#464 - 1916 - Perf. 10 - Unwatermarked
Basic Info
1¢ Light green, bluish green, green, dark green
Printing Method: FLATE PLATE
Subject: George Washington
Number issued: 1,815,000,000
Perforations: 10
Watermark: Unwatermarked
Scott #: 462
Issued: September 27 1916
Value
Used
Less than $1
No postmark with gum (MH)
$1 - $3
Full perfect gum, no postmark
no trace of stamp hinge mark (MNH)
$3 - $12
A full pane of 100 #462, there were four panes to a sheet
A rare double impression of #462, valued at around $2,750
Plate Numbers
Numbers Only
6953
7384
7647-49, 50, 51, 52, 54,55, 56, 59,64, 65, 66, 67, 68, 69, 70, 71, 74.
7725-26, 27, 31, 33, 36, 41, 43, 49, 50, 53, 54, 55, 56, 57, 58, 59, 61, 64, 65
7831-32, 38, 50, 62, 63, 64, 65, 74, 75, 76, 77, 78, 79, 83, 84, 86, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99.
7900-02, 03, 05, 07, 08.
A change to Unwatermarked paper
During the World War I questions of economy were paramount and the Bureau finding that unwatermarked paper could be bought at considerable saving specified this for their contracts effective July 1, 1916. On August 22 this new paper was first used.
These stamps were almost entirely overlooked by both collectors and dealers. The single line watermark on the previous stamps was almost invisible and this unwatermarked variety not being an obvious change either as to design or perforation comparatively few were saved. It was current for less than six months and is one of the most desirable one cent regular issued stamps of the twentieth century. Because of the obscurity of the watermark on the previous issue care should be taken when classifying a stamp of this variety.
While these stamps were current, the Bureau of Engraving and Printing made the first experimental precanceled stamps. 'These were prepared for Augusta, Me., New Orleans, La., and Springfield, Mass.
Precancels
While these stamps were current, the Bureau of Engraving and Printing made the first experimental precanceled stamps. An example of a precancel is shown above. Almost all precancels have a solid line above and below the location name.
Counting and inspecting stamps before shipment, Bureau of Printing and Engraving, Washington, D. C. 1917
Men stand by a horse-drawn wagon alongside the Bureau of Engraving
War Stamps
In 1916 in order to help finance the war effort, postal stamps were taxed primarily within the British Empire by overprinting the stamps with the words ‘WAR TAX’, 'WAR STAMP' and various derivations. There was some thought by members of the public that this practice should be applied to US postage stamps and the above examples were submitted to the Bureau for consideration.The idea was rejected and the US did not issue any war stamps.
Although in 1916 the idea of a war tax stamp had been rejected the following year the idea of a stamp to assist the war effort was resurrected. It took the form of the WAR SAVINGS CERTIFICATE STAMP.
The primary, interest-earning stamp issued was the War Savings Certificate stamp, which was worth 5 dollars at maturity on January 1, 1923. These stamps needed to be affixed to an engraved folder called the War Savings Certificate, which carried the name of the purchaser, and could only be redeemed by that individual. Between December 3, 1917 and January 31, 1918, each stamp could be purchased at the price of $4.12. If purchased on January 2, 1918, the return on the investment would be 4 percent, compounded quarterly. The price of the stamp increased by one cent for each month after January 1918 until sales ended in December 1918. Owners of these stamps could also redeem them for cash prior to the maturity date and receive the amount paid plus one cent for every month after the original purchase.[2] The Treasury issued a new series of War Savings Certificate stamps in subsequent years, with the same interest rate and time to maturity. The final series of War Savings Certificate stamps were issued on December 21, 1920, maturing on January 1, 1926
The 1916 Definitive Issue Perf 10
