If you’re lucky your $2 bill could be worth $20,000.
According to U.S. Currency Auctions, some versions of the $2 bill are valued at nearly $5,000.
Beginning in 1862, the federal government printed $2 bills featuring an image of Alexander Hamilton on the front. The $2 bill did not feature Thomas Jefferson’s image until 1869, according to the Bureau of Engraving and Printing. Since then, six distinct designs have been applied on $2 bills.
One of the biggest auction companies in the world, Heritage Auctions, claims that the value of some uncirculated U.S. $2 bills might reach $20,000. However, this value is dependent on a few other criteria. And you might have one in the rubbish drawer in your kitchen or the back of your wallet.
Why? Because many of us are obsessed with holding onto these particular banknotes.
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A $2 currency note minted in 2003 last July sold online for $2,400 on Heritage Auctions. The same bill sold again for $4,000 roughly two weeks later. Other $2 notes from 2003 have fetched prices in the hundreds of dollars and higher.
“Americans believe $2 notes are extremely rare, therefore they don’t spend them. Dustin Johnston, vice president of Heritage Auctions, told MarketWatch, “But the numbers tell us a different story.” “They have printed 100 million $2 bills in the previous five years alone. A little strange about them is that they are retained as souvenirs and do not circulate. There aren’t many of them with collector or numismatic value.”
Given the quantity of $2 bills, the likelihood is that the face value of your own two-dollar legal currency is approximately $2. However, there’s no harm in seeing if it’s worth more, right?
What is my $2 bill worth?
So what sets apart the $2 bills that may have significant value? It all comes down to three key factors: The serial numbers, when the bank notes were printed and their condition.
The $2 bill has been in circulation since 1862, with six different types created over the years, according to the Department of Treasury.
To find the value of your $2 bill, look at the year and seal color. Bills with red, brown and blue seals from 1862 through 1917 can be worth up to $1,000 or more on the U.S. Currency Auctions website, which bases the value on recent and past paper currency auctions.
From 1995, according to the site, a set of 12 notes in their original packaging are worth $500 or more. You can find the value of your $2 bill by visiting their U.S. currency price guide online at uscurrencyauctions.com.
