An incredible record $5,750 for this 1-dollar bill, why is it so valuable?

By: Eliot Pierce

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Collectors are willing to pay far more than face value for some coins and banknotes for a variety of reasons.

Three variables affect a coin or bill’s value: rarity, condition/grade, and market conditions or demand, according to the US First Exchange currency website. How much money a coin or bill is worth depends on the sum of these three factors.

A rare silver dollar coin from 1794, thought to be among the first struck by the US Mint, is an example of a coin whose historical significance can propel its value into the millions. One specimen sold for $10 million.

Despite not having a record-breaking value, the 1935A Hawaii $1 Silver Certificate is nonetheless one of the most unique and important notes in US paper money history.

After the Pearl Harbor assault, it was issued especially for Hawaii in case the Japanese invaded and took control of the island chain. Its prominence as a highly sought-after collectible has been influenced by this as well as its relative scarcity.

How to recognize a 1935A Hawaii $1 Silver Certificate

In addition to its historical significance (other special one-dollar bills were issued during World War II), the 1935A Hawaii $1 Silver Certificate is special because it features a large HAWAII overprinted horizontally on the reverse and smaller ones vertically on the right and left sides of the obverse.

Additionally, it differed from the typical US $1 Silver Certificate in that the seal and serial numbers were printed in brown/red ink instead of blue.

The 1935A Hawaii $1 Silver Certificate is currently extremely rare, even though more than a million were created during World War II. Much of it was recalled, taken out of circulation, and eventually destroyed after the war.

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The value of 1935A Hawaii $1 Silver Certificates ranges from a few tens to several hundred dollars. They can sell for much more, though, if they are in really good shape or have a special quality.

This example, which includes a mistake in the Hawaiian overprint, is being sold for $5,750 by one vendor. Instead of running parallel to the top and bottom sides, the middle of the bill is slanted.

Additionally, the Hawaiian Islands Stamp & Coin banknote is classified as Gem New 65PPQ by the Professional Coin Grading Service (PCGS).

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