1923 Franklin Scott# 604 Horizontal Coil Stamp

Updated August 7, 2026

U.S. Scott # 604, the 1¢ green Benjamin Franklin vertical coil stamp from the Series of 1923-1926 (Fourth Bureau Issue). It was issued on July 18, 1923 (or grouped under 1924-1925 production in some references), printed on rotary press paper, perforated 10 horizontally (with straight edges on the left and right sides), unwatermarked, and produced in coil rolls for vending machines or dispensers.Key Identification Features Matching Your Example:Design: Benjamin Franklin profile facing right, "FRANKLIN" at bottom, "ONE CENT" below, ornate frame with "UNITED STATES POSTAGE" arched in the oval. Color: Green (standard deep or yellowish green shade). Perforations: 10 top and bottom only (horizontal perf for vertical coil format); sides straight/trimmed. Cancel: Heavy Bureau precancel reading "NEW YORK / N.Y." in two lines (with additional horizontal bars/waves across the portrait for cancellation). This is a printed precancel applied at the Bureau of Engraving and Printing before distribution, common for high-volume cities like New York to expedite mail processing in the 1920s. Format: Single Horizontal coil stamp (taller/narrower design due to rotary press stretch). This matches the common precanceled coil issue exactly. It is not a rare coil waste variety (e.g., Scott #594 perf 11 all around rotary coil waste, which is extremely scarce/valuable in the thousands to tens of thousands; your perf is 10 horizontal, and the design dimensions/precancel style rule out rarities like #594 or #596). New York NY Bureau precancels on #604 are among the most common due to massive postal usage in the city.Value and Auction/Realized Prices (based on current 2026 market trends from dealer sites, eBay sold listings, HipStamp, Mystic Stamp, and historical auction data):Used single (typical condition like yours: heavy precancel, average centering, no faults): $0.25–$1.00 retail value; most sell for $0.50–$1.50 in online sales or lots.

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