The estimated lifespan of a $5 bill is a little over five and a half years, according to the Federal Reserve. Circulated paper money gets worn with use, and the condition deteriorates until it is pulled and replaced.
Bills that maintain their condition and survive the wear of time often increase in value, with some worth well more than the face value. It's easy to assume that $5 bills from before Lincoln was put on them would be of high value to collectors, but those aren't the only five bucks with a shockingly high price tag these days.
A lucky five-spot could be just the trick to get ahead financially. Learn how to identify collectible $5 bills, and which ones are worth the most.
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1861 $5 Demand Notes
Estimated market value: up to $3,000
Demand Notes were the first issue of paper money used by the U.S., and were brought into circulation to pay expenses incurred by the Civil War. The $5 note was produced by the American Bank Note Company using a steel plate process and featured Alexander Hamilton.
The reverse used a distinctive green ink that fostered the nickname "greenbacks" as a moniker for American money. GoBankingRates says one of these $5 Demand Notes sold for $38,400, but they routinely sell for $2,000 to $3,000 on eBay based on condition grade.
1914 $5 Large-Size Federal Reserve Note
Estimated market value: up to $2,000
Lincoln's portrait first appeared on the fiver in 1914, on oversized bills affectionately referred to as "horseblankets" due to their size. The reverse displayed images of Columbus surveying America on the left and the Pilgrims arriving on the right-hand side.
Typically, these bills are worth about $75 in very good condition if they feature the more common blue seal; however, they were initially released with a red seal, and that can significantly increase the value.
Bills issued from Richmond and San Francisco can also be worth more if they feature signatures from White and Mellon, Burke and Glass, or Burke and Houston. In extremely fine condition, the value can be up to $2,000.
1934 $5 Silver Certificate and Federal Reserve Notes
Estimated market value: up to $6,000
The first $5 silver certificates were issued in 1934, and the standard blue seal and numeral five are the most common. They still fetch about three times the face value, but some rarities can bump the collector's value higher.
"Star notes" have a star before the serial number and indicate the bill was an overprint produced to replace misprinted or damaged currency. In very fine condition, that little star can bring in about $55 on the collector's market, although some are worth more, especially in uncirculated condition.
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1934A North Africa Notes
Estimated market value: up to $300
During WWII, the U.S. government paid soldiers in cash, but that sparked concern that enemy forces could take over the money supply. The solution was to issue unique bill notes with a yellow seal that could be easily identified and disregarded in the event of misappropriation.
These yellow North Africa variants also included "star notes," which can add about $100 of value to bills in very fine condition.
1934 A Hawaii $5 Dollar Bill (Brown Seal)
Estimated market value: up to $6000
Similar to the North Africa notes, the Hawaii banknotes were printed during WWII to prevent enemy forces from being able to influence the money supply. These bills featured a brown seal next to Lincoln's portrait on the obverse, and a large "HAWAII" overprint across the center of the reverse side.
Ordinary examples are rare but still fetch about $50. Excellent condition can bump that up to $250, and "star notes" can fetch about $2,000 to $6,000 on the collector's market.
Solid serial numbers
Estimated market value: up to $2,000
Surprisingly, rare serial numbers on bills can be worth more than discontinued paper currency. Solid serial numbers, in which all the digits are identical, can sell for thousands of dollars to collectors. Only one in 11 million bills has a solid serial, so even modern $5 bills with this numerical quirk fetch high prices.
Low serial numbers
Estimated market value: varies
Low serial numbers are valued by collectors, and the lower the number, the more valuable the bill. Currency with a serial number of 00000001 could be worth up to $15,000 to the right collector.
Ladder serial numbers
Estimated market value: up to $10,000
A "ladder" serial number features numbers in ascending or descending order, such as 12345678 or 87654321. These sequential serial numbers increase the value of even modern currency, and out-of-print currency notes are considered more desirable if the serial number has interesting numerical patterns.
Bottom line
Some money can be worth more than the face value of the currency, but there's no guarantee that rare $5 bills will be bought by a collector.
Ultimately, a collector's item is worth what people will pay for it, and it could take months or even years before a rare currency note is purchased. Out-of-print bills are easy for appraisers to estimate, but serial numbers are a more subjective value.
Some websites offer evaluations of currency note serial numbers, so you can check if the cash in your wallet can earn extra money on top of the print value.
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