$2 Bill Value. $2 Bills Worth Worth Money List.

The $2 bill, often the subject of curiosity and urban myths, holds a unique place in U.S. currency. While it's not as commonly seen in everyday transactions as other denominations, the $2 bill is still very much in circulation and produced by the United States Treasury. The value of a $2 bill is typically its face value—two dollars—when used for purchases. However, certain factors can elevate the worth of a $2 bill significantly, especially in the eyes of collectors. Continue reading to learn more about  how much are 2 dollar bills worth.

How much are 2 dollar bills worth?

The value of a $2 bill largely depends on its series, condition, and unique features like serial numbers or errors. Here’s a general breakdown:

• Circulated modern $2 bills (post-1976): Typically worth face value ($2) to $5.
• Uncirculated modern $2 bills: Often range from $5 to $20.
• Older $2 bills (e.g., 1928, 1953, 1963 Red Seal): Worth between $10 and $300 depending on condition and rarity.
• Rare serial numbers, star notes, or misprints: These can significantly increase the value, sometimes reaching $100 or more.

Collectors often pay more for uncirculated bills, star notes, and those with low or unique serial numbers.

History of $2 Bill

The first $2 bill was issued in 1862 during the Civil War as part of the first series of United States paper currency. It featured a portrait of Alexander Hamilton, the first U.S. Secretary of the Treasury, on the front. This early version was known as a Legal Tender Note and was one of the original denominations introduced by the federal government to address the economic strains of the war.

The $2 bill has, at times, been associated with illegal activities, mainly due to its uncommon circulation and the perception that it was used in gambling, bribery, or shady transactions. In the early to mid-20th century, the $2 bill was often used at racetracks for placing bets, which led to its association with gambling. This connection caused some to view the bill suspiciously, linking it to illegal gambling rings or other under-the-table dealings.

In addition, the $2 bill’s rarity made it a preferred currency for bribery, particularly during political elections when people would exchange it in small, inconspicuous payments. The stigma surrounding the $2 bill's role in these questionable activities further discouraged its use in everyday transactions.

Despite these associations, the $2 bill is simply a valid piece of U.S. currency with an undeserved reputation. Today, collectors view it as a unique part of American history, with much of the old stigma fading away over time.

Unissued Bills

Unissued bills are banknotes that were printed but never officially circulated or distributed for public use. These bills remain in pristine, uncirculated condition, making them highly sought after by collectors. Unissued $2 bills, especially those from older series or with unique features such as star notes or rare serial numbers, can command higher prices in the collectibles market due to their rarity and exceptional condition. Collectors prize these bills for their historical significance and the fact that they have never been handled, increasing their appeal and value.

Early Federal Currency and the Greenback (1861-1929)

The first official  U.S. paper currency was issued by the federal government in 1861 to finance the Civil War. These notes were called "Demand Notes," and later "United States Notes" or "Legal Tender Notes." The nickname "greenback," derived from their green color, is still used today to refer to U.S. currency. The National Banking Act of 1863 established a system of national banks and eventually led to the creation of a uniform national currency.

The United States began printing $2 bills as part of its first issuance of paper money in 1862.  The design and form of the $2 bill have undergone several changes since its initial introduction, with modifications in its design, security features, and the type of paper used. The $2 bill has been issued in different series over the years and continues to be a part of U.S. currency, albeit not commonly used in daily transactions.

The 1976 reintroduction of the $2 bill was a significant event in U.S. currency history, primarily linked to the celebration of the country’s Bicentennial. Originally, the $2 bill was first issued in 1862 but was discontinued in 1966 due to low demand. Its reintroduction in 1976 was meant to reduce the reliance on $1 bills and commemorate the 200th anniversary of the Declaration of Independence.

Significance of the 1976 $2 Bill

The new design of the 1976 $2 bill featured Thomas Jefferson on the front, as before, but the reverse side now showcased John Trumbull’s painting of the signing of the Declaration of Independence. This iconic image made the bill a collector's item, marking a historical moment and aligning with the patriotic spirit of the Bicentennial.

