The 1907 five dollar bills are large-size notes that are valuable. Continue reading to learn more about these bills.

1907 5 Dollar Bill

1907 5 Dollar Bill

This bill is nicknamed the "Wood Chopper Note". It features a portrait of Andrew Jackson and a pioneer family with a man carrying an ax.

There are ten different signature varieties for this bill. The values are similar for most varieties.

Specifications

Denomination: $5.00 USD
Type: Legal Tender Note
Seal Color: Red
Portrait: Andrew Jackson
Series: Series of 1907

Value

These bills in circulated condition will be worth a lot more than their face value of $5. Bills in high condition grades will sell for more money.

Most 1907 series $5 bills are worth around $120 in very good condition. In very fine condition the value is around $200. In extremely fine condition the value is around $420. Uncirculated bills with a grade of MS 63 can sell for around $700.

Rare Varieties

There is one rare variety that you should look for.

The 1907 series $5 bill with the signatures of Napier and Thompson is the most valuable variety. This bill is worth around $175 in very good condition. In very fine condition the value is around $650. In extremely fine condition the value is around $950. Uncirculated bills with a grade of MS 63 can sell for around $1,750.

Grading System

Very good- A circulated note that has considerable wear to it. There might be one or two tears on the edge of the note. The note may be discolored, dark in appearance, or limp.

Very fine- A note that has been in circulation but not for a long time. The note is still relatively crisp. There may be some creases, folds, or light smudges.

Extremely fine- A note that shows small signs of having been in circulation. The note will be bright and it will have almost all of its original crispness. There might be one or two minor creases or folds but there are no stains, discolorations, or tears.

MS 63 choice uncirculated- A note that shows no signs of ever having been in circulation. The note still has its original crispness. The note is also well-centered.

 

Sources:

A Guide Book of United States Paper Money


See also:

1914 Five Dollar Bill