The first denomination of the Third Bureau Series, the 1-cent Franklin, has the wording "U.S. Postage" at top and "One Cent" at the bottom. The last time a stamp portraying Benjamin Franklin did not have a numeral in the design to depict the denomination was in 1851 with the 1-cent stamp of the Toppan, Carpenter 1851-1861 Issue.
The first 1-cent Franklin of the Third Bureau Issue rolled off the presses in the late fall of 1908. That first printing was of stamps with a double line "USPS" watermark, and the last printing of 1-cent Franklin stamps began in the late fall of 1910. In that short span of two years, the Bureau of Printing and Engraving produced eleven renditions of the stamp. The number is thirteen if one includes booklet panes. A variety of papers, coils, watermarks, and perforations differentiate the versions.
The 1-cent Franklin most often paid the one-cent card rate. Patrons also used it with other denominations to fulfill large weight and foreign destination rates. By the time the last 1-cent Franklins were sold, more than 14 billion had been issued.