IDEAS/INSPIRATION
How Much is a $2 Bill Worth?
Check your $2 bills if you have any lying around at home
“Many Americans have pretty dubious assumptions about the $2 bill. Nothing happened to the $2 bill. It’s still being made. It’s being circulated,” said Heather McCabe, a writer and $2 bill evangelist who runs the blog Two Buckaroo.
My son’s eyes light up whenever he comes across a $2 bill. He believes they could be worth a fortune, so he insists that we keep them.
I recall a time when I used a $2 bill to give a tip because it was the only cash I had. My son became quite disappointed with me for giving away the only $2 bill we owned.
Circulation of $2 Bills
The Bureau of Engraving and Printing (BEP) plans to produce a maximum of 204 million $2 bills this year as per the Federal Reserve System’s annual order. According to the most recent data from the Federal Reserve, there were 1.4 billion $2 bills in circulation in 2020.
However, despite their circulation quantity, $2 bills represent only a minuscule fraction, specifically 0.001%, of the total value of the currency in circulation, which amounts to $2 trillion.
