Neither.
These are press-printed in bulk, so might at-best be called facsimile signatures.
Although many into the late 1800s were truly signed (and some rubber-stamped, and some signed by clerks, so be wary), those from the late 1800s onward are not true autographs - they just look like it.
Certainly collectible, but only of modest value. Finding a few free franks for a general grouping is easy. Finding a specific person/office combination can be challenging as these were on mail typically discarded as junk mail and before the person got to their highest office. Plus the franking rules changed some over the decades.

Here is a thread I started in 2016 with both signed and printed free franks:
https://goscf.com/t/51608