Your $2 Bills Could Now Be Worth Thousands In Wisconsin

According to the Department of the Treasury, while not commonly seen in circulation, the $2 is still legal currency in the United States. In all, there have been six different currency types with a $2 note.

The first $2 notes were issued by the federal government in 1862 and featured a portrait of the first Secretary of the Treasury, Alexander Hamilton (1789-1795). The first use of Thomas Jefferson's portrait on $2 notes was on Series 1869 United States Notes.

Production continued until 1966, when United States Notes were phased out. The $2 denomination was then discontinued until 1976, when it was reissued as a Federal Reserve Note, with a new reverse design.

Today, $2 bills are still being printed in the United States, though in smaller quantities, and if you happen to come across one, or have some stashed away, you'll want to take a closer look at them because they could be worth significantly more than face value.

Which $2 Bills Are The Most Valuable?

According to Bank Rate, while most $2 bills do not exceed face value, there are certain editions that are worth significantly more due to their rarity, historical significance, or printing errors.

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Here are $2 bills to keep an eye out for:

• 1862 and 1869 legal tender notes: The earliest $2 bills, issued in 1862 and 1869, feature a portrait of Alexander Hamilton (who was later replaced by Thomas Jefferson). These notes are in high demand by collectors because of their historical importance and limited availability. Depending on the condition, these bills can be worth anywhere from a few hundred dollars to a few thousand. L
• 1890 $2 Treasury Note: According to U.S. currency auctions, a 1890 $2 Treasury Note featuring General James McPherson is worth upwards of $4,500. It can even fetch tens of thousands of dollars at auction, especially if it’s in perfect condition.
• 1928 red seal notes: The 1928 $2 bill was the first to feature Thomas Jefferson’s home, Monticello. Unlike later editions, it displayed a red seal rather than a green one. Collectors favor these notes because they were part of the earliest modern $2 bill series. Circulated bills can fetch $5 to $175, but uncirculated bills in pristine condition can be worth several hundred dollars to over $1,000!
• 1953 and 1963 red seal notes: While not as valuable as older versions, these bills are still collectible. Depending on their condition, they can range from $5 to about $20.
• 1976 bicentennial $2 bills (with special serial numbers or stamps): The 1976 $2 bill was released to celebrate the U.S. bicentennial, and while most of them are only worth face value, some with special serial numbers, misprints, stamps, or star notes can be worth $20 to $900. NOTE: The rarest $2 bill from this year is known as a ladder note, which means its serial number is 12345678. These notes can be worth thousands of dollars at auctions.

If you have a $2 bill that you believe is valuable, there is a free and easy way to find the potential value of your $2 bill or any other collectible banknote.

Just visit Heritage Auctions online, and you can upload images of your currency. They will then provide a free appraisal.

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