A revealing reason why there are almost no two-dollar bills

The US$2 bill is the rarest denomination of currency in circulation in the United States, although it remains legal tender. Reasons for its rarity are associated with its low usage and low wear as it is prized by collectors worldwide.

By: El Tiempo

According to a notable podcast from the United States Money Education Program, the United States $2 bill is shrouded in mystery and low frequency of use. Although the Federal Reserve continues to issue these notes, their limited circulation causes little wear and hence, new notes need to be issued every 2-4 years.

This low demand is due to the fact that commercial transactions are usually done in multiples of one or five dollars, making them less widely used. The perception of rarity contributes to the confusion, leading some businesses to reject it even though it is legal currency. To address this issue, the uscurrency.gov website provides resources for verifying the authenticity of two-dollar bills.

The US$2 bill has its own history, having been reissued in 1976 with a design commemorating the bicentennial of independence. The obverse features Thomas Jefferson, and the reverse shows a reproduction of the signing of the Declaration of Independence. This uniqueness gives it value beyond its everyday use.

You can read the full note here Time