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This article needs additional citations for. Unsourced material may be challenged and removed.Find sources: – ( November 2018) Two dollars (United States)Value$2.00Width156 mmHeight66.3 mmWeightApprox. 1 gSecurity featuresNonePaper type75%25%Years of printing1862–1966,1976–Present (, current form)ObverseDesignDesign date1928ReverseDesignDesign date1976The United States two-dollar bill ($2) is a current of U.S. The portrait of, the third (1801–09), is featured on the of the note.
The features an engraving of the painting by.Throughout the $2 bill's pre-1929 life as a large-sized note, it was issued as a,. Currency was changed to its current size, the $2 bill was issued only as a United States Note.
Production went on until 1966, when the series was discontinued. Ten years passed before the $2 bill was reissued as a with a new reverse design.As a result of banking policies with businesses which have resulted in low production numbers due to lack of demand, two-dollar bills do not circulate as well as other denominations of U.S.
This comparative scarcity in circulation, coupled with a lack of public knowledge that the bill is still in production and circulation, has also inspired about its authenticity and value and has occasionally created problems for those trying to use the bill to make purchases. The apparent scarcity of the $2 bill, in spite of its production figures, also means that large numbers of the bills are taken out of circulation and collected by people, who may believe the bill to be rarer than it actually is. Contents.Denomination overview The denomination of two dollars was authorized under a congressional act, and first issued in March 1862. The denomination was continuously used until 1966; by this time the was the only remaining class of U.S.
Currency the two-dollar bill was assigned to. In August 1966, the Treasury Department discontinued production of the $2 and $5 denominations of United States Notes. While the $5 denomination had long been issued simultaneously as both a Federal Reserve Note and United States Note, the $2 denomination was not immediately reassigned to the Federal Reserve Note class of United States currency and was thus fully discontinued. The Treasury cited the two-dollar note's low use as the reason for not immediately resuming use of the denomination. In 1976, production of the two-dollar denomination was resumed and the two-dollar bill was finally assigned as a Federal Reserve Note, with a new reverse design featuring 's depiction of the drafting of the replacing the previous design of. It has remained a current denomination since that time.
It was estimated that if two-dollar notes replaced approximately half of the one-dollar notes in circulation, the federal government would be able to save about $26 million in 1976 dollars ($114 million adjusted for inflation) over the period from 1976 to 1981, due to reduced production, storage, and shipping costs.However, due to their limited use, two-dollar notes are not printed as frequently in a new as other denominations, which are produced according to demand. Most found in, lanes, and other automated kiosks are configured to accommodate two-dollar bills, even if the fact is not stated on the label. Although they are generally available at most banks, two-dollar notes are usually not handed out except upon specific request by the customer, and may cause a delay with a trip to the. Rarity Printing $2 bills is twice as cost-effective for the government as printing $1 bills, since they both cost the same amount (around five cents) to manufacture, but the public has not circulated them as widely.
During the, few Americans had enough money to require $2 bills. In the middle of the 20th century, $2 bills were often used for, tips at and for when politicians wanted votes (though this is most likely ), and so acquired a negative reputation. During and later, were frequently paid with $2 bills, and the notes often saw use at,. Many people erroneously believe that the 1976 series note with its unusual reverse design was a special, limited issue, produced for the; this, combined with the earlier discontinuation of the denomination, gave the impression these notes might be valuable as collector's items, and contributed to hoarding.
Today, the general public is still largely unfamiliar with the notes because they are not widely circulated and continue to be frequently hoarded.There remains a common misconception that the $2 bill is no longer being produced, though bills have been printed with series dates of 1976, 1995, 2003, 2003A, 2009, and 2013. A series changes when there is a redesign of the bill or changes in signatory; Secretary of the Treasury or Treasurer of the United States. Treasury reports that $1,549,052,714 worth of $2 bills were in circulation worldwide as of April 30, 2007.Things such as unusual serial numbers (example: A11111111A), and designated by a star in the serial number can raise the collector value.
