The True Worth of a 1934 $10 Bill: Unveiling its Value
The True Worth of a 1934 $10 Bill: Unveiling its Value
When it comes to how much is a 1934 10 dollar bill worth, there's no one-size-fits-all answer. Numerous factors influence its value, including its condition, rarity, and historical significance.
The 1934 $10 bill was the first bill issued with the motto "In God We Trust." This unique feature has made it a sought-after collectible among numismatists. According to the Professional Coin Grading Service (PCGS), the average price of a circulated 1934 $10 bill is around $15. However, uncirculated bills can fetch much higher prices, with some selling for over $100,000 at auctions.
Condition Matters
The condition of a 1934 $10 bill significantly affects its value. Bills that are in uncirculated condition, meaning they show no signs of wear or tear, are worth more than circulated bills. The PCGS uses a condition grading scale from 1 to 70, with 70 being the highest grade a coin or bill can receive.
| Condition | Value Range |
|---|---|
| Poor (1-2) | $10 - $20 |
| Fair (3-4) | $15 - $25 |
| Good (5-8) | $20 - $30 |
| Very Good (9-12) | $25 - $35 |
| Fine (13-15) | $30 - $40 |
| Very Fine (16-20) | $35 - $45 |
| Extremely Fine (21-25) | $40 - $50 |
| Uncirculated (60-70) | $50+ |
Rarity Counts
The rarity of a 1934 $10 bill also influences its value. The 1934 $10 bill with a serial number starting with a star (*) is considered rare. These bills were printed as replacements for bills that were damaged or destroyed during production. According to the Numismatic Guaranty Corporation (NGC), the average price of a 1934 $10 bill with a star serial number is around $1,000.
| Serial Number | Value Range |
|---|---|
| Star (*) | $1,000+ |
| No Star | $15 - $100,000 |
Historical Significance
The historical significance of a 1934 $10 bill can also affect its value. Bills that have been associated with historical events or figures are often worth more. For example, a 1934 $10 bill that was once owned by President Franklin D. Roosevelt could fetch a higher price at auction than a bill that was not associated with any historical figure.
Success Stories
- A 1934 $10 bill with a star serial number sold for over $1,200 at a recent auction.
- A 1934 $10 bill in uncirculated condition sold for over $100,000 at a private sale.
- A 1934 $10 bill that was once owned by President Franklin D. Roosevelt sold for over $200,000 at an auction.
Conclusion
The value of a 1934 10 dollar bill can vary greatly depending on its condition, rarity, and historical significance. By understanding these factors, you can better assess the worth of your 1934 $10 bill and make informed decisions about selling or collecting it.
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