
If you're looking to sell or trade your antique US currency, it's essential to know its value. Some notes from the late 1800s and early 1900s can be worth thousands of dollars, with the 1890 Grand Watermelon note selling for over $40,000.
The 1934 $100,000 Gold Certificate, also known as the "Grand Watermelon" note, features a unique design and is highly sought after by collectors. It's one of the rarest and most valuable notes in existence.
In some cases, the condition of the note can greatly impact its value. For example, a 1913 Liberty Head nickel can be worth up to $4 million if it's in good condition.
What Makes Currency Valuable
The value of antique US currency is a fascinating topic. Several factors determine the value of paper currency, including condition, rarity, and demand.
Condition plays a crucial role in determining the value of collectible paper currency. A Choice Uncirculated 63 example of a rare note can fetch a substantial amount at auction.
The value of a note can vary greatly depending on its condition. For example, a note graded as Extremely Fine 45 by PCGS Currency can sell for $253,000.
A Choice Uncirculated 63 example even set a record by selling for $372,000 in 2020.
Here are some notable sales of Extremely Fine 45 notes:
The value of a note can also be influenced by its rarity and demand among collectors. Some notes, like the 1891 Red Seal $1,000 Treasury Note, can fetch a wide range of prices depending on condition and provenance.
The value of a silver certificate is contingent on the condition and year issued. Although it is no longer possible to redeem a silver dollar certificate for silver, certificates are still technically legal tender.
A silver certificate with a star in the serial number or error on the face of the bill is worth more than a silver certificate of the same year, grade, and denomination without these features.
The value of a silver certificate also depends on its grade, with notes graded as Gem 65 commanding higher prices than those graded as Very Fine 20.
Collecting and Valuing
Collecting and valuing antique US currency can be a fascinating hobby, and understanding the factors that determine its value is essential. The rarity and historical context of a note are highly influential in determining its worth.
Collector interest in rare notes is high, and the combination of rarity, unique design, and historical importance makes them highly sought-after. The 1928 $50 Gold Certificate is a prime example of how these elements contribute to a note's value.
Condition plays a crucial role in determining the value of rare paper currency. A note graded as Extremely Fine 45 by PCGS Currency can fetch substantial amounts at auctions. For instance, a Choice Uncirculated 63 example sold for $372,000 in 2020.
The value of a note can vary greatly depending on its condition and provenance. The 1891 Red Seal $1,000 Treasury Note, for example, can be worth anywhere from $2,255,000 to $3,290,000.
Some notes, like the silver certificate dollar bill, have a unique history and are worth more than their face value as collectors seek them out. The value of a silver certificate is contingent on its condition and year issued.
The grading of a silver certificate is a significant determinant of its value. A numerical grade on the Sheldon scale can range from 1 to 70, with 70 representing a certificate in perfect mint condition. A silver certificate with a star in the serial number or an error on the face of the bill is worth more than one without these features.
The most common silver certificates were issued between 1935 and 1957, and their design is nearly identical to a standard US dollar bill. These certificates fetch slightly more than face value, with uncirculated notes selling for $2 to $4.
Here are some examples of valuable silver certificates:
These are just a few examples of the many factors that determine the value of antique US currency. By understanding these factors, collectors can make informed decisions about their collections and potentially uncover hidden treasures.
USA Currency
Certain series and editions of US currency, like the 1928 series, can gain higher value due to age and rarity. These specific editions capture moments in history and their attributes can dramatically increase value.
Higher denomination notes, such as the $500 and $1,000 Federal Reserve Notes, are generally more valuable among collectors. Denomination contributes to scarcity, thereby impacting the note's value.
The value of a silver certificate is not directly correlated to its size or denomination. Instead, its value is contingent on the condition and year issued.
1928 USA $50 Gold
The 1928 USA $50 Gold Certificate is a highly valuable piece of US paper currency. This rarity is due to the scarcity of notes surviving President Franklin D. Roosevelt's Gold Reserve Act of 1933.
These certificates are among the rarest notes, with few surviving the destruction of most Gold Certificates. They represent a unique period in US monetary history, issued before the 1933 Gold Reserve Act.
