The $2 bills were first introduced as large-size notes in 1862 as Legal Tender Notes, having the picture of Alexander Hamilton on the front side. Type: Legal Tender Notes and Federal Reserve Notes.Although the bills were not widely accepted and circulated, many bills in excellent condition were kept as collectors’ items.Ĭurrently, there are 1.2 billion $2 bills with a total value of $2.4 billion. The Department of Treasury reinstated the production of $2 bills with some changes in design starting as early as 1974. Until 1941, it became almost impractical as most goods and services became cheaper – less than a dollar. The $2 bill lost its demand through tough times, mainly through the Great Depression. Overall, the $2 bill underwent a few changes until its production was halted in 1966. In contrast, the Legal Tender Notes were printed from 1862 till 1963 and had a red color seal and serial numbers.Īmong other popular issues, the “Lazy Deuce” design and the Silver Certificates were also circulated. The notes have a green color seal and serial numbers. The Federal Reserve Notes were printed from 1976 until now. Generally, there are two types of $2 bills – Federal Reserve Notes and Legal Tender Notes. The $2 bill was sufficiently large because of the low monthly wage rate. During those times, people often preferred coins more than paper currency.Īlthough a $2 bill might sound small for an average consumer, most households earned less than $15 per month at that time. The $2 bill was printed for the first time in 1862 and lasted until 1963. So finding a $2 bill might not get you much, but it can be more than its face value in some cases.Ī $2 bill’s worth would depend on multiple factors, including rarity, striking error or mark, year of series, and color of stamp and serial numbers.īut before we move on with a two-dollar bill’s value, let’s have a quick look at its History. And, it still managed to keep its demand consistent.Īmong billions of such notes in circulation, most are worth only as much as their face value. From dirty politics to superstition and prostitution to gambling, the two-dollar bill had quite the reputation when it was still young.Īlthough it was tainted with negative connotations, the Federal Reserve Note (erstwhile Legal Tender Note) went through pretty hard times.
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