1. Common Circulated Condition:
- $50 to $100: Notes that have been in general circulation and show signs of wear and tear, such as folds, creases, or light stains.
2. High-Quality Circulated:
- $100 to $400: Notes that have been circulated but are in relatively good condition, without significant damage or stains.
3. Uncirculated Condition:
- $500 to $2,000: Notes that have never been circulated and are in pristine condition, with sharp corners, bright colors, and no visible wear.
4. Star Notes (*):
- $300 to $1,500: Notes with a star symbol (*) in the serial number are considered star notes and are more valuable than regular notes.
5. Error Notes:
- The value of error notes can vary widely based on the type and rarity of the error. For example, certain printing errors, overprints, or mismatched serial numbers can significantly increase the value of a banknote.
6. Rare Print Runs/Serial Numbers:
- Notes with rare print runs or special serial numbers can also command higher prices, especially among collectors.
7. Condition Rarity:
- If a particular condition or variety is scarce or rare, its value may be higher than the general range listed above.
It is important to note that the value of banknotes can change over time due to market fluctuations, so having it appraised by a professional numismatist or referencing up-to-date pricing guides is advisable to obtain the most accurate estimate of value for a specific 1923 $50 Federal Reserve note.