Welcome! There is a coil version of the stamp that you are showing us, and it has a significant value. Your's is not the coil, but the run-of-the-mill issue. This 1c Franklin was the standard stamp of the era for postcards and other low-cost mails. There were billions (this is a guess, but an educated guess) printed and used. Because your's is cancelled, it is used. This used stamp has a very small value - the book value is 25c (the minimum that the Scott Catalog lists, which means it is very common and in reality has a value less than that).
Anyway, my point was that you may have seen a big number for the value - it was either an overly inflated value of this stamp, or perhaps the value of the coil stamp with the same design.
You will see this if you buy on eBay
, or other online markets. People will put a price of, say, $10,000 on a stamp that is actually worth more like 5c. Nothing says they cannot do that. They are hoping to hit that one big sale. They hope to find that one idiot out there who has more dollars than sense. So:
A) Don't fall for it if you are buying.
B) Don't use those sale prices as value guides. If they never sell their 5c stamp priced at $10,000, it is not a $10,000 stamp in anyone's eyes really.