'Collectible' or 'enhanced' two-dollar bills, commemorating America's national parks and other places, people and events, have been made and sold by coin dealers and others in recent years merely by adding color, special graphics or color printed plastic overlays onto regular issue two-dollar bills by using. Series 1890 featuring. This 'Coin Note' was used for government purchases of silver bullion from the mining industry.( approximately 7.4218 × 3.125 in ≅ 189 × 79 mm)In March 1862, the first $2 bill was issued as a (United States Note) with a portrait of; the portrait of Hamilton used was a profile view, different from the familiar portrait in use on the small-sized since 1928.By 1869, the $2 United States Note was redesigned with the now-familiar portrait of to the left and a of the in the center of the obverse. This note also featured green tinting on the top and left side of the obverse. Although this note is technically a United States Note, TREASURY NOTE appeared on it instead of UNITED STATES NOTE.
The reverse was completely redesigned. This series was again revised in 1874; changes on the obverse included removing the green tinting, adding a red floral design around WASHINGTON D.C., and changing the term TREASURY NOTE to UNITED STATES NOTE. The 1874 design was also issued as Series of 1875 and 1878, and by 1880, the red floral design around WASHINGTON D.C. On the United States Note was removed and the serial numbers were changed to blue. This note with the red floral design was also issued as Series of 1917 but with red serial numbers by that time.National Bank Notes were issued in 1875 and feature a woman unfurling a flag and a large sideways '2' ('Lazy Duce') on the obverse.
The reverse has the king of England smoking tobacco and an eagle with a shield. The second two-dollar denomination in the silver certificate series printed in 1891. This note features United States Secretary of the Treasury.In 1886, the first $2 with a portrait of General on the left of the obverse was issued. This design continued until 1891 when a new $2 Silver Certificate was issued with a portrait of U.S. Treasury Secretary in the center of the obverse.Two-dollar Treasury, or 'Coin', Notes were first issued for government purchases of silver bullion in 1890 from the silver mining industry. The reverse featured large wording of TWO in the center and a numeral 2 to the right surrounded by an ornate design that occupied almost the entire note. In 1891, the reverse of the Series of 1890 Treasury Note was redesigned because the treasury felt that it was too 'busy', making it too easy to counterfeit.
More open space was incorporated into the new design.In 1896, the ' Silver Certificate was issued. The entire obverse of the note was covered in artwork with an figure of science presenting steam and electricity to commerce and manufacture. The reverse of the note featured portraits of and surrounded by an ornate design that occupied almost the entire note.By 1899, however, The $2 Silver Certificate was redesigned with a small portrait of surrounded by allegorical figures representing agriculture and mechanics. The final design of the United States' silver certificate series featuring George Washington, printed in 1899.Large-sized were issued in 1918. Each note was an obligation of the issuing Federal Reserve Bank and could only be redeemed at the corresponding bank. The obverse of the note featured a borderless portrait of Thomas Jefferson to left and wording in the entire center.
The reverse featured a.Beginning in the 1950s, production of $2 bills began to decrease. The relative scarcity of the notes led some to start saving any they received, with the inevitable result that the bills became less common in circulation. Currently, the circulation of $2 bills accounts for around 1% of the U.S. Currency in circulation.Small size notes (6.14 × 2.61 in ≅ 156 × 66 mm) 1928–1966 In 1928, when all U.S.
Currency was changed to its, the $2 bill was issued only as a. The obverse featured a cropped version of Thomas Jefferson's portrait that had been on previous $2 bills. The featured Jefferson's home,. As with all United States Notes the and serial numbers were red. The $2 bill featured the treasury seal superimposed by the United States Note obligation to the left and a large gray TWO to the right.In 1953, the $2 bill along with the $5 United States Note received minor design changes. The treasury seal was made smaller and moved to the right side of the bill; it was superimposed over the gray word TWO.
