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Old 02-02-2008, 10:25 AM   #1 (permalink)
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Default Found a weird $50 bill

Received an old $50.00 from my grandmother for Christmas that I put away in my wallet for emergencies. While cleaning out my wallet, I noticed that there was some weird notes on the bill.

In the top left corner, when it normally says "This note is legal tender for all debts, public and private", it actually reads: "This note is legal tender for all debts, publica and private, and is redeemable in lawful money at the United States Treasury, or at any federal reserve bank".

Also, on the bottom where is normally says "The United States of America Fifty Dollars", it actually says: "The United States of America will pay the bearer on demand Fifty Dollars".

The bill is nice and crisp, but it does have a fold down the middle - is it worth anything, or is that just how the bills were produced way back when?
 
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Old 02-02-2008, 10:28 AM   #2 (permalink)
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Originally Posted by TheeSublimeOne View Post
Received an old $50.00 from my grandmother for Christmas that I put away in my wallet for emergencies. While cleaning out my wallet, I noticed that there was some weird notes on the bill.

In the top left corner, when it normally says "This note is legal tender for all debts, public and private", it actually reads: "This note is legal tender for all debts, publica and private, and is redeemable in lawful money at the United States Treasury, or at any federal reserve bank".

Also, on the bottom where is normally says "The United States of America Fifty Dollars", it actually says: "The United States of America will pay the bearer on demand Fifty Dollars".

The bill is nice and crisp, but it does have a fold down the middle - is it worth anything, or is that just how the bills were produced way back when?

what year is it and does it mention silver or gold anywhere?
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Old 02-02-2008, 10:30 AM   #3 (permalink)
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1950 with no mention of silver or gold. There is also a small "175" on the back right corner of the Capitol building.
 
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Old 02-02-2008, 11:12 AM   #4 (permalink)
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What is the value of a 1950 US 50-dollar bill?

It depends on the bill's condition and series. The series is a letter that may or may not appear next to the date 1950. The printed year is often kept the same for a particular design regardless of the actual year of issue, while the series letter is changed following the appointment of a new Treasurer (or much less often, Treasury Secretary). $50 notes for 1950 were issued in 6 series - no letter, and 1950A through 1950E. E-series notes can be worth $25 to $50 above face value if circulated, more if crisp uncirculated. The other 5 series are worth less, anywhere from face value to $25 above; again, more if crisp uncirculated.

The demand for these is much less than the supply. Unless yours is an absolute gem crisp uncirculated note, you're not going to get any premium for it. If it's a gem, you might get $70-$80 if you can find an interested buyer.
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Old 02-02-2008, 11:27 AM   #5 (permalink)
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It's blocking the newer 50's. Trade it to me for 2 20's.
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