What EVERY $2 bill is worth
TLDRThis video dispels the myth that all $2 bills are rare, explaining that while modern $2 notes aren't particularly valuable, certain older versions can be worth much more. The video highlights four key factors that affect a bill's value: its year, condition, printing errors, and serial number. Notably, bills with red seals, unusual serial numbers, or printing errors can fetch higher prices. The video provides a detailed overview of valuable $2 bills, spanning from 1862 to 1976, and offers insights into currency grading, with examples of bills worth up to $11,500.
Takeaways
- 💵 $2 bills are not rare and are still being printed, with the latest run in 2021.
- 📈 The value of a $2 bill depends on four factors: year, condition, printing errors, and serial number.
- 🔍 Uncirculated bills without folds or creases can receive high grades from currency grading companies like PCGS.
- 🏆 Bills with high grades (63 or higher) can be worth twice their face value or more.
- 🌟 Printing errors, such as gutter folds or overprints, can significantly increase a bill's value, sometimes reaching thousands of dollars.
- 🔢 Unique serial numbers, like those under 100 or with repeating digits, can add value to a $2 bill.
- 📜 Pre-1976 $2 bills generally have value, with the oldest red seal bills being particularly sought after.
- 🚢 The 1918 $2 note with a battleship on the back is highly requested and can be worth up to $3,000.
- 🏫 The 1896 Educational Series bill, featuring a teacher and students, is considered racy for its time and can range in value from $575 to $4,500.
- 🏦 The 1891 Silver Certificate and Treasury Coin notes are rare and can be worth $300 or more, even with lower grades.
- 🌈 The 1869 Rainbow Series bill, identifiable by its varying color tints, is worth about $5,500 in top condition.
Q & A
Why are $2 bills not considered rare despite some people's belief?
-$2 bills are not considered rare because they are still being printed, with the latest run in 2021. The perception of rarity might stem from their less frequent circulation compared to other denominations, but their continued production negates true rarity.
What are the four factors that can make a two dollar bill worth more than its face value?
-The four factors that can increase the value of a $2 bill are the year it was printed, its condition, the presence of any printing errors, and its serial number.
How does the condition of a $2 bill affect its value?
-The condition of a $2 bill significantly affects its value. Uncirculated bills with no folds or creases can receive high grades from currency grading services like PCGS, which increases their value. The Sheldon Scale, ranging from 1 (very poor condition) to 70 (perfect), is used to grade the bills, with higher grades corresponding to greater value.
What is the Sheldon Scale and how is it used in grading currency?
-The Sheldon Scale is a numerical grading system used to assess the condition of currency. It ranges from 1, indicating very poor condition, to 70, representing a perfectly preserved note. The scale helps determine the added value of a bill based on its state, with no folds, corner bends, or hard crinkles being desirable for a high grade.
How do printing errors on a $2 bill contribute to its value?
-Printing errors, such as a gutter fold, overprint, or upside-down serial numbers, can significantly increase the value of a $2 bill. These errors are rare and often sought after by collectors, making the bills with such mistakes worth hundreds or even thousands of dollars.
What makes a serial number on a $2 bill valuable?
-A serial number can add value to a $2 bill if it's unique or visually appealing, such as a number under 100, a repeater (where the first four digits match the last four), or if it has a star symbol. These special serial numbers are attractive to collectors and can increase the bill's value.
What is the value of a 1928 series $2 bill with red seals and serial numbers?
-A 1928 series $2 bill with red seals and serial numbers can be worth between $12 and over $1,000, depending on its condition and the specific series (1928A through 1928G). The value is influenced by factors like the bill's grade and the rarity of the series.
How valuable is an 1899 $2 Silver Certificate featuring George Washington?
-The 1899 $2 Silver Certificate featuring George Washington, often referred to as the 'mini porthole,' has a value ranging from about $185 for lower grades to over $1,200 for uncirculated bills with a grade of 63 or higher.
What makes the 1918 $2 note special and how much can it be worth?
