Introduced in 1997, the Loony Tunes series showcases some of the most loved cartoon characters of all time.
The Bugs Bunny sheet was produced with ten perforated stamps in a quantity of 37,800,000 sheets (US #3137). 118,000 sheets were also produced with nine perforate stamps and the 10th stamp imperforate (US #3138). The imperforate version is a modern rarity. The remaining sheet in the series were also produced in both the fully-perforated format and with the 10th stamp imperforate. However, the production quantity for the imperforate version was much higher than with the Bugs Bunny sheet.