1953 $2 Red Seal The United States Of America Jefferson Two Dollar Bill C Note

Description: This 1963 $2 Red Seal The United States Of America Jefferson Two Dollar Bill C Note is the exact item you will receive and has been certified Authentic by REM Fine Collectibles. Two-dollar bills are uncommon. According to Business Insider, 2-dollar bills account for less than 0.001% of all currency in circulation. Two-dollar bills are the rarest currently produced money in the United States, and only about 1.2 billion 2-dollar bills are in current circulation. That may sound like a lot, but when you compare it to the 11.7 billion 1-dollar bills in circulation, it takes on a new perspective. One of the reasons 2-dollar bills are so rare is that fewer of them were printed. No one wanted them. In fact, 2-dollar bills weren't even produced from 1970 through 1975 because of lack of demand. Another reason for the rarity of 2-dollar bills involves the economy and inflation. From the time of its original production in 1862, this bill has occupied a strange spot in the list of currency denominations. During the years of the Great Depression and prior, two dollars was a lot of money. Back in 1936, the average American made a starting wage of about 45 cents per hour, and many families didn't have two spare dollars to tie up in one bill. Later, as inflation took off, the difference between one dollar and two dollars shrank in comparison, making it feel kind of silly to have two bills so close together in value. The red seal on an old two dollar bill signifies that it is a United States Note rather than a Federal Reserve Note. United States Notes were issued directly by the U.S. government and were backed by the U.S. Treasury's holdings of gold and silver. If the serial number includes a star, it is a replacement bill and is rarer.

Price: 49 USD

Location: Beverly Hills, California

End Time: 2024-02-29T20:11:51.000Z

Shipping Cost: 0 USD