James Monroe is the only President who ran unopposed. He’s best remembered for his Monroe Doctrine of 1823, which stated, “The American continents…are not to be considered…for future colonization by any European powers.” This bold statement has become a cornerstone of American foreign policy. The Prexies Known affectionately as the “Prexies,” the 1938 Presidential series is a favorite among stamp collectors. The 1938 Presidential Series was printed on rotary press and perforated 11 x 10.5. In 1939, the 1¢ to 10¢ denominations were issued as coil stamps with 10 gauge perforations vertically. The 1¢ to 3¢ denominations were also issued with horizontal perforations. The series was issued in response to public clamoring for a new Regular Issue series. The series that was current at the time had been in use for more than a decade. President Franklin D. Roosevelt agreed, and a contest was staged. The public was asked to submit original designs for a new series picturing all deceased U.S. Presidents. Over 1,100 sketches were submitted, many from veteran stamp collectors. Elaine Rawlinson, who had little knowledge of stamps, won the contest and collected the $500 prize. Rawlinson was the first stamp designer since the Bureau of Engraving and Printing began producing U.S. stamps who was not a government employee.