-The 1918 $2 note is special because of its depiction of a battleship on the back, making it highly sought after by collectors. Its value ranges from around $300 for a bill in the $300 range to as much as $3,000 for a very rare and well-preserved example.
What is the significance of the 1862 Legal Tender note, the first Federally-issued $2 bill?
-The 1862 Legal Tender note is significant as it is the first Federally-issued $2 bill. It features a unique design with a 1, a 2, and a 3 in a circle, representing the denominations of the bills. In very good condition, these notes can be worth about $2,000, but even lower-grade examples can fetch around $780.
What should one look for in a $2 bill to potentially increase its value?
-To potentially increase the value of a $2 bill, one should look for red seal notes, bills in pristine condition, any printing errors, and unique or visually appealing serial numbers. Checking for these features can lead to discovering a bill with added collectible and monetary value.
Where can one find information on $2 bills with unique serial numbers or printing errors?
-For more information on $2 bills with unique serial numbers or printing errors, one can refer to the video mentioned in the script or consult currency grading companies and guides like the 'A Guidebook of United States Paper Money' for detailed insights and valuations.
Outlines
💵 Debunking the Rarity of $2 Bills
This paragraph discusses the common misconception that $2 bills are rare and valuable. It clarifies that $2 bills are still in circulation, with the latest run in 2021, and that even bicentennial bills from 1976 typically hold no more than face value. The paragraph then introduces the factors that can make a $2 bill valuable: year of issue, condition, printing errors, and serial number. It explains the grading system used by PCGS and the significance of the Sheldon Scale, as well as the impact of margin evenness on a bill's grade. The value of recent issues and older bills, particularly those from 1976 with specific conditions, is also discussed.
🏦 Historical $2 Bills and Their Value
The second paragraph delves into the historical value of $2 bills, particularly those issued before 1976. It highlights the importance of the red seal and serial number on older bills, with the 1928 series being particularly valuable. The paragraph provides a range of values for various years and conditions, from the 1918 battleship note, which is highly sought after, to the 1899 Silver Certificate featuring George Washington. It also touches on the significance of the Educational Series, the rarity of 1896 Silver Certificates, and the high value of 1891 Treasury Coin notes and Silver Certificates. The paragraph concludes with the mention of the Lazy Two from 1875, the 1869 Rainbow Series, and the first Federally-issued $2 bill from 1862, emphasizing the potential high value of these historical notes in good condition.
Mindmap
Keywords
💡Two Dollar Bill
💡Condition
💡Printing Errors
💡Serial Number
💡Red Seals
💡Guidebook of United States Paper Money
💡Battleship Note
💡Silver Certificate
💡Lazy Two
💡Rainbow Series
💡Heritage Auctions
Highlights
$2 bills are not rare and are still being printed, with the latest run in 2021.
Bicentennial $2 bills from 1976 hold no extra value unless sold on platforms like eBay.
Four factors determine a $2 bill's value: year, condition, printing errors, and serial number.
Uncirculated bills without folds or creases may receive a high grade and added value.
Bills with printing errors, such as gutter folds or overprints, can be worth hundreds to thousands of dollars.
Unique serial numbers, like those under 100 or repeaters, can increase a bill's value.
Pre-1976 $2 bills have value, with the oldest red seal bills being particularly valuable.
1928 series $2 bills, especially those in higher grades, can fetch between $12 and over $1,000.
1953 and 1963 $2 bills can net between $9 and $23 each, depending on condition.
The 1918 $2 note is special and valuable due to its battleship design and rarity.
1899 $2 Silver Certificates featuring George Washington have a value of about $185 and up.
1896 Educational Series $2 bills, featuring a teacher and students, can range from $575 to $4,500.
1891 Treasury Coin notes, backed by coins at the Treasury Department, can be worth over $3,000 in top condition.
1886 $2 Silver Certificates can be worth over three grand in high grades.
The Lazy Two, a 1875 series with a sideways 2, can be worth up to $11,500 in prime condition.
1869 Rainbow Series $2 bills are worth about $5,500 in top condition due to their unique color tint.
The first Federally-issued $2 bill from 1862 can be worth around $2,000 in better condition.
Transcripts
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