James Bucki is a nationally-recognized coin collector and also numismatic expert and also author, sharing his knowledge and specialized training in coin grading, minting errors, and collection techniques. He has over 40 years of numismatic and writing experience, consisting of a monthly magazine obelisk for the American Numismatic Association.
You are watching: 1953 red seal $2 dollar bill value
Most world have never ever seen a two-dollar bill since they were never widely circulated in the U.S. Economy. Because two-dollar bills were first printed in 1862, they never discovered favor through the American public. At an early stage two-dollar receipt were virtually twice the dimension of today's two-dollar bills and also are well-known as "large size" bills. In 1928, the Treasury Department decreased the size of document currency to the standard size it is today. Although many bills are not very rare, there are a few two-dollar bills the are much more valuable than others.
history of the Two-Dollar bill
Since the beginning, there have been several different varieties of two-dollar bills. These encompass Legal soft Notes, national Banknotes, silver- Certificates, Treasury or Coin Notes, and also Federal Reserve financial institution Notes. Large size notes carried ornate designs and had various portraits that presidents, war heroes, inventors, and allegorical figures of liberty. Some of the much more popular and also collectible notes are the Lazy Deuce (Series 1875) and also the Educational note (Series 1896).
Retailers and also banks walk not choose the two-dollar note due to the fact that there was no a traditional spot because that it in cash registers and teller drawers. In the 1920s, that was thought about a jinx to get a two-dollar note. It was not enabled in part casinos and racetracks. Also today, some retailers refuse to expropriate them due to the fact that they think they space counterfeit or "play money."
The United says issued red seal two-dollar Legal soft Notes between 1928 and also 1966 (Series 1965). The front of the bill functions a portrait of thomas Jefferson through Charles Bert. The back of the note functions Thomas Jefferson's home, Monticello, engraved by Joachim C. Benzing. In 1963, the Treasury Department included the motto "IN GOD us TRUST" come the ago of the note and also placed it over the engraving of Monticello.
The treasury seal found on the keep in mind is shining red. In 1928 it was situated on the left side of the note and also moved come the best side the the note start with series of 1953. Small size two-dollar note were very first issued in 1928 when the United says was tho on the gold standard. There to be still gold certificates and also silver certificate still in circulation. These silver certificates had actually a blue treasury seal to identify them native other types of bills issued by the United states government.
Beginning in 1975 (Series 1976), two-dollar federal Reserve Notes were issued and also the treasury seal was adjusted to green to differentiate from the Legal soft Notes previously issued. The front of the keep in mind basically stays the exact same with the ornate scrolling in the lot of counters located throughout the confront of the bill. However, the reverse was adjusted to the vignette that the signing that the statements of Independence.
Collecting contemporary Two Dollar bills
The two-dollar bill has actually a short series to collect. A form collection of each small size notes issued because 1928 would consist of one note of every of the following series:
Since the two-dollar note was never famous with the United claims public, that was never ever widely gathered either. Therefore, the printing runs are short compared to various other denominations choose the one-dollar and also five-dollar notes. However, the printing operation ranged in between 2 million and also 146 million bills. This, by no means, renders them rare or scarce, the exemption being tiny production operation of star notes.
Every time the design or signature changed on a bill, a brand-new series would certainly be issued. Another popular way of collecting two-dollar bills is to acquire one bill from each collection and sub-series. For example, in the collection of 1953, over there were four sub-series. The 1953 series began with the plain 1953, adhered to by the 1953-A, 1953-B, and the 1953-C, for a total of four bills in all. The series usually indicates the very first year the the architecture was produced.
Advanced collectors will also want come obtain an instance of each collection with a star in the serial number. These are practically always extremely little production runs and will lug a premium end and over the regular worry series.
Since every notes approve by the Treasury room of the joined States carry a unique serial number, every note should be accounting for. Beginning in 1910, the bureau of Engraving and also Printing manager J. T. Ralph authorized distinct notes come be published with a star in ~ the end of the serial number. These notes to be to it is in substituted if a keep in mind was misprinted or otherwise defective.
Therefore, these replacement note are significantly rarer than standard manufacturing run notes. Depending on the series, star notes can be worth a modest premium over non-star notes. However, there space certain collection and signature combine of star notes the are exceptionally rare and values ranging up come $20,000 because that the collection 1928-B through Woods-Mills signatures.
See more: Seeing Owls In Your Dreams Of Owls What Does It Mean S, Owl In Dream
worth of a Red Seal two Dollar invoice
Although many people are not familiar with the two-dollar bill, and also they space unusual, most of them are not very rare and also do not carry a high value. However, there are a couple of series whose star notes command a premium. The key determination the value depends upon the collection (year and also signatures) and also if the serial number has a star in it.
|1928-B ★||$20,000||Very Rare|