1 Cent Green Franklin Stamps

I was on a website a little while ago and it said that these 1 cent green franklins were worth $5,500 used. Does anyone no anything about these or any of the others? Oh and the black ink numbers are just on the outside plastic not the stamp. Any Value? Top left 2nd row franklins.

Heres exactly what the site said:


BENJAMIN FRANKLIN
1923
Denomination: 1c
Color: Green
Print Method: Rotary
Perforation: 11 (horizontal)
VALUE:
Unused, NoGum $18,000.00
Used $5,500.00







This is off topic but I have a stamp from Peru with the 3.60 boxed out on the left and the 2.00 stamped on the right. Does anyone have any info about this? Thanks.

Natural I'm not sure about the Franklins you are asking about but someone else may know about them. As for the Peru stamp that is a "revalue". When a country would run low on one value of stamp they would take surplus from another value and revalue it by blacking out the original value (the 3.60 in this example)and printing a new value on it (the 2.00 in this example). Hope this helps out and I'm sure some of the more seasoned collectors on the forum will be able to add more to this.

Hi
My catalog shows nine different varieties of the one cent Franklin. The one that is worth big bucks is #594 perf. 11 on all sides not just horizontal.
Hope this helps some
Richard

Hi,

The most common 11 perf stamp is the flat plate version which is less than $2 mint.
The expensive 11 perf stamps are rotary printed which changes the length of one side
of the stamp. 594 and 596 are both perf 11, but 594 is "stretched" horizontally (top
and bottom edge) and 596 is "stretched" vertically ( sides). The difference is a
fraction of a mm ( 1/2 mm) in case of the 594.

I would have said that they were talking about #578 which is rotary press also and
perf 11 x 10, ( 11 horizontally and 10 vertically) , but it is only worth $160 used
which is more than the $85 mint, but not close to the thousands they mention.

578 is available on ebay with buy it now @ 40 for a nice one. Hope this helps and doesn't
confuse. Basically, either their perf description is fuzzy or their pricing.

Jim