Expert: PAPAJACK - 2/9/2009

Question
I have a SERIES 1935 D one dollar bill in fair condition. Could it be worth more than face value?

Answer
Hello Megan,               

I do know an older piece of currency in collectable condition is worth more than face value to a collector. But to arrive at an actual value for your holdings you need to grade them prior to using a price guide.

Only after the grade is determined can you use a price guide, or can something like this be properly appraised.

A one dollar note if it is a silver certificate from the 1935 D series in circulated condition sells only from 2 to 5 dollars in value. More if it is from Hawaii.

The main Grades are FINE, EXTRA FINE and CRISP UNCIRCULATED.

In general for old notes:
If it is heavily circulated or part is missing I may save it as a novelty or get it to a young collector for their starting collection. There were too many printed and surviving to be in a professionals collection in less than crisp Un-circulated condition.

Again your note retails from $2 to $3 more than face value if it has been worn from circulation. Some have the Motto IN GOD WE TRUST and some do not.

Thank You and Good Luck

PapaJack