answersLogoWhite

0

According to several factual research studies the value of the 1976 two dollar bill is minimal at this time. The encyclopedia.com states that unless there is some misprint, ink error, misalignment, or something to make it rare there is no specific value. On Ebay selling March 1st , 2008 the highest bid was for around 11 dollars, but that bill was unique. Please find below some statisics about the two dollar bill: The perceived rarity of a $2 bill can be attributed to its low printing numbers that sharply dropped beginning in the late 1950s when the $2 bill was a United States Note and recently the sporadic printings of still relatively low numbers as a Federal Reserve Note. Lack of public knowledge of the $2 bill further contributes to its perceived rarity. This perceived rarity can lead to a greater tendency to hoard any $2 bills encountered and thus decrease their circulation. After United States currency was changed to its current size, the two-dollar bill, unlike other denominations, was only assigned to one class of currency, the United States Note. United States Notes had a legal statutory limit of $346,861,016. This was not a significant amount of money, even at the time. The bulk of this amount was assigned to the $5 United States Note. From 1929-1957 (from Series of 1928 to Series 1953), the $2 bill on average was printed in quantities of 50 million notes per series with only several variances to this number. From 1957 onwards, $2 bill production figures steadily decreased from 18 million notes in Series 1953A to just 3.2 million notes in its final printing, Series 1963A, which ended in 1966. By contrast, an average of 125 million per series of $5 United States Notes were printed from 1929-1957; the final Series 1963 printing of the $5 United States Note included 67.2 million notes. When the current note was first issued in 1976, it was met with general curiosity, and was seen as a collectible, not as a piece of regularly circulating currency, which the Treasury intended it to be. The main reason it failed to circulate was that businesses never really requested them as part of their normal operations to give back out in change. This failure is linked to the gradual disappearance of the former $2 United States Notes. Supplies of the Series 1976 $2 bill were allowed to dwindle until August 1996 when another series finally began to be printed; this series, however, was only printed for the Federal Reserve Bank of Atlanta. Once again, in October 2003, the $2 bill was printed for only the Federal Reserve Bank of Minneapolis after supplies dwindled . A Series 2003A was also issued starting in 2006, with larger numbers and for multiple Federal Reserve Banks, due to an increase in demand for supplies of the note. Today, there is a common misconception that the $2 bill is no longer in circulation. According to the Treasury, they "receive many letters asking why the $2 bill is no longer in circulation".[1] In response, the Treasury states: "The $2 bill remains one of our circulating currency denominations. According to B.E.P. statistics, 590,720,000 Series 1976 $2 bills were printed and as of February 28, 1999, there was $1,166,091,458 worth of $2 bills in circulation worldwide." However, "in circulation" does not necessarily mean that the notes are actively circulated, only that this is the amount that hasn't been redeemed for shredding. The Treasury states that the best way for the $2 bill to circulate is if businesses use them as they would any other denomination. The most significant evidence of the $2 bill's reawakening would be that, in 2005 alone, 61 million $2 bills were printed by the U.S. Bureau of Engraving and Printing. This is more than twice the number of $2 bills that were printed annually between 1990 and 2001. Many banks stocking $2 bills will not use them except upon specific request by the customer, and even then, may cause a delay with a trip to the vault. Another factor in the bill's rarity is the outright refusal of some commercial banks to reorder them at all.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

What is Value on one dollar bill star note?

Value of 1963 one dollar star note


I need note of the bill of entry?

What is a 1976 2 dollar bill with a star worth


What is the value of a 1976 US 2 dollar bill with a star?

A 1976 US $2 bill with a star on it typically has a slight premium over face value to collectors, ranging from $5 to $20 depending on its condition and rarity. It's best to have it assessed by a professional currency appraiser for an accurate valuation.


How much is a twenty dollar bill with a star on it worth?

A twenty dollar bill with a star on it can be worth different amounts depending on the date. A 1914 twenty dollar bill with a star on it is worth 1000 dollars.


Why is there a star on your 1976 2 dollar bill?

It means that the original bill was destroyed so they made another one and put a star beside it.


How much are 2 dollar bills worth if they have a star?

A 2 dollar bill with a star symbol on it will typically have a higher value to collectors than a regular 2 dollar bill. The value can vary depending on the condition of the bill and the demand from collectors, but it can be worth more than face value.


Does the star on the dollar bill make it worth more money?

No, the star at the end of the serial number on a dollar bill indicates that it is a replacement note. These bills are issued to replace damaged or misprinted currency and do not affect the value of the bill.


How much is a dollar bill worth that has a star?

A dollar bill with a star next to the serial number is called a "replacement note." Its value is the same as a regular dollar bill - $1. However, some collectors may be willing to pay a bit more for these unusual bills.


What is the value of a 2004 US 50 dollar bill with a star?

"Star notes" can be worth a small premium over a standard bill's value. Depending on condition it might retail for $55 to $60.


What is the value of a US 2 dollar bill with a star?

The value of a star note is usually somewhat higher than that of a "regular" bill, but the extra value depends very much on the bill's date and condition. If it's a modern (1976 or later) $2 bill, regular-issue ones are only worth face value so a circulated star (replacement) note will only be worth 50¢ to a dollar more. A nice uncirculated one could bring around $4. If the bill is older please post a new question with its date and what letter if any is after the date. You don't need to copy the entire serial number.


What is the value of a 2009 A US 100 dollar bill with a star?

It's still worth $100.


Where is the star located on the 1976 two dollar bill?

Star notes are only printed to replace bills damaged during production, so most bills of any denomination won't have a star. If a bill does have one, it replaces the letter at the end of the bill's serial number.