How Much is a Two Dollar Bill Worth?
Shrouded with mystery and sometimes met with utter disbelief, the two dollar bill is quite possibly the most unique paper note currently circulating the United States. With an obverse portrait of Thomas Jefferson and a reverse depiction of the signing of the Declaration of Independence, two dollar bills are actually very pleasing to the eye. Unfortunately, its long running unpopularity results in very little usage in circulation today. This low rate of circulation inevitably results in misinformed beliefs that the bills are somehow rare or that they bring bad luck. While I can't vouch for their bringing of bad luck, I will say that there's no use in hoarding them because the two dollar bill value is simply that, two bucks! Well, for the most part that is... Keep reading to discover the history of this unique paper note and to uncover the actual answer to "How much is a 2 dollar bill worth"?
History of the Two Dollar Bill:
- Before printed money was standardized and produced at a specific size, the two dollar bill spent its early life in the form of many different large note designs. The oldest of these large note variations dates back to 1862.
- New legislation set forth in 1929 declared a standard printing size for paper money in the United States. At this time, the two dollar bill was converted to a smaller size. The modified notes were printed with red seals, an obverse portrait of Thomas Jefferson and a rendition of his home, Monticello, on the reverse of each bill. The red seals found on these two dollar bills indicates that they were United States Notes.
- As a United States Note, the Two Dollar Bill was printed in three different series, dating 1928, 1953 and 1963. The Two Dollar Bill was later discontinued in 1966 due to its unpopularity as an available circulation note.
- For ten years the 2 Dollar Bill remained discontinued. It was later reintroduced in 1976 as a Federal Reserve Note. As such, the seal was changed from red to green. This signified that the bill was no longer a United States bill. While the Thomas Jefferson obverse remained the same, the reverse of the bill was changed to its current Declaration of Independence illustration.
Value of Two Dollar Bills:
Since the 1976-Present Two dollar Bills are still legal circulation tender, they are worth a whopping $2. Although it may seem like you’ve stumbled on an eye appealing treasure, the truth of the matter is it's not valuable and should be spent like any other paper money. There’s no need to hoard or collect a bunch of 1976-Present Two Dollar Bills.
If on the other hand, you find yourself with a Red Seal Two Dollar Bill, it might be worth tucking away. The Red Seal Two Dollar bills from 1928-1966 won’t make you a millionaire by any means, but they do contain more value than their current counterparts. Here’s a complete 2 Dollar Bill Value list for specimens in crisp Uncirculated Condition.
- 1928– Red Seal. Valued $10-20
- 1953 – Red Seal. Valued at $4-6
- 1963 – Red Seal. Valued at $4-6
- 1976-Present – Valued at $2
Overall, most Two Dollar bills are perfect for spending like regular cash. In fact, many people find them easier to use than the standard One Dollar Bill. Maybe if enough people start spending these cool dollars, they’ll gain the popularity and we’ll start to see them in circulation more frequently, hopefully eliminating the urban legends that surround them. Thanks for reading, How much is a 2 Dollar Bill Worth.
2 Dollar Bill Fun Fact -
Since Two Dollar Bills are so lightly circulated, they have an average life span of 6 years. This is compared to its One Dollar counterpart, which only lasts an average of 10 months!
If you've enjoyed my article on how much is a two dollar bill worth, I invite you to take a look at my other great articles. I'll admit, beyond two dollar bill values, I'm not really one for paper money. What I am knowledgeable about is coins, so you'll find a whole mess of articles on America's past and present coinage!