![]() ![]() The Treasury cited the two-dollar note's low use as the reason for not immediately resuming use of the denomination. While the $5 denomination had been issued simultaneously as a Federal Reserve Note, a United States Note and a silver certificate, the $2 denomination was not immediately reassigned to the Federal Reserve Note class of United States currency and was thus fully discontinued. In August 1966, the Treasury Department discontinued production of the $2 and $5 denominations of United States Notes. currency the two-dollar bill was assigned to. The denomination was continuously used until 1966 by this time the United States Note was the only remaining class of U.S. The denomination of two dollars was authorized under a congressional act, and first issued in March 1862. The apparent scarcity of the $2 bill, in spite of its production figures, also means that large numbers of the notes are taken out of circulation and collected by many people who believe the bill to be rarer than it actually is. This comparative scarcity in circulation, coupled with a lack of public knowledge that the bill is still in production and circulation, has also inspired urban legends about its authenticity and value and has occasionally created problems for those trying to use the bill to make purchases. Production continued until 1966, when United States Notes were phased out and the $2 denomination discontinued until 1976 when it was reissued as a Federal Reserve Note with a new reverse design.Īs a result of banking policies with businesses that have resulted in low production numbers due to lack of use, two-dollar bills do not circulate as well as other denominations of U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. Throughout the $2 bill's pre-1929 life as a large-sized note, it was issued as a United States Note, National Bank Note, silver certificate, Treasury or "Coin" Note and Federal Reserve Bank Note. 1818 painting Declaration of Independence by John Trumbull. The reverse features an engraving of the c. A portrait of Thomas Jefferson, the third president of the United States (1801–1809), is featured on the obverse of the note. The United States two-dollar bill ($2) is a current denomination of United States currency. JSTOR ( November 2018) ( Learn how and when to remove this template message)ġ976–Present ( Federal Reserve Note, current form).Unsourced material may be challenged and removed.įind sources: "United States two-dollar bill" – news Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification. ![]()
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