1969 Series 100 Dollar Bill Value
Baldovino Caya
The 1969 one dollar bill is not a rare or valuable bill. Therefore most of these bills will not be worth much more than face value. However there are star note varieties which are more valuable than the standard notes. Continue reading to learn more about these bills.
Most of these bills in circulated condition will only be worth their face value of $1. The standard bills that are in uncirculated condition can sell for a premium. Star notes will also sell for a premium.
Star notes are replacement bills that the United States Federal Reserve printed. These star notes are more rare and thus more valuable. You can tell if you have a star note by looking to see if there is a star symbol at the end of the serial number. Star notes issued from the Federal Reserve Bank of Minneapolis will be worth more money.
Most 1969 series $1 star notes are worth around $4-5 in very fine condition. In uncirculated condition the price is around $8.50 for notes with an MS 63 grade. Star notes issued from the Federal Reserve Bank of St. Louis will sell for a higher premium.
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A dollar bill is composed of 25% linen and 75% cotton. That blend makes the notes more difficult to counterfeit compared to paper (as well as increasing its durability).[4] As of December 2018, the average life of a dollar bill in circulation is 6.6 years before it is replaced due to wear.[5] Approximately 42% of all U.S. currency produced in 2009 were one-dollar bills.[6] As of December 31, 2019[update], there were 12.7 billion one-dollar bills in circulation worldwide.[7]
In 1928, all currency was changed to the size which is familiar today. The first one-dollar bills were issued as silver certificates under Series of 1928. The Treasury seal and serial numbers were dark blue. The obverse was nearly identical to the Series of 1923 $1 silver certificate, but the Treasury seal featured spikes around it and a large gray ONE replaced the blue "1 DOLLAR." The reverse, too, had the same border design as the Series of 1923 $1 bill, but the center featured a large ornate ONE superimposed by ONE DOLLAR. These are commonly known as "Funnybacks" due to the rather odd-looking "ONE" on the reverse. These $1 silver certificates were issued until 1934.
In 1933, Series of 1928 $1 United States Notes were issued to supplement the supply of $1 Silver Certificates. Its Treasury seal and serial numbers were red and there was different wording on the obverse of the note. However, a month after their production, it was realized that there would be no real need for these notes and production was stopped. A small number of these $1 bills entered circulation and the rest were kept in Treasury vaults until 1949 when they were issued in Puerto Rico.[20]
In 1934, the design of the $1 silver certificate was changed. This occurred with that year's passage of the Silver Purchase Act, which led to a large increase in dollar bills backed by that metal.[21] Under Washington's portrait, ONE SILVER DOLLAR was changed to ONE DOLLAR. The Treasury seal was moved to the right and superimposed over ONE, and a blue numeral 1 was added to the left. The reverse remained the same.
A year later, in 1935, the design of the one-dollar bill was changed again. On the obverse, the blue numeral 1 was changed to gray and made smaller, the gray ONE to the right was removed, the Treasury seal was made smaller and superimposed by WASHINGTON D.C., and a stylized ONE DOLLAR was added over the treasury seal. The reverse was also changed to its current design, except for the absence of IN GOD WE TRUST.
World War II brought about special issues of one-dollar bills in 1942.Special $1 Silver Certificates were issued for Hawaii in case of a Japanese invasion. HAWAII was printed vertically on the left and right side of the obverse and also horizontally across the reverse. The seal and serial numbers were changed to brown. Special Silver Certificates were also issued as payment for Allied troops in North Africa about to begin their assault into Europe, being distinguishable from regular Silver Certificates by their yellow seals; unlike the Hawaii overprint series, the remainder of the design was left unchanged. Both of these types of notes could be declared worthless if they fell into enemy hands.
The next change came in 1957 when the $1 bill became the first piece of paper U.S. currency to bear the motto IN GOD WE TRUST. The inclusion of the motto, "In God We Trust", on all currency was required by law in 1955,[22] It was added over the word ONE on the reverse. Thus all series 1957 and later notes include the motto. Initially the BEP began printing the motto on notes printed with the new 32 note press, but soon Series of 1935G bills printed on an 18 note press featured the motto too. Later the 1935H series was printed only with the motto. The reason these 1935 series notes were produced into the 1960s was that older printing plates were used as long as possible. There is no particular difference in value if a bill does or does not have the motto.[23]
The final production of $1 Silver Certificates occurred in late 1963. In 1964, the redemption of Silver Certificates for silver coin ended and in 1968 the redemption of Silver Certificates for silver bullion ended.
