Even though they almost never turn up in change anymore, 1974 $10 bills are easy to find among dealers and collectors. As of 01/2010 a nice uncirculated one retails for $17 to $20.
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Unless it's uncirculated and unfolded, face value only.
As of 03/2010 a 1974 US $10 bill retails for about $11 in circulated condition, and roughly $18 if crisp and uncirculated.
In circulated condition, 20 dollars. Uncirculated, it might retail for all of $21-22.
A mint condition uncirculated $1 bill is worth $4. Used condition notes are worth $1.
If it is in perfect uncirculated condition, then it would be worth $60. In normal circulated condition, it is worth $20.