United states two-dollar bill – wikipedia gas efficient suv 2014


Throughout the $2 bill’s pre-1929 life as a large-sized note, it was issued as a United States Note, National Bank Note, silver certificate, Treasury or Coin Note and Federal Reserve Bank Note. When U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. Production went on until 1966, when the series was discontinued. Ten years passed before the $2 bill was reissued as a Federal Reserve Note with a new reverse design that commemorated the United States Declaration of Independence.

As a result of banking policies with businesses which have resulted in low production numbers due to lack of demand, two-dollar bills do not circulate as well as other denominations of U.S. currency. This comparative scarcity in circulation, coupled with a lack of public knowledge that the bill is still in production and circulation, has also inspired urban legends about its authenticity and value and has occasionally created problems for those trying to use the bill to make purchases.

The denomination of two dollars was authorized under a congressional act, and first issued in March 1862. [2] The denomination was continuously used until 1966; by this power outage houston reliant time the United States Note was the only remaining class of U.S. currency the two-dollar bill was assigned to. In August 1966, the Treasury Department discontinued production of all denominations of United States Notes, which grade 9 electricity review included the two-dollar bill. [3] The two-dollar denomination was not immediately reassigned to the Federal Reserve Note class of United States currency and was thus fully discontinued; the Treasury cited the two-dollar note’s low use as the reason for not immediately resuming use of the denomination. In 1976, production of the two-dollar denomination was resumed and the two-dollar bill was finally assigned as a Federal Reserve Note, with a new reverse design featuring John Trumbull’s depiction of the drafting of the United States Declaration of Independence replacing the previous design of Monticello. It has remained a current denomination since that time. [4] It was estimated that if two-dollar notes replaced approximately half of the one-dollar notes in circulation, the federal government would be able to save about $26 million in 1976 dollars ($114 million adjusted for inflation) [5] over the period from 1976 to 1981, due to reduced production, storage, and shipping costs. [6]

However, due to their limited use, two-dollar notes are not printed as frequently in a new series as other denominations, which are produced according to demand. [7] Most bill gas definition state of matter acceptors found in vending machines, self checkout lanes, transit systems and other automated kiosks are configured to accommodate two-dollar bills, even if the fact is not stated on the label. [8] Although they are generally available at most banks, two-dollar notes are usually not handed out except upon specific request by the customer, and may cause a delay with a trip to the vault. [9] Rarity [ edit ]

Printing $2 bills is twice as cost-effective for the government as printing $1 bills, since they both cost the same amount (around five cents) to manufacture, but the public has not circulated them as widely. During the Great Depression, few Americans had enough money to require $2 bills. In the middle of the 20th century, $2 bills were often used for betting on horse racing, tips at strip clubs and for bribery when politicians wanted votes (though this is most likely urban legend), and so acquired a negative reputation. Servicemen during World War II and later, were frequently paid with $2 bills, and the notes often saw use at canteens, post exchanges USO clubs and commissaries. [10] Many people erroneously believe that the 1976 series note with gas tax in texas its unusual reverse design was a special, limited issue, produced for the United States Bicentennial; This, combined with the earlier discontinuation of the denomination, gave the impression these notes might be valuable as collector’s items, and contributed to hoarding. Today, the general public is still largely unfamiliar with the notes because they are not widely circulated and continue to be frequently hoarded. [11]

There remains a common misconception that the $2 bill is no longer being produced, [12] though bills have been printed with series dates of 1976, 1995, 2003, 2003A, 2009, and 2013. A series changes when there is a redesign of the bill or changes in signatory; Secretary of the Treasury or Treasurer of the United States. The U.S. treasury reports that $1,549,052,714 worth of $2 bills were in circulation worldwide as of April 30, 2007. [12]

