1950 five dollar bill

So I was looking throught the money envelope at work today that we use when we order lunch. I came across a 1950 D five dollar bill. Serial number B44900800E. It is in really good shape too. Looks like someone has been holding on to it until it ended up in our chinese food fund. Then eventually into my hands!!! This is the oldest bill I personally have found.

Any ideas on value would be great. I wish I could scan it in but I dont have a scanner.

 

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Just out of curiosity who is supposed to be the signatures on this 1950 D five dollar bill. The treasurer of the united states and the secretary of the treasury.

 

Treasurer of United States was Katerine O'Hay Granahan. Secretary of the Treasury was C. Douglas Dillon.

In "really good shape" I'd say $8-10. Choice CU lists at $20. A very nice find though so hold onto that puppy!

clembo

 

thanks I plan on holding to it. Made my day finding it. I wasn't sure about the signatures b/c I have a bunch of 1963 $1 bills with those same names and wasn't sure how many years in a row they are on money. I don't often pay too much attention to that.

 

cool find! post a pic if you get a chance

 

US currency is signed by the sitting Secretary of the Treasury and Treasurer of the United States. The Secretary is a cabinet member, and the Treasurer is also a presidential appointee requiring Senate confirmation. Such office holders very rarely serve under more than one President (except for brief periods until a new President's appointees are confirmed).

Henry Morganthau's record of four days over 11-1/2 years in office as Secretary of the Treasury under FDR (1/1/34-4/12/45) and Truman (4/12-7/5/45) will probably never be equalled, due to the subsequently enacted 22nd Amendment's absolute lifetime limit of 8 years for holding the office of President.

 

This will be a good learning session for me. How come on one 1963 $1 bill I have henry fowler as the secretary of the treasury and the other I have Dillion. Is it beacuse one is a series a (Fowler)

 

A change occurred during the year, and the series was changed by adding the A. If that particular bill had no design change before the next change in signatures, a B series would result.

 

Hontonai has explained it.

Not like coins that change dates with years. They change series with Secretary of Treasury changes. This means a note "dated" 1963 could have actually been printed in 1968 for example.

 

Here's a trivia fact, your bill is the last series for $5's that doesn't have In God We Trust on the back. If you flip yours over, you'll see that it's not there.

 

I think the legal limit is 2 terms, not 8 years. A president can become the defacto president due to the death of the elected president. In this manner, he would become president, but it would not hinder him from still being elected twice. I could be wrong, but this is how i have always understood it.

 

Per the 22nd Amendment, the Legal limit is elected to office for 2 terms, but that limit is reduced to 1 election if that person has already served for more than 2 years. Thus the limit is more simply stated as 10 years regardless of how you get into office, but our politicians refuse to state things in their simplest terms. I think they get paid by the word or something.

 

1 elected term of 4 years plus 1 unelected term of 4 years if the elected president has died before inauguration day is still only 8 years, not 10.

 

The grand total maximum is 10 years.

If a president inherited the office for 4 years as unelected, then yes, his limit would be 4 years, plus the time he served in his first term.

If a president inherits the office for less than 2 years as unelected, then his limit would be 8 years, plus the time he served in his first term.

Now, how do they figure leap day into those calculations.

 

Yup, I miscalculated. Technically the limit is one day less than 10 years, but that's still quite a bit less than Morganthau's tenure, so my original point that his record is pretty safe remains valid.

 

Thank congress for that.

 

Yes, it won't be there, but no, this isn't the last series without it. Series 1950E is also missing the motto. The motto wasn't added to any FRNs before Series 1963.

 

My bad, thanks for the correction.

 

That NY note FR1965-B had a printing of 102,160,000 notes`CHCU63 is listing at $25. There has been a recent intrest in older FRN like these as the shreders of the Fed Gov are eliminating these at a rapid pace!

It is making finding examples that I need all the more difficult and only releases from major collections are affording these and earlier notes onto the market at substantial prices in Gem!

Post the pic! Save the note!!


RickieB

 

wow way late but here is a pic. sorry crappy camera