5 n Sequence Crisp Uncirculated Two Dollar Bills 2003A

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  • Item Category: Coins & Currency
  • Source: eBay
  • Sold Date: Mar 07,2011
  • Channel: Online Auction

TWO DOLLAR BILLS

2003 A Series

5 CRISP UNCIRCULATED IN SEQUENCE BILLS

K O3792626 A - K O3792630 A

5 Consecutive SERIAL #S

Dallas Texas Reserve Bank

History of the Two Dollar Bill (small note)

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. Lack of public knowledge of the $2 bill further contributes to its rarity. This 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. 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 a few variances to this number. From 1957 onwards, 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.

When the current note was first issued in 1976, it was met with general curiosity, and was seen as a collectible. 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.

In 1929, when all U.S. currency was changed to its current size, the $2 bill was kept only as a United States Note. The obverse featured a cropped version of Thomas Jefferson's portrait that had been on previous $2 bills. The reverse featured Jefferson's home, the Monticello. The note's seal and serial numbers were red. The Series of 1928 $2 bill featured the treasury seal superimposed by the United States Note obligation to the left and a large gray TWO to the right.

In 1953 the $2 bill received design changes analogous to the $5 United States Note. The treasury seal was made smaller and moved to the right side of the bill; it was superimposed over the gray word TWO. The United States Note obligation now became superimposed over a gray numeral 2. The reverse remained unchanged.

The final change to $2 United States Notes came in 1963 when the motto IN GOD WE TRUST was added to the reverse over the Monticello. And, because dollar bills were soon to no longer be redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse. These $2 bills were officially discontinued in August 1966.

In 1976, the Treasury Department reintroduced the $2 bill as a cost-saving measure. As part of the United States Bicentennial celebration, the note was redesigned and issued as a Federal Reserve Note. The obverse featured the same portrait of Jefferson, a green instead of red seal and serial numbers, and an engraved rendition of John Trumbull's The Declaration of Independence on the reverse. In all, 590,720,000 notes from Series 1976 were printed.

In 1996 and 1997, 153,600,000 bills were printed 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. Both of these issues have the same design as the Series 1976 $2 bill. RARITY NOTE: The other 11 reserve banks only had series 1995 notes printed as star * notes. What isn't commonly known is that there was a second issue of Series 2003 A $2 bills printed from July to September 2006 for all 12 Federal Reserve Banks. However, the other 11 banks were issued just a fraction of what was issued for Minneapolis. Collectors love to find series 1995 released from any bank but Atlanta and series 2003 A released from any bank but Minneapolis. Uncirculated crisp bi...

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