Long overshadowed by the widely used $1 bill, the $2 note has often been dismissed or misunderstood. Many assume it is rare, no longer printed, or even out of circulation. However, according to the Federal Reserve, 1.6 billion $2 bills were in circulation in 2023. That’s a small figure compared to 14.5 billion $1 bills or 11.2 billion $20 bills.
A Rare but Growing Presence
Once largely overlooked, the $2 bill has gained some traction over the past two decades. In 2004, only 0.07 billion were in circulation, making up a tiny fraction of the $24.2 billion in U.S. currency at the time.
The Bureau of Engraving and Printing (BEP) notes that $2 bills have historically been unpopular, often seen as unlucky or impractical for transactions. Some superstitious individuals even tore off the corners in an attempt to break the so-called curse, rendering them mutilated and unfit for reissue.
A 1925 New York Times article described the superstition, stating, “He who sits in a game of chance with a two-dollar bill in his pocket is thought to be saddled with a jinx.”
The bill even became the subject of a documentary, The Two Dollar Bill (2015), which explores its history and the myths surrounding it.
The History of the $2 Bill
The first official $2 bill was issued in 1862, featuring a portrait of Alexander Hamilton. In 1869, the design changed to include Thomas Jefferson’s image, which remains to this day. The reverse side originally depicted Monticello, Jefferson’s Virginia estate, before being replaced with a vignette of the signing of the Declaration of Independence.
Some $2 Bills Are Worth Thousands
Though every $2 bill is at least worth its face value, certain editions could fetch thousands of dollars.
To determine whether you own a valuable note, check the year and seal color.
Bills from 1862 to 1896 with red, brown, or blue seals can be worth up to $5,000 if uncirculated. Even used notes from this period can still sell for around $1,100.
Bills from 1917 to 1928 with red or blue seals typically range from $50 to $1,000, depending on condition.
Collectors evaluate $2 bills based on factors like printing methods, location, and serial numbers. Some notes with unique “fancy serial numbers” can be worth as much as $6,000.
Do you have a rare $2 bill? Let us know your thoughts, and don’t forget to share this story with your friends!
