Today’s task is to check your wallet and find out if the $5 bill you have is one of the most sought after by collectors and is worth thousands of dollars.
Currently, there are 826 million $5 bills in circulation in the United States (US), and the value of some copies will surprise you.
The first thing to check is its serial number, every coin minted in the United States has a unique serial number and therein lies the secret to finding true value for coin collectors.
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High denomination currency notes
According to GOBankingRates, $5 bills with serial numbers like “G88888888A” or “B55555555C” can be worth thousands of dollars because they have a “solid” serial number, meaning all the digits are the same.
According to The Penny Hoarder, only one out of every 11 million $5 bills has identical serial numbers. That’s why some sell for over $2,000.
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If you have a bill with these rare characteristics, it is best to have it appraised by an expert at your local coin shop.
Also, there are other denominations of bills that are worth more to coin collectors, and you’d better pay attention to the details that make that difference in cost.
Where to sell tickets
- Special Auction Houses: Companies like Sotheby’s, Christie’s and Heritage Auctions auction banknotes and other collectibles.
- Online Sites: It is best to search for buying and selling websites like Ebay and ma-shops. It is a good idea to consult several experts to verify that the price is right.
- Numismatic Houses: The National Numismatic Society (ANA p) has clubs in many American cities that assist in the appraisal of coins or bills to determine whether or not they are worth money.
- Special Institutions Like “NGC: Coin Grading” and PCGS.
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