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Definitely. Kennedy was a newly-minted Senator in 1957. In the U.S. the rule is that a person can only have their picture on a stamp, coin, or bill after their death.

In any case most 1957 silver certificates are only worth about $1.25. With the damage caused by pasting a picture over George Washington's visage, its value is reduced to the original $1.

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Q: 1.00 Silver Certificate 1957 Series with John F. Kennedy in cente photo Is this a novelty item?
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