Later, as inflation took off, the difference between one dollar and two dollars shrank in comparison, making it feel kind of silly to have two bills so close together in value. Back in 1936, the average American made a starting wage of about 45 cents per hour, and many families didn't have two spare dollars to tie up in one bill. During the years of the Great Depression and prior, two dollars was a lot of money.
From the time of its original production in 1862, this bill has occupied a strange spot in the list of currency denominations. In fact, 2-dollar bills weren't even produced from 1970 through 1975 because of lack of demand.Īnother reason for the rarity of 2-dollar bills involves the economy and inflation. The 1934 series 10 star notes with the light green seals (LGS) are worth around 150-200 in very fine condition. One of the reasons 2-dollar bills are so rare is that fewer of them were printed.
Two-dollar bills are the rarest currently produced money in the United States, and only about 1.2 billion 2-dollar bills are in current circulation. According to Business Insider, 2-dollar bills account for less than 0.001% of all currency in circulation.
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