Recently, among the banknotes issued by the Federal Reserve and the US Treasury, the US two-dollar bill is once again attracting the attention of those interested in numismatics and banknote collecting. According to MarketWatch, some of these bills can be very valuable. Dustin Johnson of Heritage Auctions outlines the key points for preserving their value, even exceeding the standard US dollar. Some specialized platforms, such as the Professional Coin Grading Service (PCGS), have even issued sales rates for these bills. Read on to learn more.
An interesing history behind a $2 bill
The $2 bill has a interesing history in the United States. The bills are uncommonly seen due to the fact that businesses’ banking policies do not depend on $2 bills. In any case, they still legal tender in the US and a choose few can be worth an eye-watering sum of money.
According to MarketWatch some uncirculated $2 bills can be worth as much as $20,000. More over, their value depends on some factors, such as serial numbers, at the time the bills were printed, and their condition.
Here is what you should be on the lookout for. Read on to know all in order to have the perfect $2 bill!
Serial number: printed on the left and right side
Firstly, the serial number. It is printed on the left and right sides of the front of the note, normally with a letter starting the string of digits. It is randomly assigned but it is one of the main factors that can grow a bill’s value.
“A serial number ‘1′ for a 1976 $2 bill would be worth $20,000 or more,” Dustin Johnston, vice president of Heritage Auctions, told MarketWatch.
Other high-value serial numbers takes into account so-called “ladder” or “solid” numbers. Solid serial numbers are codes that have the same digit, such as 88888888888. On the other hand, a ladder number characteristics digits listed in ascending order, like 12345678910. Anything distinctive might be lucrative.
Age and its value
As is the case which a lot of collecting, much of a bill’s value is in its age. As an example, anything more than 100 years old could be worth much more than the face value.
Nevertheless, rarity is not solely stablished by the year of printing. The quantity of banknotes printed in a given year and the number are currently in circulation can also affect their uniqueness. Check out online auction webs to knwos which years are the most valuable.
Condition
Another important fact to take into account is the condition of the bill. Collectors will be into the bill having been kept in good condition and will be willing to pay more for a bill that does not have as many wrinkles, rips, or discoloration. For the big-money bills, anything other that mint condition will truly decrease the value.
How much is a $2 bill worth?
According to the US First Exchange site, there are four categories of value to think about when attempting to price up a bill: categorize value, buying price, public or retail value and wholesale value.
List value is the average price for which most people would sell a coin or note:
- The purchase price is what a dealer would be willing to pay.
- Retail value is the price that a specific dealer would be willing to sell you a coin or note for.
- Wholesale value is the price that dealers use when trading with each other.
The value of a coin or banknote basically stablished its catalogue value based on four main factors:
- rarity
- condition/grade,
- market conditions,
- demand.
The incorporation of these factors determines whether a coin or banknote is worth more or less money. In the case you had a $2 bill or other coins worth more than their face value, you are able to go to a pawn shop to have them valued. YMore over, you can also look for specialized Facebook groups, check eBay, or the Professional Coin Grading Service (PCGS) website.
