The 1934 100 dollar bill, commonly referred to as the “one hundred dollar bill,” is a piece of American currency that has intrigued collectors and investors alike for decades. If you own one of these bills, you may be wondering about its current value, its potential for appreciation, and how its worth compares to other series of the $100 bill.
This article will delve deep into the 1934 $100 bill’s value, factors that influence its price, and tips for understanding its worth in today’s market. Understanding the value of the 1934 $100 bill is essential.
The 1934 100 dollar bill value is influenced by a variety of factors, from its condition to the specific series it belongs to. These bills, part of the Federal Reserve note series, feature Benjamin Franklin on the obverse and were issued in several different series throughout the year 1934.
Each series—ranging from the 1934, 1934A, 1934B, 1934C, and 1934D—has its unique characteristics that impact its worth, with certain factors adding value, such as rarity, printing errors, and even the location of the issuing Federal Reserve Bank.
The 1934 100 Dollar Bill Specifications
The 1934 100 dollar bill is a Federal Reserve note, meaning it was issued by the Federal Reserve System rather than directly by the U.S. Treasury. The bill features the iconic portrait of Benjamin Franklin, one of the Founding Fathers of the United States, who is undoubtedly one of the most prominent figures on U.S. currency.
The 1934 series of $100 bills was printed with green seals and were signed by two prominent officials: W.A. Julian, the Treasurer of the United States, and Henry Morgenthau Jr., the Secretary of the Treasury.
The design of these notes remained similar to earlier one hundred dollar bills from the 1929 series, with only slight modifications. While Benjamin Franklin remained the central figure, subtle design changes made each series unique.
Factors That Affect The 1934 100 Dollar Bill Value
There are several factors that influence the 1934 100 dollar bill’s value, and condition is arguably one of the most important considerations.
The following factors contribute to the bill’s overall worth:
- Series and Condition: The specific series (1934, 1934A, 1934B, 1934C, or 1934D) and the condition of the note are essential in determining its value. Most 100 dollar bills from this period are worth their face value in circulated condition, but notes that are in better condition, such as very fine or uncirculated bills, can command a premium. For example, a bill from the 1934 series in very fine condition might be worth around $145, while an uncirculated note could be worth up to $325 or more.
- Star Notes: One of the most sought-after variations of the 100 dollar bill is the star note. Star notes are rare bills that feature a star symbol before the serial number, indicating that the note was part of a replacement series issued by the Federal Reserve. Star notes are often more valuable than regular bills, with certain series reaching significantly higher values, especially if the note is in pristine, uncirculated condition.
- Federal Reserve Bank of Issue: The location from which the note was issued also plays a role in its value. For example, 100 dollar bills issued by the Federal Reserve Bank of Minneapolis and Dallas tend to be worth more due to their relative rarity, particularly in uncirculated condition.
- Low Serial Numbers: Notes with low serial numbers, such as those beginning with several zeros, are generally more valuable. Collectors seek out these low-numbered bills, and they can fetch a higher price in the market.
1934 Series Notes Value Breakdown
1934 Series
The 1934 $100 bill value from the standard series is typically worth between $145 and $175, depending on its condition. Notes in extremely fine condition could be worth around $175, while uncirculated notes could fetch a price in the range of $250 to $325, with certain bills reaching even higher values if they have unique characteristics or low serial numbers.
1934A Series
The 1934A 100 dollar bill is generally worth slightly less than the standard 1934 series, with notes in very fine condition worth around $135. In extremely fine condition, the price may increase to $155, and uncirculated notes could sell for anywhere from $200 to $275. The higher-value notes typically come from specific Federal Reserve Banks.
1934B Series
The 1934B $100 bill value is higher than that of the 1934A series, with bills in very fine condition reaching around $150. Extremely fine notes might be valued at around $180, and uncirculated notes can be worth up to $325, particularly if they come from rarer issuing banks.
1934C Series
Similar to the 1934B series, the 1934C $100 bill value is typically in the range of $150 to $175 in very fine and extremely fine conditions. Uncirculated bills can be worth between $250 and $350, though notes from the Federal Reserve Banks of Boston and New York are more valuable due to their rarity.
1934D Series
The 1934D $100 bill value is among the highest of the standard series, with bills in very fine condition ranging from $200 to $275. In extremely fine condition, they can be worth $350 to $375, and uncirculated bills may command between $450 and $600, with notes from the Federal Reserve Bank of Dallas being even more valuable, potentially reaching up to $900 in uncirculated condition.
The Impact of Star Notes on Value
The value of star notes can be significantly higher than that of regular 100 dollar bills. These notes are much rarer and often sought after by collectors due to their unique status as replacement notes. For instance:
- 1934 Star Notes can be worth around $225 in very fine condition, up to $1,650 in uncirculated condition.
- 1934A Star Notes are valued at approximately $250 to $265 in very fine condition and up to $1,000 in uncirculated condition.
- 1934B Star Notes have a higher value, with prices ranging from $775 in very fine condition to over $3,000 for an uncirculated note.
- 1934D Star Notes are some of the most expensive, with notes in very fine condition worth up to $1,800 and uncirculated examples reaching as high as $5,000.
These notes often carry premium prices, especially if they come from rarer Federal Reserve Banks like Dallas or San Francisco.
Grading and Its Importance in Determining Value
When determining the 1934 100 dollar bill’s value, it’s essential to consider its grade. The grading system helps determine the bill’s condition and, in turn, its market value. The main grades are:
- Very Fine (VF): Notes that show signs of circulation, such as light creases or folds, but are still relatively crisp.
- Extremely Fine (EF): Bills that have only minor signs of wear, such as light folds or creases, and retain much of their original crispness.
- MS 63 (Choice Uncirculated): These bills are virtually pristine, showing no signs of wear and retaining their original freshness and crispness.
A bill’s grade plays a significant role in determining how much it’s worth, with higher-quality notes commanding higher prices.
Conclusion
The 1934 100 dollar bill value can vary widely depending on the condition, series, and any special characteristics it may possess.
Notes from the 1934, 1934A, 1934B, 1934C, and 1934D series all offer varying values, and bills in uncirculated or extremely fine condition can fetch a premium.
Star notes and bills from rare Federal Reserve Banks are especially valuable, with some commanding thousands of dollars in pristine condition.
Understanding the key factors that influence its value will give you the insight needed to make informed decisions. Keep in mind that the market for paper money can fluctuate, so it’s always a good idea to consult with currency experts and stay updated on trends that may affect the 100 dollar bill market.
With its historic appeal and potential for long-term value, the 1934 one hundred dollar bill remains an intriguing and valuable piece of U.S. currency.
By considering these factors, collectors and investors alike can better navigate the world of paper money and determine exactly how much their 1934 $100 bill is truly worth.