AI Appraisal Estimate

This is a Series 1974 United States Federal Reserve Note with a face value of one dollar. The bill originates from the Federal Reserve Bank of Dallas, Texas, as indicated by the 'K' in the circular seal and the 'K' prefix in the green serial number (K09511148C). The obverse features the standard portrait of George Washington, flanked by the Treasury seal in green and the Federal Reserve seal in black. Signatures of the Treasurer of the United States (Nezeff) and Secretary of the Treasury (Simon) are present, corresponding to the mid-1970s era. The note is presented in a clear plastic protective sleeve within a spiral-bound currency album, alongside other bills including a visible two-dollar note behind it. The physical condition appears generally good for a circulated specimen; the paper shows expected light yellowing and mild rippling consistent with its age of approximately 50 years. There are no obvious large tears, though edge wear and corner blunting are visible. The craftsmanship is typical of the Bureau of Engraving and Printing, utilizing fine-line intaglio printing on linen-blend paper. A slight glare on the plastic sleeve obscures the central portrait, but the overall ink saturation of the green and black pigments remains strong.

I have carefully examined the provided images of this Series 1974 one-dollar Federal Reserve Note (Dallas District, K-C block). The note displays standard characteristics of authenticity for the Simon-Neff signature combination, including the characteristic intaglio printing depth and paper texture associated with 1970s Bureau of Engraving and Printing production. The condition is 'Very Good' to 'Fine' on the Sheldon scale; while it retains decent eye appeal, visible rippling, horizontal creasing, and corner blunting indicate it has seen significant circulation. Unlike rare star notes or specific high-grade fancy serial numbers, this specimen carries a common serial (K09511148C). Market demand for 1974 series singles is currently low among serious collectors unless the notes are in 'Choice Uncirculated' (CU) 63+ condition or higher. Current auction comparables show individual circulated 1974 Dallas notes selling for a nominal premium over face value, often as part of bulk lots or for novice collectors. The primary value-limiting factor here is the level of circulation and the lack of a 'star' designation. My valuation assumes no hidden pinholes or internal tears obscured by the plastic sleeve. For a definitive authentication, I would require an in-person physical inspection to verify the presence of red and blue security fibers within the paper and to perform a 'light box' test to check for evidence of chemical cleaning or press-fixing. Without physical access, this assessment remains a visual estimate based on digital representations.