The one dollar in your pocket might be worth more than you think. The secret is to check the bill's eight-digit serial number and whether it seems "fancy" or would be of interest to collectors.
A Lesson on Money
Money makes the world go round. An old joke once narrated the story of a dying man and his wife. For his last wish, he told his wife to bury all his money with him in the grave. Knowing that his wife was honorable and would not lie to him, he was confident that she was going to do it.
On the day of the funeral, the honorable wife placed a box in the man's casket which contained his money. In disbelief of what she did, her friend questioned if she had actually placed all of the money inside the box.
"‘I sure did,’ said the wife. ‘I got it all together, put it into my account and I wrote him a check."
Money comes in different forms: cash, checks, and now, even cards. While the old man expected to be buried with his cash money, his wife outsmarted him and wrote him a check.
From a collector's point of view, the wife's decision to keep the money for herself was a smart one, as the cash she is holding might actually hold a bigger value than what she sees.
How can a bill cost more than its face value?
If a bill's serial number's digits are unique or make an interesting combination, collectors might be willing to pay a huge amount of money for it. You'll make the most profit off a $1 bill with a fancy serial number since its face value is lower than any other bill, but it's still worth checking out all of your cash for.
There are $1 bills currently in circulation that may be worth hundreds of dollars, and potentially even thousands of dollars. According to The Penny Hoarder, the website "CoolSerialNumbers.com" has created a list of the most-wanted $1 bills and it's a pretty long list.
The US-based site lists all the different combinations on each US dollar note that collectors are looking for, and this website allows serial number fans to get in touch with one another and discuss their interests. The site currently has more than 90 different combinations of serial numbers listed, and what is noticeable is that they usually look for an unusual number pattern or specific sequencing of numbers.
Celebritist has compiled a list of pointers for you to easily check whether your bill might be more than its face value.
Rules in checking out a unique Dollar bill
Seven repeating numbers in a row: If you see a combination of a number and the same number consecutively like 17777777, or 65555555, then you may have something of value.
Seven numbers of the same kind (in no particular order): numbers like 33363333 are considered special. Even numbers that are not consecutively placed but appear seven times in a bill are considered rare.
Numbers that super repeat: like 898989898 (or other variations of repeating values) stand out to collectors for sure.
Radar Numbers: a radar number it’s the numerical version of a palindrome (words that read the same forwards and backward: like the word radar itself). The number 02233220 is a radar number because no matter which way you read it, it’s the same.
Super Radar Numbers: a super radar number is a radar number with all the same interior six digits. Numbers like 10000001 and 011111110 are examples of radar numbers and sought after serial numbers of $1 bills.
Ladder Numbers: Think of ladder numbers like a sequential pattern. Every number is either one lower or one higher than the previous digit. So, something like 12345678 or 987654321 would be examples of ladder numbers.
Double Quad Numbers: this consist of four repeating numbers followed by another set of four repeating numbers. For example, 44440000 or 11110000.
There you have it, folks. Be sure to keep this article on your bookmarked page to look back on every time you are handed a new $1 dollar bill. If you spot unique patterns in its serial numbers, go ahead and get in touch with a collector so you can get paid more than the bill you currently have.