1923 1 Dollar Bill Value – The 1923 one dollar silver certificates may be the most common of the large silver certificates, but that doesn’t necessarily make them highly valuable.
They are old and have a historical significance, millions of these bills were printed and many people saved them, so there are still tens of thousands in existence today.
These silver certificates can easily be identified by their blue seal, but if your note has a red seal, it is actually a 1923 one dollar legal tender note.
There are three different signature combinations for the 1923 series, with the most common ones being Speelman and White, followed by Woods and White. The rarest signature combination is Woods and Tate, although it is still fairly common.
This particular bill is sometimes referred to as a “horse blanket” because of its large size. In fact, the term “horse blanket” is used to describe any large bill that is big enough to cover the back of a horse.
The 1923 notes, along with other large currency notes, are about 25% larger than the current US bills in circulation.
In this blog post, we will explore the reasons why the 1923 dollar bill is a collectible you simply can’t ignore, and why its value continues to rise among collectors worldwide.
1923 One Dollar Bill Specifications
The 1923 one dollar bill is a fascinating piece of currency to add to your collection.
With a denomination of $1.00 U.S. Dollar, this bill is classified as a Silver Certificate and falls under the series of 1923. Its note size is larger than the current US bills in circulation, earning it the nickname “horse blanket.”
Featuring a portrait of George Washington, this bill comes with three different signature combinations, including Speelman and White, Woods and White, and the rare Woods and Tate.
With its historical significance and unique characteristics, the 1923 one dollar bill holds a value that collectors simply can’t ignore.
How Much Is a 1923 One Dollar Bill Worth?
If you’re wondering about the value of your 1923 one dollar bill, it will depend on the signature variety and the condition of the bill. Bills signed by either Speelman and White or Woods and White are less valuable.
In very good condition, these bills are worth around $37.50, while in very fine condition, they are valued at around $53.
If the bill is in extremely fine condition, its value is around $73. Uncirculated bills with a grade of MS 63 can sell for approximately $165.
On the other hand, bills signed by Woods and Tate are more valuable. In very good condition, these bills are each worth around $90.
In very fine condition, their value is approximately $250, and in extremely fine condition, they are valued at around $365. Uncirculated bills with a grade of MS 63 can sell for around $625.
Keep in mind that there are other factors that could affect the value of your note. If it has a low serial number or a block serial number, it may be more valuable.
1923 One Dollar Bill Grading System
To grading a 1923 one dollar bill, there are four categories to consider: very good, very fine, extremely fine, and MS 63 choice uncirculated.
A note in very good condition has considerable wear, with one or two tears on the edge and possibly discoloration or a dark appearance.
A very fine note has been in circulation but still retains its crispness, although there may be some creases, folds, or light smudges.
An extremely fine note shows minimal signs of circulation and will be bright and nearly pristine, with only minor creases or folds and no stains or tears.
An MS 63 choice uncirculated note has never been in circulation and still maintains its original crispness.
So, take a closer look at your 1923 one dollar bill and see where it stands in terms of condition and collectibility.
Who was on the one dollar bill in 1923?
In 1923, both the one-dollar United States Note and Silver Certificate underwent a redesign. These notes had a common reverse design and a nearly identical obverse with the same border design and portrait of George Washington.
This means that the same portrait of George Washington is found on both the 1923 one dollar bill silver certificate and the 1923 one dollar bill United States Note.
Are $1 silver certificates worth anything?
Absolutely! The value of a $1 silver certificate depends on the specific type.
For example, a Series 1896 $1 Silver Certificate Educational note in good condition can be worth more than $500, while a $1 Black Eagle Silver Banknote Certificate in similar condition may fetch just above $110.
You never know, you could be holding onto a valuable piece of history.
How to Care for and Store Your One Silver Dollar Bill from 1923
To care for and store your 1923 one dollar bill, there are a few key things to keep in mind.
- Make sure to handle the bill with clean hands to prevent any dirt or oils from damaging the paper.
- Also important to store the bill in a protective holder or sleeve to prevent any tears or creases.
- Avoid exposing the bill to direct sunlight or extreme temperatures, as this can cause fading or deterioration.
- If you’re looking to display your bill, consider using a frame or album specifically designed for currency to keep it safe and preserved.
Taking these steps will ensure that your 1923 one dollar bill remains in excellent condition for years to come.
Conclusion
The 1923 dollar bill may not be the most valuable currency in the world, but it holds a special place in the hearts of collectors.
With its historical significance as the last year of silver certificates and its unique characteristics, such as the large size and iconic portrait of George Washington, this bill is a must-have for any serious collector.
The value of a 1923 one dollar bill depends on the signature variety and condition, it’s worth taking a closer look at your bill to see if it falls into the more valuable category. So hold onto your 1923 one dollar bill and appreciate its beauty and historical significance for years to come.