The 1928 series gains higher value due to age and rarity, making these certificates highly prized among collectors. Specific editions capture moments in history, and their attributes can dramatically increase value.
New series are created when there is a new design approved by the Secretary of the Treasury or a new Secretary of the Treasury is appointed. Paper bills are great historical marker documents.
Here's a list of series years, represented by letters A-P, and their corresponding years:
- A: 1996
- B: 1999
- C: 2001
- D: 2003
- E: 2004
- F: 2003A
- G: 2004A
- H: 2006
- I: 2006
- J: 2009
- K: 2006A
- L: 2009A
- M: 2013
- N: 2017
- P: 2017A
- Q: 2021
Denomination
Higher denomination notes are generally more valuable, especially issues like the $500 and $1,000 Federal Reserve Notes, which are prized among collectors.
Denomination contributes to scarcity, thereby impacting the note's value.
The value of large-sized silver certificates issued through 1923 ranged between $1 and $1,000, but it's worth noting that the value of a silver certificate is not directly correlated to its size or denomination.
A $1 Silver Certificate can be worth a significant amount, such as $500 for a Series 1896 $1 Silver Certificate Educational note in very fine condition.
The value of a $1 Silver Certificate can vary greatly, like the $1 Black Eagle Silver Banknote Certificate, which can fetch around $175 in the same condition.
USA 1882 $100 Gold Coin
The USA 1882 $100 Gold Coin is a rare and valuable piece of US currency. It's a prime example of how condition, series, and denomination affect the value of rare paper currency.
This coin was first issued in the 1882 series, which introduced Gold Certificates into circulation. The series included denominations ranging from $20 to $10,000.
Collectors seek these notes due to their limited availability and historical value. The rarity of the $100 denomination from this series makes it particularly desirable.
The value of the 1882 $100 Gold Certificate fluctuates based on the note's condition and scarcity. A PCGS Very Fine 35 $1000 1882 Gold Certificate is known to be quite valuable.
A $20 Gold Certificate from 1882 might be worth between $475 and $900,000. This highlights the significant impact of condition and denomination on the value of rare paper currency.
USA $100 Note
The USA $100 Note is a highly sought-after item among collectors of rare paper currency. Its extreme rarity and unique design make it a highly prized possession.
Only 35 examples of the 1890 $100 Treasury Note are known to exist, making it one of the rarest pieces of US paper currency. This scarcity has led to fierce competition among collectors to add it to their collections.
The note's distinctive round, plump zeroes on the back resemble watermelons, hence the nickname "Watermelon Note." This unusual design feature has contributed significantly to its allure and desirability.
USA 1891 $1,000 Red Seal Note
The USA 1891 $1,000 Red Seal Note is one of the most valuable pieces of US paper currency.
Only seven examples of this note exist, making it extremely rare and highly coveted among collectors of rare paper currency.
Its rarity and historical significance contribute to its high value, with a value range of $2,255,000 to $3,290,000, depending on condition and provenance.
This note features General George Meade's portrait on the obverse and an ornate, simplified reverse design compared to the 1890 series, intended to make counterfeiting more difficult.
Collectors of US paper currency are drawn to this note for its rarity and historical depth, making it a prime example of how condition, series, and denomination affect the value of rare paper currency.
Its rarity is a result of the limited number of prints made, which is a common factor in determining the value of rare paper currency.
Higher denomination notes, like this one, are generally more valuable due to their scarcity, and this note is no exception.
The actual value of this note is in its collectability, as collectors are willing to pay greater-than-face value for its rarity and historical significance.
USA 1890 Watermelon Note
The USA 1890 Watermelon Note is a highly sought-after item among collectors of rare paper currency. Only 35 examples of this note are known to exist.
Its extreme rarity makes it highly coveted in the collector community. The note's design sets it apart with its distinctive round, plump zeroes on the back, which resemble watermelons, hence the nickname "Watermelon Note."
This unusual design feature has contributed significantly to its allure and desirability. The value of the Watermelon Note lies in its rarity and unique design, making it a valuable addition to any collection.
