Some old $5 bills tucked in wallets, drawers, or family keepsakes could be worth a fortune. The 1953 Red Seal $5 bill, especially those with low serial numbers, is catching collectors’ eyes, with some selling for over $100,000. These notes are still out there, and you might have one without knowing it. Here’s how to spot these valuable bills and what to do if you find one.
Why Are These Bills Special?
The 1953 Red Seal $5 bills stand out because of their bright red ink, used before the U.S. switched to green seals. These were United States Notes, not Federal Reserve Notes, so fewer were printed. While many were made, only a small number are still in great shape today. The real prize? Bills with low serial numbers, like those under 100, which collectors pay big money for if they’re in perfect condition.
What Makes a Bill Valuable?
The value comes down to the serial number and condition. Low serial numbers, especially single or double digits (like 00000007), are the most sought-after. The bill needs to be uncirculated—crisp, with no folds, tears, or stains. Regular 1953 Red Seal $5 bills in used condition might only be worth $10 to $20, but pristine ones with low numbers can fetch $120,000 or more at auctions.
| Feature | What to Look For |
|---|---|
| Red Seal | Bright red seal on right side |
| Serial Number | Low, under 100 (e.g., 00000007) |
| Year | 1953 series |
| Condition | No folds, tears, or marks |
How to Check Your Bills
Look at any $5 bills you have. Check the right side for a red seal and serial number. The serial number is printed twice, on the left and right. If it’s low (under 100 is best) and has no wear, you might have a winner. Also, check the year 1953 is the key series. Even bills with serial numbers under 1,000 can sell for thousands if they’re in top shape.
What to Do If You Find One
If you think you’ve got a rare bill, don’t spend it or try to clean it. Take clear photos of both sides and check its value on sites like eBay or currency forums. For high-value bills, contact a professional appraiser or auction house like Heritage Auctions. They can verify it and help you sell. Store the bill in a protective sleeve to keep it safe.
Don’t Miss Out
That old $5 bill in your wallet or a family safe could be worth way more than you think. With collectors paying over $100,000 for the right 1953 Red Seal bills, now’s the time to check your cash. A quick look could turn a forgotten note into a life-changing payout.
FAQs
What’s a low serial number?
A low serial number is usually under 100, like 00000005. Numbers under 1,000 can also be valuable.
Can a worn bill still be worth money?
Yes, but worn bills are worth much less, maybe $10 to $20, unless the serial number is very rare.
Where can I sell a rare bill?
Try reputable auction houses like Heritage Auctions or check with local coin shops after getting it appraised.