First issued February 12, 1912, the 1-dollar Franklin stamp can be found in four combinations of watermark and perforation guage, appearing in this order: double line watermark, perforated 12; double line watermark, perforated 10; without watermark, perforated 10; and without watermark, perforated 11. The last of the combinations—without watermark, perforated 11—is by far the most plentiful. There was substantial demand for the 1-dollar stamps, especially during and after the Great War. Many of the stamps were used to pay postage on heavy parcels and also to pay indemnity on valuable registered mail. A total of 21,954,774 of the stamps were issued through fiscal year 1924.