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The main thing you need to do is make sure it is genuine. The vast, vast, vast, vast, VAST, majority of colonial paper currency are reproductions or counterfeit. First, make sure there are no markings that say "COPY" or "FACSIMILE" anywhere on the bill. Secondly, check the serial number and compare it to known reproductions and counterfeit bills. Thirdly, check that all of the details match up with historical details (does the colour of the ink match the period? Is the paper the same type? Does it show natural aging or is it accelerated by tea staining, etc.) if -everything- matches up, I would take it to a dealer specializing in paper currencies and have them look at it and make sure it isn't a reproduction. If all that checks out, send it to a currency grading company and only then can you place a value on it. But look at it -very- carefully, there is most likely 500 fake bills to every 1 genuine bill out there.

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