Things such as unusual serial numbers (example: A11111111A), and replacement notes designated by a star in the serial number can raise the collector value. Collectible or enhanced two-dollar bills, commemorating America’s national parks and other places and events, have been made and sold by coin dealers and others in recent years merely by adding color, special graphics or color printed plastic overlays onto regular issue two-dollar bills by using computer printers. The creators and marketers gas upper stomach of some of these bills unscrupulously imply that they are authorized or issued by the federal government; however, these collectible or enhanced two-dollar bills are not authorized by the Bureau of Engraving and Printing (BEP) nor any other government agency and are not worth anything more than their $2 face value on the collectors’ market. [13]

Certain conventions and tourism/convention bureaus capitalize on the scarcity of $2 bills in circulation, encouraging convention attendees and tourists to spend $2 bills in order to illustrate to the host communities the economic impact that the conventions and tourism bring. Sometimes known as SpendTom campaigns, the $2 bills linger in the community as a constant reminder. Some campaigns encourage people to participate in a hunt for the bills in order to win prizes. [14] History [ edit ] Large-sized notes [ edit ]

On April 13, 1976, the Treasury Department reintroduced the $2 note as a cost-saving measure. [24] Series 1976 $2 bills were redesigned and issued as a Federal Reserve Note. The note retains the same portrait of Jefferson, and the basic design of the obverse remains unchanged since 1928. The treasury seal and serial numbers are printed in green ink, replacing the red used on the previous United States Note. Since the reissue of the note coincided with the United States Bicentennial, it was decided to use a bicentennial-themed design on the reverse, though the bill was not issued specifically to celebrate the bicenntenial. An engraved rendition (not an exact reproduction) of John Trumbull’s Declaration of Independence replaced Monticello on the reverse. First-day issues of the gas x directions new $2 bills could be taken to a post office and stamped with the date APR 13 1976. In all, 590,720,000 notes from Series 1976 were printed.

Despite their age, crisp, uncirculated series 1976 $2 notes are not uncommon and are not particularly valuable. More than half a billion of these notes were printed and a large number of them were saved and hoarded upon their original issue. A typical single uncirculated 1976 $2 bill is worth only slightly above face value. If the note is circulated, then it is only worth its $2 face value.

In 1996 and 1997, 153,600,000 bills were printed [25] as Series 1995 for the Federal Reserve District of Atlanta. In 2004, 121,600,000 of the Series 2003 bills were printed for the Minneapolis Federal Reserve Bank. An issue of Series 2003A $2 bills was printed from July to September 2006 for all twelve Federal Reserve Banks. In all, 220,800,000 notes were printed. [26]

Over five million $2 bills are entered into the database of the American currency-tracking website Where’s George?. [34] Because $2 bills are uncommon in daily use, their use can make a particular group of spenders visible. A documented case of using two-dollar bills to send a message to a community is the case of Geneva Steel and the communities in the surrounding Utah gas 76 station County. In 1989, Geneva Steel paid its employee bonuses in $2 bills. When the bills began to appear in different places, people recognized the importance of the company to the local economy. [35]

Use of the two-dollar bill is also being suggested by some gun rights activists to show support for Second Amendment rights, particularly at stores that allow open carry or concealed carry of weapons on their premises. [36] Two-dollar notes have also seen increased usage in situations where tipping is encouraged, especially in gentlemen’s clubs. This is due to the idea that tips will increase because of the ease of use of a single, higher-denomination bill as the lowest common note in use. [37]

The use of the two-dollar bill is popular among fans and alumni of Clemson University, who often bring notes with them when traveling to university athletic events in other localities as a demonstration of their economic impact in an area. The idea was first popularized in 1977 when Georgia Tech had threatened no longer to play the Tigers in football and has gas in oil causes since caught on as a token of fandom when traveling to other locations. Fans will often stamp an orange tiger paw (Clemson’s logo) on the note as a sign of its origin. [38]

In 2016, a 13-year-old girl in Texas was detained by police at Fort Bend Independent School District’s Christa McAuliffe Middle School and prevented from eating lunch that day for attempting to use an old $2 bill to pay for her lunch in the school cafeteria. The bill, from 1953, was so old that the school’s counterfeit pen did not work on it. [40] Uncut currency sheets [ edit ]