The two dollar bills They are highly valued in the numismatic market for the sole reason that their circulation is scarce. Now imagine how much it can cost if it has oddities, like printing errors. In this note, I tell you a case.
The two US dollar bill (US$2) is a current denomination of the US currency and, according to the US Currency Auctions (USCA) website, some of these bills are worth from a few dollars more and up to thousands.
The United States Government redesigns Federal Reserve notes primarily for security reasons: to anticipate counterfeiting threats and maintain low levels of counterfeiting. Because the US$2 bill is rarely counterfeited, the government has no plans to redesign this bill.
HOW MUCH IS THE US$2 BILL WITH A PRINTING FAILURE WORTH?
Eric Miller, a banknote and coin specialist, revealed on his TikTok account that a crooked $2 bill, which had the serial number printed in the wrong place, superimposed on the phrase “Washington DC,” can be worth much more. in the numismatic market.
“Be supposed to the serial number must be completely aligned between the phrase ‘Washington DC’ and the top edge”, he assured.
In cases like this, of printing errors, the copies could be sold for between US$47 and US$384. The expert recommended that in these cases, it is better to seek advice from the Professional Coin Grading Service (PCGS).
WHAT IS A 2 DOLLAR BILL LIKE?
The US 2 dollar bill, engraved by the Federal Reserve, has the following characteristics:
- Obverse– A portrait of Thomas Jefferson, the third president of the United States (1801-1809), appears.
- Reverse: Features an engraving of John Trumbull’s painting, “The Declaration of Independence.” Although the original painting portrays 47 men, space limitations determined that only 42 could appear on the bill.
HOW MANY US$2 BILLS ARE IN CIRCULATION?
According to the US Currency Education Program, as of 2017, there were an estimated around 1.2 billion of these notes in circulation with a face value of US$2.4 billion.
The Federal Reserve Bank’s cash offices distribute notes to the public through depository institutions, such as commercial banks, credit unions, and savings and loan associations. However, their value in the numismatic market makes these banknotes highly coveted.
