Henry H. writes: I have looked at many web sites trying to find a answer but can not so far. I received some paper money from my Aunt. One is a $1.00 federal reserve note in an envelope with this note on it ” Federal Reserve Bank of Dallas Texas, Encircled K assassinated on Nov. 22, 1963 at Dallas Texas Series 1963 , 4-11’s=44 age 44. Is this really a collectors item and of any value?
Some people have tried to create a mystical association with the series 1963 Federal Reserve Bank of Dallas Texas bank notes. The letter “K” (first letter of Kennedy’s last name) in the serial number prefix and on the Treasury seal simply represent the Federal Reserve Bank of Dallas Texas. The number “11” is the Federal Reserve Bank number and appears on all four corners of the note. Notes with “22” (Kennedy was assasinated November 22, 1963) in the serial number were even more in demand. These notes predate Kennedy’s assassination and the series date is coincidental. Other denominations of 1963 Dallas Federal Reserve issues also exist.
The note does bring a premium in uncirculated condition but not because of the Kennedy connection but because they are scarce in new condition (retail value: about $3.) Circulated examples are currently worth face value.