People might underestimate the value of $2 Bills, recently, a $2 bill is sold for $20000. Its face value is $2 then why a person buys it for $20000? There are many reasons for the higher value of the $2 bill. Some bills have unique features and unique numbers the people want to keep those bills as they have a love for unique things. Collectors are always in search of unique coins and unique bills.
Now, you may be curious about that if you have a $2 bill whether it is valuable or not. So, look at your pockets and grab the $2 bill into your hands. The bill you have will be valuable if it has special serial numbers, a special year which has historical significance, and the rarity of the bill. Let’s check the through details of the $2 bill worth.
History of the $2 Bill
The $2 bill has been in existence for a long time. The first $2 bill was printed in 1860. Till now, the design of the $2 bill has changed many times. The govt has been issued 6 types of $2 bills yet. In 1928, the $2 bill had the image of Thomas Jefferson in the front and Jefferson’s home in the back. The bill depicts the signing of a Declaration of Independence. The $2 bill has a long history and still, they are considered uncommon.
Rare Bicentennial Quarter Valued at Approx. $100 Million, Check if you have one
What Makes a $2 Bill Valuable?
All of the $2 bills are not valuable in thousands, only a few $2 bills will be sold in thousands. The features that made a $2 bill worthy are given here.
The bills that have unique numbers on them will be considered valuable. Some of the details of the unique number are given below.
- Solid Numbers: The number whose all of the digits are the same like 111111 or 333333 will be worth in thousands.
- Ladder Numbers: The serial numbers that are ascending or descending like 12345678 or 987654321 will be valuable.
- Low Numbers: The bills whose serial numbers start with 1 are valuable. You will those bills with the year 1976.
Now, the next factor which increases the value of a bill is the year written on it and its seal number.
- The bills whose printed year is from 1862 to 1917 are rare and valuable.
- The bills that have red, brown, or blue seals are also rare.
- The oldest bill will be bid at the highest values as that bill will be rare.
The condition of a bill plays a good role in the worth of the bill. If a bill is very old but the condition of the bill is not good, then nobody will come to buy it. Consider the bill in good condition.
- The bill with no wrinkles will be of high value.
- There should be no folds, rips or tears on the bill.
- There should be no discolouration or stains on the bill.
How to Calculate the Value of a $2 Bill?
People who have a $2 bill should check the four types of values of a bill.
- Catalogue Price: This price is the value of your bill in the market.
- Purchase Price: The purchase price is the value that a dealer is ready to pay you for your bill.
- Public Value: The dealer will show the public price to the public when a person comes to buy from the dealer.
- Wholesale Value: The dealer also sells the bills among themselves and then they use the wholesale price for the bills.
Steps to Check If Your $2 Bill Is Valuable
You can check the worth of the $2 bill by following.
- Check the serial number on the bill.
- Now, look for the year printed on the bill.
- Check the condition of the bill.
- If your bill is rare, it will be sold in thousands.
How and Where to Sell Your Valuable $2 Bills?
For the people who think that they have a rare $2 bill, you need to visit the auction houses. Some examples of auction houses are Heritage Auctions, Stack’s Bowers, and others. In the auction, if find the value of your $2 bill, they will keep your bill and pay you the worth of the bill.
We advise you to know the worth of the $2 bill before selling it to others. You must be aware of the price of the bill. Take help from the experts and professionals like PCGS and know the worth of the bill.
What If Your Bill Isn’t Valuable?
Your $2 bill might not be valuable at this time but maybe in future, the value of your bill will be in the thousands. You should keep your bill in good condition. These bills are rare in the market. Wait for the right time to show the bill.