The United States Note obligation now became superimposed over a gray numeral 2. The reverse remained unchanged.The final change to $2 United States Notes came in 1963 when the motto IN GOD WE TRUST was added to the reverse over the Monticello.Further, because were soon to be no longer redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse. In August 1966, the $2 and $5 denominations of United States Notes were officially discontinued, though they both remain legal tender. Series 1976 first day of issue $2 note with a canceled postage stamp.On November 3 1975, Secretary of the Treasury announced the reissuance of the $2 note as a cost-saving measure; The new $2 notes would be available from banks on April 13 1976, Thomas Jefferson's birthday. Series 1976 $2 bills were redesigned as a. The note retains the same portrait of Jefferson, and the basic design of the obverse remains unchanged since 1928.
The treasury seal and serial numbers are printed in green ink, replacing the red used on the previous United States Note. Since the reintroduction of the note coincided with the, it was decided to use a bicentennial-themed design on the reverse.
Contrary to wide belief, the bill was not issued specifically to celebrate the bicenntenial. An engraved rendition (not an exact reproduction) of 's replaced Monticello on the reverse.
First-day issues of the new $2 bills could be taken to a and stamped with the date 'APR 13 1976'. In all, 590,720,000 notes from Series 1976 were printed.Currently, stamped series 1976 $2 notes typically trade for about twice their face value. If the bills were stamped in a city with an unusual name, the value may be slightly higher. However, no first-day-issued 1976 $2 bills with postage stamps are especially rare or valuable.Despite their age, crisp, uncirculated series 1976 $2 notes are not uncommon and are not particularly valuable. More than half a billion series 1976 $2 notes were printed and a very large number were saved and hoarded upon their original issue. A typical, single uncirculated 1976 $2 bill is worth only slightly above $2 face value. An average circulated series 1976 note has no additional value above its $2 face.In 1996 and 1997, 153,600,000 bills were printed as Series 1995 for the Federal Reserve District of Atlanta. Beginning with Series 1995, all $2 notes have been produced at the B.E P.
Western Currency Facility in. In 2004, 121,600,000 of the Series 2003 bills were printed for the Federal Reserve District of Minneapolis. An issue of Series 2003A $2 bills was printed from July to September 2006 for all twelve Federal Reserve Banks.
In all, 220,800,000 notes were printed.In February 2012, the printed 512,000 Series 2009 $2, in anticipation of more regular runs being printed later in 2012. Series 2009 $2 bills were issued to banks during the summer of 2012.In November 2013, the B.E.P. Began printing series 2013 $2 notes for the Federal Reserve Bank of Atlanta; these notes entered circulation in early 2014. A total of 44,800,000 notes were ordered for fiscal year 2014, which ran from October 2013 through September 2014. Series dates Large size.
Series 1880 $2 note showing a large brown treasury seal. The signatures of Blanche Bruce & A. Are present on the obverse near the bottom TypeSeriesNotes1862Small Red w/raysAlso called a '.Legal Tender Note1869F.E.
SpinnerLarge RedNicknamed: 'Rainbow Note' from itsred, white, and blue colors.Legal Tender Note1874John AllisonF.E. SpinnerSmall Red w/raysLegal Tender Note1875John Allison&Small Red w/raysLegal Tender Note1878Allison &Small Red w/raysScofield/Gilfillan is scarceLegal Tender Note1880Scofield, andGilfillan, Wyman, andLarge Brown/RedSmall Red scallopedLegal Tender Note1917,and&Small Red scallopedOriginal, and AllisonF.E. SpinnerSmall Red w/raysJeffries/Spinner combo is very rare1875Allison & ScofieldNew, Wyman, and GilfillanSmall Red scallopedNicknamed: 'Lazy Deuce' along withthe original series from the positionof the '2' on the note.1886, and HustonLarge Brown/RedSmall Red scallopedSilver Certificate1891William S. RosecransLarge RedSilver Certificate1891Rosecrans & TillmanNebecker & MorganSmall Red scallopedSilver Certificate1896Tillman & BruceMorgan &Small Red w/raysPart of the '.Silver Certificate1899Lyons, Vernon, Napier,Parker, Teehee, Elliott,and SpeelmanRoberts, Burke, and WhiteBlue1890William S. RosecransHuston & NebeckerLarge Brown& Small Red scallopedTreasury Note1890William S. RosecransLarge RedTreasury Note1891Rosecrans, Tillman, and BruceNebecker, Morgan, and RobertsSmall Red scalloped1918Teehee & ElliottJohn BurkeBlueNicknamed: 'Battleship note' fromthe reverse design.Small size. The first small-size $2 Legal Tender Note printed (Smithsonian) TypeSeries1928, 1928-A to G,RedLegal Tender Note1953, 1953-A to C,RedLegal Tender Note1963, 1963-AKathryn E.
