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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.
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This rarity can lead to a greater tendency to hoard any $2 bills encountered and thus decrease their circulation. Lack of public knowledge of the $2 bill further contributes to its rarity. The 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. Although they usually are not handed out arbitrarily, two-dollar bills can often be found at banks by request. Some vending machines accommodate it, and self-checkout lanes have been known to do so, even if the fact is not stated on the label. Though some cash registers accommodate it, its slot is often used for things like checks and rolls of coins. Today, two-dollar bills are not frequently reissued in a new series like other denominations which are printed according to demand two-dollar bills today are issued but are requested to be printed less often than the other denominations. It has remained a current denomination since then. In 1976 use of the two-dollar denomination was resumed as part of the United States bicentennial and the two-dollar bill was finally assigned as a Federal Reserve Note, with a new design on the back featuring John Trumbull's depiction of the drafting of the United States Declaration of Independence replacing the previous design of Monticello. The $2 bill initially was not reassigned to the Federal Reserve Note class of United States currency and was thus discontinued the Treasury Department cited the $2 bill's low use and unpopularity as the reason for not resuming use of the denomination. currency it was then assigned to, United States Notes, began to be discontinued. The denomination was continuously used until 1966 when the only class of U.S. The denomination of two dollars was authorized under a congressional act and first used in March, 1862.
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President Thomas Jefferson is featured on the obverse of the note. Fun Fact: Since two dollar bills are so lightly circulated, they have an average life span of six years.The United States two-dollar bill ($2) is a current denomination of US currency.While the Thomas Jefferson portrait remained the same, the reverse of the bill was changed to an illustration of the signing of the Declaration of Independence.
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This signified that the bill was no longer a United States Note. As such, the seal was changed from red to green. It was reintroduced in 1976 as a Federal Reserve Note. For ten years the two-dollar bill remained discontinued.The two-dollar bill was later discontinued in 1966 due to its unpopularity as an available circulation note. As a United States Note, the two-dollar bill was printed in three different series, 1928, 1953, and 1963.The red seals found on these two dollar bills indicated that they were United States Notes. The modified notes were printed with red seals, a portrait of Thomas Jefferson on the obverse side and a rendition of his home, Monticello, on the reverse of each bill. At this time, the two-dollar bill was converted to a smaller size. New legislation set forth in 1929 declared a standard printing size for paper money in the United States.The oldest of these large note variations dates back to 1862. Before printed money was standardized and produced at a specific size, the two-dollar bill spent its early life in the form of many different large note designs.