The 1976 $2 bill remains the only modern U.S. note that was directly tied to a major historical event, boosting its collectibility.

"The Signing of the Declaration of Independence."

The $2 bill and its connection to the Declaration of Independence is rooted in the 1976 reintroduction of the bill as part of the U.S. Bicentennial celebration. The reverse of the 1976 $2 bill features a famous depiction of John Trumbull's painting, "The Signing of the Declaration of Independence."

1976 $2 Bills Price Growth Over Time

Upon release in 1976, most of the $2 bills circulated at their face value. However, over the years, their value has steadily grown, especially for uncirculated bills, star notes, and other rare variations:

• Late 1970s: Circulated bills were worth $2, while uncirculated examples or star notes could fetch up to $5.
• 1990s: By this time, uncirculated 1976 $2 bills were valued between $8 and $10, and star notes were climbing in price to around $20.
• 2000s: Collector interest in U.S. currency grew, with pristine uncirculated notes reaching $15 to $20. Star notes, especially in high grades, could sell for $50 or more.
• Today (2020s): Circulated bills are typically worth between $2 and $5, while uncirculated examples can range from $10 to $20 or more. Star notes, bicentennial stamped bills, and rare serial numbers have continued to appreciate, with some fetching $100 or higher depending on rarity and condition.

Certain $2 bills can sell for $4,500 or more in the collectibles market, according to the U.S. Currency Auctions (USCA) website. Most of the highly valuable bills were printed in the 19th century, but even those produced in the last 30 years can be worth hundreds of dollars—if they possess the right features.

Rarity of $2 Bills

Although $2 bills are still in circulation, they make up only about 1% of all U.S. currency, contributing to their novelty and collectibility. The rarest $2 bills—especially older series, star notes, and bills with unique features—can be worth significantly more than face value, particularly in the collectibles market. Over the last 30 years, the demand for rare $2 bills has steadily increased, with more appearing in U.S. currency auctions, often fetching prices far above their face value.

The rarity of $2 bills depends on their series, condition, serial numbers, and specific features like star notes or printing errors. While $2 bills are still printed today by the Federal Reserve, certain older or unique versions can be quite rare and valuable. Below are the key factors that contribute to their rarity and appeal to collectors.

1. Older Series

$2 bills from the 19th century are particularly sought after, with the first issuance in 1862. More recent yet still valuable examples come from the 1928, 1953, and 1963 Red Seal $2 Bills. These notes, part of the United States Note series, feature a red Treasury seal and are much rarer than the modern Federal Reserve issues. Depending on the condition, these older bills can range in value from $10 to $300 or more, depending on their scarcity and demand in the collectibles market.

2. 1976 Bicentennial $2 Bill

The 1976 reintroduction of the $2 bill was part of the U.S. Bicentennial celebration. It featured a new reverse design showcasing the signing of the Declaration of Independence. While these bills were initially common in circulation, uncirculated examples, star notes, and those with Bicentennial cancellation stamps have become rare collectibles over time. These bills have appreciated in value, and pristine versions can fetch a premium at currency auctions.

3. Star Notes

Star notes, which replace misprinted bills, are particularly rare and highly valued. These notes are identified by a small star symbol at the end of their serial number and are often printed in smaller quantities than regular bills. Star notes from the Federal Reserve are especially sought after by collectors, often commanding higher prices in both private sales and auctions.

4. Serial Numbers

$2 bills with distinctive serial numbers, such as low serial numbers (e.g., 00000001), repeating digits, or unique patterns like radar or ladder serial numbers, are highly prized by collectors. These rare serial numbers can significantly boost a bill's value, sometimes reaching prices well beyond typical market rates in auctions and private sales.

5. Printing Errors

Misprinted $2 bills are extremely rare and can fetch high prices among collectors. Examples of printing errors include misaligned serial numbers, double prints, or missing design features. Such bills are often sold in currency auctions, where their value can soar due to the novelty and scarcity of the errors.

