray, dark gray
Printing Method: FLAT PLATE
Subject: Benjamin Franklin
Number issued: 144,250,000
Perforations: 10
Watermark: Single line USPS wmk
Scott #: 437
Issued: September 16, 1914
Used
$2 - $7
No postmark with gum (MH)
$25 - $80
Full perfect gum, no postmark
no trace of stamp hinge mark (MNH)
$180 - $240
The Washington-Franklin fifteen cent stamp when first issued served mainly to pay for overweight letters to European and other foreign points and for packages mailed in this country. After six months the registry fee was raised to ten cents. This made a fifteen cent stamp useful to cover registration fee plus a single letter rate on foreign bound letters and the demand increased very rapidly.
The watermark consists of single lined USPS letters. A stamp may show only part of a letter or letters
The color of the flfteen cent stamp was changed to grey on #437 and its predecessor to avoid confusion with the new registry stamp issued three years earlier in the pale blue shade, shown above (#F1).
The earliest known use of #437, September 21st, 1914
#437 was issued with the following plate #'s
Imprint, "A" and number
(shown above)
5747-55, 60, 66, 71, 75, 80
"A" and number
5850
Number only
6809-19, 25, 33
437-P2a
Small die proof printed for the Panama-Pacific Exposition of 1915, post office exhibit
437-P2a