GranahanDillon &Red1976GreenFederal Reserve Note1995GreenFederal Reserve Note2003GreenFederal Reserve Note2003-AJohn W. SnowGreenFederal Reserve Note2009GreenFederal Reserve Note2013Rosa Gumataotao RiosGreenThese are sourced by The Official Red Book (Whitman). Visual snapshot A chronological display of the American two-dollar bill.
Visual collection of the two-dollar bill throughout the history of the United States. Usage Over five million $2 bills are entered into the database of the American currency-tracking website. Because $2 bills are uncommon in daily use, their use can make a particular group of spenders visible. A documented case of using two-dollar bills to send a message to a community is the case of and the communities in the surrounding. In 1989, Geneva Steel paid its employee bonuses in $2 bills.
When the bills began to appear in different places, people recognized the importance of the company to the local economy.Use of the two-dollar bill is also being suggested by some gun rights activists to show support for rights, particularly at stores that allow or of weapons on their premises. Two-dollar notes have also seen increased usage in situations where tipping is encouraged, especially in. This is due to the idea that tips will increase because of the ease of use of a single, higher-denomination bill as the lowest common note in use.The use of the two-dollar bill is popular among fans and alumni of, who often bring notes with them when traveling to in other localities as a demonstration of their economic impact in an area. The idea was first popularized in 1977 when had threatened no longer to play the and has since caught on as a token of fandom when traveling to other locations. Fans will often stamp an orange tiger paw (Clemson's logo) on the note as a sign of its origin.During the 1930s, the $2 bill was often used at East Coast horse race tracks to make a bet. Because of the German and Jewish influence, the bill was locally known in parts of New Jersey as a 'zwei-buck', and the upper right corner '2' was sometimes torn off to increase the luck. In recent years, some individuals have become $2 bill 'ambassadors', attempting to popularise the bill in everyday transactions by using them as often as possible, adding large numbers of the notes into circulation in the process.In the town of Valentine, Nebraska, the local grocery store, Henderson's IGA, stocks their tills with $2 bills and hand them out as change.
Uncut currency delivery from BEP.are available from the. Some of the recent $2 uncut sheets from Series 1995 and Series 2003 have been collectibles as they come from special non-circulation printings. Most of the Series 1995 $2 uncut sheets had a higher suffix letter in the serial number than regular circulation $2 bills. Uncut $2 sheets from Series 2003 were printed for the (A), (B), (F), (G), (I), and (K) Federal Reserve districts despite the fact that notes from the Minneapolis district were the only ones released for circulation.
Uncut sheets of Series 2003A have also been produced, although in this case circulating currency for all districts has also been made. All two-dollar bills beginning with Series 1995 have been printed in the BEP facility in, (indicated by 'FW' preceding the face plate number on the obverse of the note).
Two-Dollar Bill Challenge - Spend only two dollar bills for an entire month.Uncut sheets of $2 bills are available in various sizes. A 32-subject sheet, which is the original-size sheet on which the notes are printed, is available. Other sheet sizes available have been cut from the original 32-subject sheet. These include half (sixteen-note), quarter (eight-note), and eighth (four-note) sheets for $2 bills. Uncut sheets are sold for more than their respective face values.Uncut sheets of large size notes (issued before 1928) also exist, but are extremely rare. References. Currency Education Program.
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Friedberg, David L. (INT) Ganz (2005). Whitman Publishing, LLC. Retrieved February 9, 2011. CS1 maint: Uses authors parameter.
Arthur L. Friedberg, Ira S. Friedberg, David L. (INT) Ganz (2005). Whitman Publishing, LLC.
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Friedberg, David L. (INT) Ganz (2005). Whitman Publishing, LLC. Retrieved February 9, 2011.
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