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How Did These End Up in Circulation?

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barryg
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 Posted 02/15/2012  1:26 pm Show Profile Check barryg's eBay Listings Bookmark this topic Add barryg to your friends list Get a Link to this Message

No, I didn't just find some rare and valuable bank note, sorry...

Whenever I go to the bank, I always ask the tellers if they have anything "unusual" lying around, ostensibly for my 7-year-old son's coin collection. I've never gotten anything really noteworthy, but I occasionally snag some old Susan B. Anthony dollars or Kennedy half dollars that I use for visits from the Tooth Fairy.

Today, however, the teller told me that she had a bunch of $2 bills if I was interested, and I said sure, why not? I'm not really much of a bill collector, but I don't recall when the last time I ever saw any $2 bills "in the wild," so to speak.

Anyway, long story short, I ended up with 6 fairly worn Series 2003 notes. I'm assuming they're not worth anything over face value, and they don't have any interesting features such as consecutive serial numbers, stars, radar numbers, etc. I'll probably give the nicest one to my son and then spend the rest.

I'm just wondering, though, how the heck these ended up in circulation? That may be a dumb question but, as I said, I haven't seen one of these in circulation for least 30 or more years. I've seen them for sale at the Bureau of Engraving and Printing website in uncut sheets at a significant premium, but that's about it. Can you normally just go to your bank and ask for these like you'd ask for a box of half dollars?

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 Posted 02/15/2012  1:32 pm  Show Profile Check jgfindring's eBay Listings Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
The answer is yes. I get about $100 a week in $2 bills from my bank to use as change in my shop. I find people love getting them in change. Much more fun than ones that they get everywhere.
Up to 371 Countries now! Working on Canadian, Australian and Euro type sets.
Completed US sets:Lincoln Memorial w/ proof;Lincoln Shield w/proof;Jefferson w/proof;Roosevelt w/proof;Washington w/proof;Statehood w/proof;Franklin;Kennedy w/proof;Eisenhower w/proof;SBA w/proof;Sacagawea w/proof;Presidential w/proof.
Close: LWC missing 2; Liberty nickel missing 3; Mercs missing 1; Walkers missing 2. 7070 type set missing 10.
I AM A COLLECTOR! I don't care if the value is going to go up, down or sideways! I don't collect coins to get rich, but as a hobby to RELAX!
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 Posted 02/15/2012  2:42 pm  Show Profile Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My mother-in-law loves the two dollar note. She gets them from the bank and uses them for birthday cards, stocking stuffers, and treasure hunts for kids (we are all grown) and grandkids alike. They are also commonly used at the gentlemen's clubs in my area, a fact well-known enough to get "looks" when I spend them.
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 Posted 02/15/2012  2:43 pm  Show Profile Check biokemist6's eBay Listings Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Yes, most banks carry them. If a bank does not order them from the Fed, they will typically have some on hand that were redeemed by customers. The most common series found in circulation are 1976, 1995, 2003, and 2003A. Older Red Seals can occasionally be found but they tend to be rather raggy. Special serial numbers and sheets are also available from the BEP for a premium price.
ANA R-3151318
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 Posted 02/15/2012  3:04 pm  Show Profile Check barryg's eBay Listings Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Hmmmm... So I could have gotten these at any time had I only known to ask, huh? Live and learn. They still seem "exotic" to me, but I guess there's no reason to put them away (especially since they're a bit beat up).

I may have to hold off giving one to my son, though. It occurs to me that, while he is extremely familiar with coins, he really doesn't have enough experience with notes to even realize how unusual it is to see a $2 bill in circulation...
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 Posted 02/15/2012  3:52 pm  Show Profile Check kookoox10's eBay Listings Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
They are out there in pretty healthy quantities. I bought up a couple straps that are brand new with consecutive serials. Even that crisp strap is worth no more than face.
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 Posted 02/15/2012  5:30 pm  Show Profile Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Way back when ...
When money went a lot farther, the two dollar bill was both a treat and a curse.

In New York City, holding up a two dollar bill as you hailed a cab was a guarantee that the cab would stop for you.

Other people would shun the bill as "bad luck."

Go figure!
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 Posted 02/16/2012  12:30 pm  Show Profile Check barryg's eBay Listings Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, I decided to spend most of them today at the Chinese restaurant where I picked up lunch. The guy behind the counter didn't even glance at them as he stuffed them in the register. I asked him whether he saw a lot of $2 bills and he said he just got some yesterday...
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 Posted 02/16/2012  12:42 pm  Show Profile Check jgfindring's eBay Listings Bookmark this reply Add jgfindring to your friends list Get a Link to this Reply
That's something I've noticed also. I use $2 bills, dollar coins and halves exclusively when spending small amounts of cash (under $20) and the fast food places and grocery stores have to stand there and puzzle over them for a while well they figure out what I gave them. The girl in Home Depot this morning even called a supervisor over to make sure she could take a $2 bill, but the two different Chinese takeouts I patronize never give any of my funny money a second glance.
Up to 371 Countries now! Working on Canadian, Australian and Euro type sets.
Completed US sets:Lincoln Memorial w/ proof;Lincoln Shield w/proof;Jefferson w/proof;Roosevelt w/proof;Washington w/proof;Statehood w/proof;Franklin;Kennedy w/proof;Eisenhower w/proof;SBA w/proof;Sacagawea w/proof;Presidential w/proof.
Close: LWC missing 2; Liberty nickel missing 3; Mercs missing 1; Walkers missing 2. 7070 type set missing 10.
I AM A COLLECTOR! I don't care if the value is going to go up, down or sideways! I don't collect coins to get rich, but as a hobby to RELAX!
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 Posted 02/18/2012  10:05 am  Show Profile Check barryg's eBay Listings Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, I went back to the bank today. This time, instead of asking whether they had anything unusual, I just asked whether I could get $20 worth of $2 bills. Sure, no problem! I ended up with 3 series 1976, 4 series 1995 and 3 series 2003 -- all of them nice and crisp. I think I'll save the series 1976 just for the heck of it and spend the rest. And maybe I'll do that every week from now on (except that I won't bother saving every series 1976 I get). I figure I can check for interesting serial numbers and just have fun spending them.
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 Posted 02/18/2012  11:30 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
In the days of the red seal $2, a car salesman always carried a crisp one in his outside pocket as a conversation piece. Last customer of the day got it.

$2 have been regularly used at racetracks for a standard bet. Because of this, many considered them bad luck.

If you see one with one or more corners torn off, that was to make a corner three-sided, like the trinity, to counteract the bad luck.
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 Posted 02/23/2012  3:02 pm  Show Profile Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
That is a great idea to get some from the different series. You are lucky to get crisp ones from 1976. Too bad they didn't have any crisp ones from 1963.

If you want to see the serial # ranges and the district banks they were printed for, look at this site:
http://www.uspapermoney.info/serials/all___b.html

Getting one from each district bank for each series would be a cool collection, especially if CU.
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 Posted 02/26/2012  10:40 am  Show Profile Bookmark this reply Add MMA10mm to your friends list Get a Link to this Reply
My dad would get $2 notes and leave them for tips at restaurants, give to the paperboy, spend on vacation, etc. It was like a treat for both him and the recipient whenever he gave them...
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 Posted 02/29/2012  05:29 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, MMA10mm!
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 Posted 02/29/2012  06:37 am  Show Profile Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
the tooth fairy always left $2.00 bills for my daughter. My bank has them all the time and all I had to do was ask for them anytime I needed to replenish my stash I kept for such occasions
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