The note is considered uncirculated as there are no visible signs of circulation. This is an opinion and priced accordingly. If you use a microscope to examine the bill and enlarge it 10x, you may find indications of handling from printing and cutting, packaging, or handling transfer at the bank.

Note Details - 
Locator (1-036 this is our reference)

Please see all photos for the currency's condition. 

This note was part of a large currency collection that included most $1 to $100 star notes by run from 1963 to present, $1 t0 $20 notes by the Federal Reserve Bank, and $1 to $100 currency sheets of 4 to 32 notes.