6. Limited Printings

Some series of $2 bills were printed in very low quantities, making them rarer. Certain star notes or $2 bills issued from specific Federal Reserve Banks are particularly collectible due to their limited availability. The scarcity of these issues contributes to their increasing value over time, especially as interest in rare currency has grown over the past few decades.

Most Notable Examples

1. Star Notes: These are replacement bills for misprinted ones and are denoted by a star symbol in the serial number. Star notes from the 1976 $2 bill series are significantly rarer than regular notes, making them highly collectible.
2. Bicentennial Cancelled Stamps: Many 1976 $2 bills were stamped with a special postal cancellation mark to commemorate the exact day of the Bicentennial, April 13, 1976. These bills are worth more due to their historical context and limited availability.
3. Rare Serial Numbers: Collectors seek out bills with low serial numbers (like 00000001), repeating patterns, or those with unique digits, which add to the value.

What Determines the Value of a $2 Bill?

Several factors can influence the value of a $2 bill beyond its face value:

1. Age and Series: Older $2 bills, especially those printed before the current design was issued in 1976, may hold more value. The most common $2 bills are from the 1976 series, the first to feature the now-familiar portrait of Thomas Jefferson on the front and a depiction of the signing of the Declaration of Independence on the back.
2. Condition: Condition is crucial in determining the value of currency, including $2 bills. Bills in pristine, uncirculated condition with no folds, creases, or blemishes are often worth more than those that show signs of wear and tear.
3. Rarity and Printing Errors: Any unusual features, such as misprints, errors, or low serial numbers, can enhance a $2 bill's collectibility and value. For example, star notes (replacement notes marked with a star in the serial number) or bills with unique serial numbers (like ladder numbers) are particularly prized.
4. Commemorative Issues: Occasionally, $2 bills are printed for special commemorative issues, which might be more collectible and valued higher than regular issues.

Are There Any Particularly Valuable $2 Bills?

Yes, some $2 bills are especially valuable:

• Red Seal Bills (1928 - 1963): Before the current design, $2 bills featured red seals and were part of either the United States Note series or the earlier Legal Tender series. These bills, especially from the early 20th century or late 19th century, can be worth significantly more than their face value.
• Star Notes: These replacement notes are printed to replace a faulty one and are denoted by a star next to the serial number. Depending on the series and condition, some star notes can be rare and valuable.
• Error Notes: Any $2 bill with a printing error, such as a misalignment, ink smudge, or incorrect serial number, can be worth more to collectors.

How Can You Find Out How Much Your $2 Bill Is Worth?

If you have a $2 bill and are curious about its value, consider the following steps:

• Evaluate the condition: Is your bill crisp and clean without any fold marks, or is it worn and faded?
• Check the series and serial number: Look for any unusual characteristics or errors in the serial number.
• Consult a Professional: For an accurate assessment, consult with a numismatic expert or a reputable currency dealer. They can offer insights based on the most recent sales and auctions.

$2 dollar Bills Worth Money

$2 bills can sometimes fetch significant prices at auction, especially if they are rare, have historical significance, or possess unique features. Here’s a list of some of the most expensive $2 bills sold at auction:

1. 1976 $2 Bill with a Printing Error: A famous $2 bill from the 1976 series sold for over $25,000 due to a rare printing error. This bill was part of a sheet that was misprinted with an upside-down reverse.
2. 1890 $2 Treasury Note (or "Coin Note"): An 1890 $2 Treasury Note featuring General James McPherson can fetch tens of thousands of dollars at auction, particularly if in pristine condition. One such note in exceptionally high grade was sold for nearly $96,000.
3. 1891 $2 Silver Certificate: The 1891 $2 Silver Certificate, often called the "Windom Note" after Secretary of the Treasury William Windom, is highly prized among collectors. One in near-perfect condition sold at auction for around $50,000.
4. 1862 $2 Legal Tender Note: As one of the first $2 bills issued by the United States during the Civil War, these notes are extremely rare and sought after. A high-grade example of this note sold for around $40,000.
5. 1880 $2 Legal Tender Note: Known for its ornate design and historical significance, the 1880 $2 Legal Tender Note has fetched high prices at auctions, with well-preserved specimens selling for as much as $30,000.
6. 1928 $2 Star Note: Star notes are replacement notes issued when a fault is found during the printing of a bill. A 1928 $2 Star Note in exceptional condition can be highly valuable, with auction prices reaching up to $20,000.

