What Does A Red Stamp On Money Mean

Small start to a currency collection

| The Paginator

This June I got to go to the Currency Show in Kansas City. As I wrote in my last blog post I was trying to start a currency collection so that is one reason me and my family went. To start of my collection with some paper money that wasn't too expensive, I bought a five dollar red seal series 1953 A. I also bought Disney dollars while I was at the show although they aren't for my currency collection necessarily I bought them for a display I am going to do on Disney dollars soon.The main reason I chose the red seal five dollar bill to start my collection was because I already had one that someone gave me but it wasn't in very good condition so I got an almost uncirculated one. It's a lot nicer to look at than a wrinkled one!

The 1953 red seal five dollar bills came in four different varieties. There are four different series 1953, 1953 A, 1953 B, and 1953 C. All of these five dollar bills are worth about $6 each in average circulated condition. If they are uncirculated they can be worth up to 40 or 50 dollars. The only difference between the four notes is the signatures. On the series of 1953 the signatures are from Ivy Baker Priest and G.M. Humphrey which are the Treasurer and Secretary. There were 120,880,000 printed. The Series of 1953 A has Ivy Baker Priest and Robert B. Anderson and 90,280,000 were printed. The Series of 1953 B has Elizabeth Rudel Smith and C. Douglas Dillon and 44,640,000 were printed. Last but not least is the Series of 1953 C which has Kathryn O'Hay Granahan and C. Douglas Dillon's signatures on them. There were 8,640,000 printed. All of the 1953 five dollar red seal bill have a serial number written in red ink. There is also a red seal on the right hand side of the bill. All 1953 red seals were printed in Washington DC with a picture of Abraham Lincoln in the middle of the bill. Star notes were also printed for all of the 1953 five dollar bill series. Star notes have a serial number that has a red star by the serial number. In circulated conditions 1953 red seal are worth about $12. The Uncirculated 1953 five dollar red seal star notes are worth up to $100.

The red seal appears on United States Notes issued from from 1862 to 1971. It shows that the money is an obligation of the U.S. Treasury. Until 1933, the Treasury had been redeeming these notes for gold. Until 1968, the Treasury had them redeemed for silver instead. Although when the dollar switched to a fiat currency in 1968 the gold and silver trade in ended.

In conclusion even though this five dollar bill may not be worth much it is still a piece of currency history with a story. Even though it isn't as cool or amazing as some of the earlier bills it plays a part in the five dollar bills history. Although if I want to buy some other and older five dollar bills Im going to need to save up!

What Does A Red Stamp On Money Mean

Source: https://www.money.org/collector/the-paiginator/blog/small-start-to-a-currency-collection#:~:text=The%20red%20seal%20appears%20on,them%20redeemed%20for%20silver%20instead.

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