The listing, 1¢ Franklin w/ Pre-Cancel: "NEW YORK N.Y." has ended.
On Scott #581, this appears to be an example of a US Bureau of Engraving and Printing's Pre-Cancel:
"NEW YORK N.Y.", in all capital letters with (roman/serifed) type, and two lines (not bars).
[1 of 64 different Bureau Pre-cancels on this stamp]
"Pre-cancels" represent a highly specialized area of stamp study and collecting in which the stamp is of limited concern compared with the printing methods, typography, and text of the "over-printed" matter.
I am no expert in this area and would refer anyone interested to: The Precancel Stamp Society, Inc. at: www.precancels.com
Originally tested in three cities, these became widely used to reduce handling and to speed-up the mail.
A special permit is required for use of these by the public (except for such notable examples as the 1969 6-cent Christmas stamp (designed by Stevan Dohanos) and later Christmas mail issues).
Definitive Issue of 1923-29
1¢ - Benjamin Franklin
(beginning: April 21, 1923)
Scott #581
Perf. 10
Condition: USED - with paper remnant & missing perfs.
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