$2 1953A RED SEAL LEGAL TENDER CGA 66 OPQ

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Another history making piece is proudly presented from my collection, which stands for the best of the best that United States Paper Money has to offer. Everything about this note is spectacular, a must see and own. Lipstick red overprint. Truly a fantastic opportunity. The United States two-dollar bill ($2) is a current denomination of U.S. currency. Former U.S. President Thomas Jefferson is featured on the obverse of the note. The design on the obverse (excluding the elements of a Federal Reserve Note ) is the oldest design of current U.S. currency, having been adopted in 1929. The reverse is the second oldest design, having been adopted in 1976. An engraved modified reproduction of the painting The Declaration of Independence by John Trumbull is featured on the reverse . Featuring John Adams and Thomas Jefferson , it is one of only two U.S. Currency notes that features two Presidents (the $5000 bill featured George Washington and James Madison ). Two state quarters also feature multiple presidents: the Illinois State Quarter ( George Washington and Abraham Lincoln ) and the South Dakota State Quarter ( Mount Rushmore , four total presidents). In spite of its relatively low value among the denominations of U.S. currency, the two-dollar bill is one of the most rarely seen in circulation and actual use. It is almost never given as change for commercial transactions, and thus consumers rarely have one on hand. Production of the note is quite low; under 1% of all notes currently produced are $2 bills. This comparative scarcity in circulation has led to an overall lack of public awareness of the $2 bill and has also inspired urban legends and folk beliefs concerning it. Throughout the $2 bill's pre-1928 life as a large-sized note, it was issued as a United States Note , Silver Certificate , and Treasury or "Coin" Note . When U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note . After United States Notes were discontinued, the $2 bill later began to be issued as a Federal Reserve Note . Two-dollar bills are delivered by Federal Reserve Banks in green straps. The denomination of two dollars was first used by the United States federal government in July 1862. The denomination was continuously used until 1966 when the only class of U.S. currency it was then assigned to, United States Notes , began to be discontinued. 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. In 1976 use of the two-dollar denomination was resumed as part of the United States bicentennial ($2.00 is equal to two hundred cents) 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 . It has remained a current denomination since then, although the vast majority of $2 bills in circulation today are from the 1976 series, with newer bills being inserted into the money supply as needed. Today, two-dollar bills are not frequently reissued in a new series like other denominations which are printed according to demand. When the Federal Reserve Banking System runs low on its current supply of $2 bills, it will submit an order to the Bureau of Engraving and Printing , which will then print more. Demand for $2 bills is low enough that one printing can last for many years. Though some cash registers accommodate it, its slot is often used for things like checks and rolls of coins . 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. Although they usually are not handed out arbitrarily, two-dollar bills can often be found at banks by request. Two-dollar bills are also appropriately given as change at the gift shop of Monticello , Thomas Jeff... read more

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