Think twice before you spend any $1 bill in your wallet, as it could fetch thousands of dollars for you.
Currency collectors nationwide 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 Wealthynickel, two batches of $1 bills printed in 2014 and 2016 contain this particular error from the US Bureau of Engraving and Printing.
‘It’s very rare that the Federal Reserve would mess up an order, and then it reaches circulation,’ Chad Hawk, vice president of PMG, a paper money grading company in Florida told Fox.
Scroll down to see how to identify the rare bucks worth thousands
Currency collectors nationwide 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 Wealthynickel, two batches of $1 bills printed in 2014 and 2016 contain this particular error from the US Bureau of Engraving and Printing
Only nine of these pairs have been matched, leaving millions of rare $1 bills out there
Typically, every bill in circulation needs a unique serial number to identify it, but the US 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 mistake was noticed by the Federal Reserve.
While the first batch was issued in New York and the second was issued 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 pair up their notes in a lot of ways. The last pairing I think I saw sold for about $6,000,’ he added.
Only nine of these pairs have been matched, leaving millions of rare $1 bills out there.
According to Wealthynickel, currency collecting companies are willing to pay between $20,000 and $150,000 for a pair from the two batches.
Here’s what to look for:
- The Series date located near the photograph of George Washington must read ‘Series 2013’
- The bill must have a ‘B’ Federal Reserve Seal above the serial number
- The serial number must end with a star
While the first batch was issued in New York and the second was issued in Washington DC, these bills could now be anywhere in the world
If you’re 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 on social media — and there are actually websites dedicated to this,’ he said.
‘You can find outlets where people are collecting the data, so you can see if notes are out there already.
