Someone holding a $2 bill was thought to have sold a vote to a crooked politician. It was associated with gambling, where it was the standard bet at racetracks, and prostitution.Īnd during the nineteenth century, crony candidates frequently used $2 bills to bribe voters. The two was also known for keeping controversial company. “He who sits in a game of chance with a two-dollar bill in his pocket is thought to be saddled with a jinx,” the New York Times said in a 1925 article. Superstitious people would rip off the corners of the bill to “reverse the curse,” making the bills unfit to use. Alexander Hamilton’s portrait was on the two until a new series was printed in 1869 with Jefferson.īut the deuce was unpopular and never gained a foothold with the public.Ī major reason: The the $2 bill was considered bad luck. The United States first issued $2 bills beginning in 1862, around the time the federal government first started printing paper money. “Americans misunderstand their own currency to the extent they don’t use it.” “Many Americans have pretty dubious assumptions about the $2 bill. The Fed orders them every few years and works down the inventory. That’s because $2 bills are used so infrequently and last longer in circulation. There were 1.4 billion $2 bills in circulation in 2020, according to the latest data from the Federal Reserve.īut $2 bills account for just 0.001% of the value of the $2 trillion worth of currency in circulation.īEP doesn’t have to request new $2 bills each year, like it does for other bills. The Treasury Department’s Bureau of Engraving and Printing (BEP) will print up to 204 million $2 bills this year, based on an annual order from the Federal Reserve System. MediaNews Group/Reading Eagle/Getty Images $2 bills are lighter to carry around in our wallets than ones, cleaner and more efficient.
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