FAQ

Who is on the 2 dollar bill?

The $2 bill features Thomas Jefferson on the obverse, or front side, of the bill. Jefferson, the third President of the United States and principal author of the Declaration of Independence, has been featured on the $2 bill since 1869. The reverse, or back side, of the current $2 bill, which was last redesigned in 1976, features a depiction of the signing of the Declaration of Independence, based on a painting by John Trumbull.

Which U.S. president is on the $1 bill?

George Washington, the first president of the United States, is featured on the $1 bill.

Who is on the $2 bill?

Thomas Jefferson, the third president of the United States, appears on the $2 bill.

Which president is depicted on the $5 bill?

Abraham Lincoln, the 16th president, is on the $5 bill.

Who appears on the $20 bill?

Andrew Jackson, the seventh president, is currently on the $20 bill.

Which U.S. president is on the $50 bill?

Ulysses S. Grant, the 18th president, is featured on the $50 bill.

Is any president on the $100 bill?

Benjamin Franklin, who was never a president but is one of the Founding Fathers of the United States, is featured on the $100 bill.

Are there any living presidents depicted on U.S. currency?

Current U.S. policy prohibits living persons from being depicted on currency, so no living president is featured on any regular issue of U.S. currency.

Why is Alexander Hamilton on currency if he was never a president?

Alexander Hamilton, featured on the $10 bill, was never president but was a key figure in the founding of the United States, serving as the first Secretary of the Treasury. His significant contributions to the country's financial system earned him this honor.

What criteria determine which presidents are featured on U.S. currency?

Decisions on whose likenesses appear on U.S. currency are typically made by the Secretary of the Treasury, often influenced by historical significance, popularity, and contributions to the country. Public opinion and historical context at the time of design changes also play roles.

What material are dollar bills made from?

U.S. dollar bills are not made from paper like typical stationery, but from a blend of 75% cotton and 25% linen. This material gives the bills a distinct texture and durability.

How long does a dollar bill last?

The average lifespan of a $1 dollar bill is about 6.6 years, after which it is usually taken out of circulation due to wear and tear.

What is the most expensive dollar bill ever sold?

One of the most expensive dollar bills ever sold is the 1890 Grand Watermelon Treasury Note, which fetched $3.29 million at auction due to its rarity and unique design features.

What security features do dollar bills have?

Modern U.S. dollar bills include several security features, such as a security thread, watermark, color-shifting ink, microprinting, and more to prevent counterfeiting.

Why is the $1 bill green?

The green color of the dollar bill has been used since the 1860s and was chosen because the green ink was both plentiful and durable. It also helped to deter counterfeiting at a time when photography was primarily black and white, which made duplicating the green ink difficult.

Are old dollar bills worth anything?

Some old dollar bills can be worth more than their face value, especially if they are rare, have unusual serial numbers, are in excellent condition, or have historical errors.

How can I tell if a dollar bill is real?

Authenticating a dollar bill involves checking for its security features, such as feeling the raised printing, looking for the security thread that glows under UV light, checking for the watermark, and verifying the color-shifting ink.

What happens to old and worn-out dollar bills?

Old and worn-out dollar bills are withdrawn from circulation by the Federal Reserve and shredded. In some cases, shredded bills are recycled and used in products like roofing shingles or are simply disposed of.

Learn more about:  mint mark on a penny, half dollars worth money, error coins, when they stopped making silver quarters.

*This information is for educational purposes only. Bullion Shark is not responsible for any factual errors that may be contained in this post. This information is not intended for investment purposes. Please consult and investment advisor before investing.