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Evaluating the Value of a Dollar Bill

Evaluating the Value of a Dollar Bill

Assessment

Interactive Video

Business, History

7th - 10th Grade

Practice Problem

Hard

Created by

Amelia Wright

FREE Resource

A man discovers a rare Martha Washington one-dollar bill in a foreclosed house. He takes it to a pawn shop, hoping to sell it for $1,500. An expert evaluates the bill, noting its excellent condition but slight imperfections, estimating its value at $59. After negotiation, the man sells the bill for $1,100, leaving satisfied with his unexpected find.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where did the narrator find the Martha Washington one dollar bill?

In a foreclosed house

At a garage sale

In an old library

At a flea market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial amount the narrator hoped to sell the dollar bill for?

$2,000

$1,500

$2,500

$1,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is grading important for the dollar bill?

It affects the bill's value

It determines the historical significance

It helps in legal documentation

It ensures authenticity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the expert called to evaluate the bill?

John Smith

Rick Harrison

Peter Trillium

Brian Johnson

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best possible grade a bill can achieve?

Uncirculated

Fine

Gem Crispo Circulated

Very Good

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the expert's conservative retail value for the bill?

$1,500

$10,000

$59

$20,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial offer made by the pawn shop for the bill?

$1,500

$1,200

$1,000

$800

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