- Currency collectors across the country are on the hunt for some rare dollar bills
- Two batches of $1 bills printed in 2014 and 2016 have a printing error
- Six million pairs of $1 bills were circulated, but only nine pairs were found
Think twice before spending any $1 bill in your wallet, as it could net you thousands of dollars.
Currency collectors across the country are on the hunt for some rare dollar bills, willing to pay up to $150,000 for those with a specific printing error.
According to the personal finance blog. nickel richTwo batches of $1 bills printed in 2014 and 2016 contain this particular error from the U.S. Bureau of Engraving and Printing.
“It’s very rare for the Fed to screw up an order and then it gets into circulation,” said Chad Hawk, vice president of PMG, a paper currency grading company in Florida. Fox.
Scroll down to see how to identify rare dollars worth thousands
Currency collectors across the country are on the hunt for some rare dollar bills and are willing to pay up to $150,000 for those with a specific printing error.
According to the personal finance blog Wealthynickel, two batches of $1 bills printed in 2014 and 2016 contain this particular error from the U.S. Bureau of Engraving and Printing.
Only nine of these pairs have been matched, leaving millions of rare $1 bills lying around.
Normally, each bill in circulation needs a unique serial number to identify it, but the U.S. Bureau of Engraving and Printing had a miscommunication with federal banks.
This resulted in 6.4 million pairs of $1 bills with matching serial numbers being circulated before the Federal Reserve realized the mistake.
While the first batch was issued in New York and the second in Washington, DC, these bills could now be anywhere in the world.
‘In the last two or three years, people started to discover the error. The community, through social media, has been able to connect,” Hawk said.
‘And people have been able to match their notes in many ways. The last couple I saw sold for about $6,000,” she added.
Only nine of these pairs have been matched, leaving millions of rare $1 bills lying around.
According to Wealthynickel, currency collecting companies are willing to pay between $20,000 and $150,000 for a pair of the two lots.
Here’s what to look for:
- The Series date located near the George Washington photograph should read ‘Series 2013’.
- The bill must have a ‘B’ Federal Reserve stamp above the serial number.
- The serial number must end with a star.
While the first batch was issued in New York and the second in Washington DC, these bills could now be anywhere in the world.
If you are lucky enough to have one of these $1 bills, the next step is to find the other bill with a matching serial number.
According to Hawk, the best approach is to use social media.
“The best thing to do is look online, go to social media, and there are actually websites dedicated to this,” he said.
‘You can find media where people are collecting data, so you can see if there are already notes available.
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