Collectors often compete fiercely to add this note to their collections. The note's scarcity and distinctive design make it a prized possession among collectors of rare paper currency.
Dollar Bill Value Today
The value of a dollar bill can vary greatly depending on its type and condition.
A standard silver certificate dollar bill, issued between 1935 and 1957, can fetch slightly more than its face value, around $2 to $4 for uncirculated notes.
The 1896 Silver Certificate Educational note is a rare and valuable find, with prices ranging from $500 for a "very fine condition 20" to over $4,000 for a "Gem 65".
The 1899 Black Eagle $1 Silver Banknote Certificate is another popular collector's item, with prices starting at around $110 for a "very good condition 8" and going up to $1,300 for a "gem uncirculated 65".
If you have a 1928 Silver Certificate with a star symbol in the serial number, you might be looking at a significant profit, with prices ranging from $12,500 to $17,000 for "extremely fine condition 40".
Some dollar bills, like the 1934 silver certificate with a blue "one" printed on its face, are considered common and can be worth around $30 for a "very fine condition 20".
Star Notes
Star Notes are a rare find in circulation, often seen on eBay for $2.99 and up, particularly for $1 star notes.
These notes are replacements issued when the original bill had a printing error, which isn't common, so there aren't many in circulation.
The mint adds a star to the end of the serial number instead of repeating a dollar's serial number, which is against policy.
Star notes from 1957 are common, and some collectors won't buy them, but unique and interesting serial numbers, like a serial number with each digit as the numeral two, hold more value to investors.
In fact, a serial number with each digit as the numeral two is worth more than a random combination of numbers.
Valuation and Grading
The value of antique US currency is largely determined by its condition, with uncirculated notes fetching higher prices than circulated ones.
A note's grade is a crucial factor in its value, with examples graded as Extremely Fine 45 by PCGS Currency fetching substantial amounts at auctions.
Condition plays a significant role in determining the value of rare paper currency, with a Choice Uncirculated 63 example setting a record by selling for $372,000 in 2020.
A table of notable sales can help illustrate the impact of condition on value:
Provenance and grading can also enhance a note's desirability and market value, as seen with the Grand Watermelon Note, which has been part of impressive collections.
The Sheldon numerical scale, ranging from one to 70, is used to grade the condition of silver certificates, with 70 representing a certificate in perfect mint condition.
Auction and Market
The auction and market for antique US currency can be a thrilling and lucrative experience. One example of this is the 1891 Red Seal $1,000 Treasury Note, which set a world record price for paper currency, selling for $3,290,000 at auction in 2014.
A similar note sold for $2,585,000 in 2013, setting a record at the time.
Rare and Valuable
Rare paper currency holds substantial value due to its scarcity. Limited edition or hard-to-find notes, like the 1934 series, are more valuable due to their rarity.
The value of paper currency is contingent on its condition. A note graded as Extremely Fine 45 by PCGS Currency can fetch substantial amounts at auctions.
A Choice Uncirculated 63 example of the 1934 series set a record by selling for $372,000 in 2020, underscoring the importance of condition when appraising collectible paper currency.
Here are some notable sales of Extremely Fine 45 notes:
The value of the 1891 Red Seal $1,000 Treasury Note can vary from $2,255,000 to $3,290,000, depending on condition and provenance. This wide range reflects its desirability and significance in the realm of US paper currency collection.
The USA 1890 Grand Watermelon $1,000 Treasury Note is the pinnacle of rare US paper currency. Only 16,000 of these notes were printed, with two known examples available to collectors today.
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s.
Sources
- https://altierrarecoins.com/blog/discover-the-most-valuable-paper-currency/
- https://www.investopedia.com/articles/markets-economy/090116/what-silver-certificate-dollar-bill-worth-today.asp
- https://www.thepennyhoarder.com/make-money/paper-money-value-serial-numbers/
- https://americanrarities.com/common-rare-coin-price-guide-paper-money-price-guide/
- https://www.ranker.com/list/rare-us-currency-worth-money/zach-seemayer
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