Coil stamps are those that were designed to go into vending machines or automatic stamp affixing machines. They are identifiable by the straight edges on two parallel sides and perforations on the other two sides. Coil stamps are typically printed on a rotary press machine. Business buy them because they are 'coiled up' in a roll and take up little room.
Take a closer look at it. The two coil stamps issued were C37 and C41.
These came out in 1968, both the coil and sheet type.
Coil stamps are typically found in a roll of 100. They were sometimes issued in rolls of 500.
Coil rolls of stamps come in 50 or 100 stamp rolls. They can be obtained in much larger rolls for bulk mailers.
Coil stamps are printed on a rotary press. Each plate is created flat and rolled around the press. The two ends of the plate come together and there is a gap there. When printing this gap leaves a thin line in between two of the stamps. Two stamps with this line between them are called a coil line pair.
Scott US#1037This 4 1/2 cent stamp was issued in 1954 as part of the Famous Americans definitive series in use until 1961. It can be purchased for 15 cents used and 40 cents mint through a dealer. The low price indicates that it is of nominal value and a dealer is not likely to purchase a single copy.
There are many different groupings of stamps: An album A stamp collection A stamp exhibit A sheet of stamps - a complete sheet as issued by the post office A pane of stamps - A booklet page A block of stamps - multiples that are still attached A pair of stamps - Two connected, often used with coil stamps A strip of stamps - More than two connected coil stamps
This stamp isn't worth a lot. It is Scott Catalog #815 & 847. Issued as a regular issue (Presidential) in 1938. 100's of millions were printed. There are 5 values for this stamp and they are:New: 40 centsUsed: 20 centsFace: 10 centsDealer: 11+ centsSheets: $52.50 (Brookman Catalog)The coil (#847) catalogs at about $11 mint
I believe it would be US Scott Number 316. An estimated catalog value for a plate line pair is over $240,000.
No, it is not a Forever Stamp.
The stamp-postage value of a stamp is visible on the front of the stamp.
Scott numbers 1294 (sheet) and 1305C (coil) Mint copies run around $4 to purchase. The used sheet stamp is common and worth a few cents. The used coil stamp is not as common and cost a dollar or two. This is a $1 stamp, so much less common than most definitive stamps. Most used US postage stamps are worth 15 or 20 cents, the minimum amount required to catalog and stock the stamps. Unused will always be worth at least their face value. Special cancellations and different values are likely to be worth more. Consult a postage stamp catalog, usually available at your local library for exact identification and catalog values.