Production of one-dollar Federal Reserve Notes was undertaken in late 1963 to replace the soon-to-be obsolete $1 Silver Certificate. The design on the reverse remained the same, but the border design on the obverse underwent considerable modification, as the mostly abstract filigrees were replaced with designs that were mostly botanical in nature. In addition, the word "one", which appeared eight times around the border in small type, was eliminated. The serial numbers and treasury seal were printed in green ink. This was the first time the one-dollar bill was printed as a Federal Reserve Note.
Since 1933, the one-dollar bill has been the exclusive experimental denomination among circulating US currency (except for the Natick experiment in 1981, see below). The first experiment was conducted in January and February of that year to assess the effects of using different ratios of cotton to linen in the make-up of the bills. Series 1928A and 1928B $1 silver certificates with serial number block letters X-B and Y-B were used as the experimental group; the Z-B block was used as the control group. The results of the experiment were inconclusive.
A better known test was done in 1942 during World War II to test alternative types of paper. This was a precautionary measure in case the current type of paper supply could not be maintained. Series 1935A notes made of the special paper and were printed with a red "S" to the right of the treasury seal, while notes of the control group were printed with a red R. Because they have some collector value, fake red S's and R's have been applied to regular Series 1935A notes to try to pass them at a higher value; checking a note's serial numbers can prevent this. Serial numbers of the R group range from S70884001C to S72068000C and serial numbers of the S group range from S73884001C to S75068000C.
Sometime in the early to mid-1960s, the BEP experimented with a new firm, the Gilbert Paper Company, to see if they could duplicate the usual paper production.[26] The BEP selected a series of notes printed by the Philadelphia FRB as the test subjects. Serial numbers for this group range from C60800001A to C61440000A.
In August 1981, a similar experiment occurred during production of Series 1977A, when the BEP printed a few print runs on Natick paper. They included a regular run and a star note run from the Richmond FRB, with serial numbers ranging from E76800001H through E80640000H and E07052001* through E07680000* (many sources incorrectly identify the star range as Philadelphia instead of Richmond). One print run of $10 star notes, also from Richmond, was included in this paper test, making it so far the only experimental printing not exclusive to the $1.
One-dollar bills were again the subject of experimentation in May 1992, when the BEP began to test a web-fed Intaglio printing press. Because of a need for greater quantities of $1 FRNs, the BEP sent out REQUEST FOR PROPOSALS (RFP) (year 1985) NO. BEP-85-73 to procure a web-fed intaglio printing press to dramatically increase the production of currency notes within the confines of their current (1985) 14th & C street facility. Instead of printing one side of a square sheet of 32 notes at a time, the web-fed press used 96 engraved images or plate-cylinder to print the back of the note, then another 96 image engraved plate-cylinder to print the front of the note. Both sides of notes were printed from a continuous roll of paper. The Alexander-Hamilton intaglio Web press printed both sides of intaglio at the same time. The web-press was designed as a full-blown production press as opposed to an experimental press. The notes were issued in Series 1988A, 1993, and 1995. Because of mechanical problems and operator error, as well as the sometimes poor quality of the notes, production was ended in July 1996. Web notes can be identified by the back plate number next to IN GOD WE TRUST and the removal of face check letters and quadrant numbers.[27]
The portrait of George Washington is displayed in the center of the obverse of the one-dollar bill, as it has been since the 1869 design. The oval containing George Washington is propped up by bunches of bay laurel leaves.[citation needed]
To the right of George Washington is the Treasury Department seal.The scales represent justice. The chevron with thirteen stars represents the original thirteen colonies. The key below the chevron represents authority and trust; 1789 is the year that the Department of the Treasury was established. The series 1969 dollar bills were the first to use a simplified Treasury seal, with the wording in English instead of Latin.