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The blue seal indicates that your bill is a silver certificate, a form of currency that's no longer issued. The 1957 B series date also indicates it was printed in the early 1960s, just before the government stopped printing silver certificates.

In spite of its age and the fact that they're no longer printed, late-date silver certificates are very common among collectors. As of 04/2010, a circulated one is worth only about $1.25.-$1.50 at auction, while a nice uncirculated one might sell for $3-$4.

Please see the Related Question for more about silver certificates.

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Q: What is the value of a 1957 B US 1 dollar bill with a blue seal?
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