1. Condition: The overall condition of the bill significantly affects its value. A bill in uncirculated or near-uncirculated condition with minimal wear and crisp details will hold a higher value compared to a well-circulated bill with folds, tears, or creases.
2. Rarity: The 1923 US 1 dollar bill is considered relatively scarce compared to other notes of its era. This scarcity can contribute to its value, especially for certain series and Federal Reserve districts that are more challenging to find in good condition.
3. Star Notes and Signatures: Some 1923 $1 bills may carry special designations, such as star notes or signatures of significant figures from that period. Star notes are denoted by a star symbol (*) before the serial number and were typically used as replacements for damaged or misprinted bills. These notes often command higher premiums among collectors.
4. Serial Number: Certain serial numbers can add to the value of the bill. For instance, consecutive serial numbers, low serial numbers, or repeating digits can attract the attention of collectors and increase its desirability.
5. Demand and Market Trends: The value of a 1923 US 1 dollar bill can also be influenced by current market trends and demand among collectors. Economic conditions, historical interest, and fluctuations in the collectibles market can impact its price.
Given the uniqueness of each bill, it's advisable to consult reputable numismatic experts or coin dealers who specialize in paper currency to obtain an accurate estimate of its value. They can physically examine the bill, assess its condition, and provide you with a more informed valuation based on market trends and historical significance.