The 1-dollar stamp of the First Bureau Issue features a vignette of Commodore Oliver Hazard Perry (1785-1819), a naval hero of the War of 1812. The vignette had previously been used on the 90-cent stamp of the 1890 Issue. The 90-cent design was reworked and issued as the 1-dollar stamp. The color is black.
Two varieties of the design exist on the single plate used for the all the printings of this stamp. Fifteen rows of the plate contain the Type I, and five rows are of the Type II. The circles around the “$1” abut into the frame of the vignette and are incomplete In the Type I design. The circles in the Type II design are complete. There were slightly more than 26,000 Type I and 8,000 Type II issued on unwatermarked paper. The numbers are 192,000 and 63,000 on watermarked paper.
This stamp, like the 50-cent, was used for multiple rate payments, both foreign and domestic.