{"id":14498,"date":"2021-09-13T04:15:54","date_gmt":"2021-09-13T11:15:54","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=14498"},"modified":"2021-09-18T17:11:26","modified_gmt":"2021-09-19T00:11:26","slug":"18-flippant-facts-you-didnt-know-about-the-2-bill-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id14498-18-flippant-facts-you-didnt-know-about-the-2-bill-2.html","title":{"rendered":"18 Bizarre Facts You Probably Didn’t Know About the $2 Bill"},"content":{"rendered":"

\"\"<\/a>Not too long ago I had to mosey on down to my local hardware store because I needed propane for my barbecue grill. The total price for the refill came to $17.96.<\/p>\n

At first I tried to pay with a credit card<\/a> but, for some reason, their machine was on the fritz, so I gave the kid the only money I had in my wallet: a $20 bill.<\/p>\n

In return, he gave me a $2 bill and four pennies. I’m not kidding.<\/p>\n

Talk about a numismatic nightmare.<\/p>\n

Of course, the cashier tried to convince me that he had just handed over $2.04, but as far as I was concerned, he gave me the financial equivalent of two matchsticks and a ball of lint. If that.<\/p>\n

After all, everybody hates pennies<\/a> — and nobody knows what to do with $2 bills.<\/p>\n

If you’re like me and most other people, pennies typically get tossed into desk drawers or five-gallon pickle jars where they are quickly forgotten.<\/p>\n

As for $2 bills, well … due to their perceived rarity, they usually end up being tucked away in old dressers and other secret hiding places as collectible souvenirs — or even handed out as magical birthday and Christmas gifts for the kids.<\/p>\n

As such, people rarely see $2 bills in circulation because nobody ever spends<\/em><\/strong> them.<\/p>\n

With that in mind, here are 18 facts you probably didn’t know about all those $2 bills you’re<\/em><\/strong> currently squirreling away for no good reason:<\/p>\n

    \n
  1. Although Thomas Jefferson has been featured on the $2 bill since 1869, it was Alexander Hamilton’s portrait that originally graced the front of the bill when it was introduced in 1862.<\/li>\n
  2. Jefferson’s home, the Monticello, was first featured on the bill’s reverse side in 1929. The Monticello gift shop reportedly now gives them out as change to encourage their circulation.<\/li>\n
  3. In 1925, the US government tried — unsuccessfully — to increase the popularity of the $2 bill by placing one in federal employee pay envelopes.<\/li>\n
  4. After years of public indifference to the $2 bill, production was finally discontinued in 1966, only to be restarted as part of the American Bicentennial celebration in 1976.<\/li>\n
  5. The revised $2 bill from 1976 replaced the Monticello with a depiction of John Trumbull’s painting, “Declaration of Independence.”<\/li>\n
  6. Industrious folks looking to create a money-making collectable had the new $2 bills postmarked by the US Post Office on their first day of issue (April 13, 1976).<\/li>\n
  7. Unfortunately, so many of them did so that, even today, there are enough postmarked bills floating around to ensure they don’t command much above the $2 bill’s face value.<\/li>\n
  8. As a general rule of thumb, if a $2 bill has a red Treasury seal and serial numbers, it’s at least a somewhat-valuable collectable. If the bill has a green Treasury seal and serial numbers, then it’s probably not worth more than face value.<\/li>\n
  9. Believe it or not, $2 bills are seen in circulation so rarely that some people still think they’re counterfeit upon first encountering them.<\/li>\n
  10. In 2005, a Baltimore man was arrested<\/a> and held in custody until Secret Service agents could verify that the 57 $2-bills he used to pay Best Buy for installing a radio-CD player in his son’s car were genuine.<\/li>\n
  11. Actually, it’s a wonder we don’t see $2 bills more often; as late as the turn of the 21st century, there were over $1.1 billion worth of the bills in circulation.<\/li>\n
  12. For its part, the US Bureau of Engraving and Printing continues to print $2 bills, including as many as 230 million of them back in 2006. Even so, $2 bills make up just 1% of all US bills in circulation.<\/li>\n
  13. In 1989, Geneva Steel in Provo, Utah paid their employee bonuses with $2 bills<\/a> to highlight the importance of the steel mill to the local economy. That fact became obvious after the rare bills began appearing at merchants throughout the surrounding communities.<\/li>\n
  14. Then again, not every merchant is enamored with $2 bills. Over the years there have been more than a few claims of businesses refusing to accept $2 bills<\/a> as legal tender.<\/li>\n
  15. According to the US Treasury, merchants aren’t legally obligated<\/a> to accept $2 bills — or bills of any other denomination. Yes, they have to accept US dollars, but those dollars don’t<\/em> have to be in the form of coins and paper money.<\/li>\n
  16. Legally, there is nothing stopping vendors from choosing to only accept payment in US dollars for goods and services via credit cards or other electronic means.<\/li>\n
  17. The next time you pay for something using a $2 bill, the odds are the cashier will have to put it under the cash drawer. That’s because most businesses prefer to use the register’s five bill-slots for ones, fives, tens, twenties and checks or coupons.<\/li>\n
  18. Speaking of spare change, for quite awhile now, strip clubs have been including $2 bills in their customers’ change whenever possible to help increase tip income for their dancers. Well … At least that’s what I’ve been told<\/a>.<\/li>\n<\/ol>\n

    Photo Credit: The Comedian<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Not too long ago I had to mosey on down to my local hardware store because I needed propane for my barbecue grill. The total price for the refill came to $17.96. At first I tried to pay with a credit card but, for some reason, their machine was on the fritz, so I gave […]<\/p>\n","protected":false},"author":1,"featured_media":33879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[454],"tags":[],"class_list":{"0":"post-14498","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"pmpro-has-access","9":"entry"},"yoast_head":"\n18 Bizarre Facts You Probably Didn't Know About the $2 Bill<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id14498-18-flippant-facts-you-didnt-know-about-the-2-bill-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"18 Bizarre Facts You Probably Didn't Know About the $2 Bill\" \/>\n<meta property=\"og:description\" content=\"Not too long ago I had to mosey on down to my local hardware store because I needed propane for my barbecue grill. 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