1976 2 Dollar Bill Value – The United States of America prepared to celebrate its independence from Great Britain in the mid-1970s. Many numismatic or exonumia objects were published in the years leading up to the decade’s festivities, one of the most notable of which is a new set of $2 Federal Reserve Notes (FRN), Series 1976.
The Series 1976 is the first FRN with a $2 denomination and is generally an accessible, affordable note with a new design on the back that appears on the denomination to this day.
The two-dollar bill is still in circulation in the United States and is a common currency. Most people believe it is a collectible item because it is considered the United States rarest small-denomination currency.
But, what is the value of a $2 bill from 1976? Read on to learn more.
1976 $2 Bill: History
The bicentennial was commemorated via the issuance of a numismatic product. Beginning in 1972, the United States Mint produced a series of medals. President Richard M. Nixon declared war on the country in 1973.
Nixon also approved a double date on half-dollar and dollar coin denominations produced in 1975 and 1976, as well as a measure allowing commemorative designs on the quarter, the half-dollar, and the dollar coin.
Bicentennial coinage, on the other hand, may still be found in circulation today, even as it gets more difficult.
The Series 1976 $2 FRN was authorized in late 1975, and it is another numismatic item that celebrates the Bicentennial but is less common in circulation.
Treasury Secretary William E. The Bureau of Engraving and Printing (BEP) will create $2 Federal Reserve Notes, the first of their kind, in commemoration of the United States Bicentennial, according to Simon.
The Series 1976 $2 FRN was not a commemorative issue, despite the fact that the new $2 denomination design was inspired by the Bicentennial.
In its coverage on November 9, 1975, the New York Times made clear the relationship between the new $2 notes and the Bicentennial: “The bill is not a ‘special’ Bicentennial year issue; it will remain in circulation as a permanent part of the country’s circulating paper currency.”
The last $2 notes produced, in the 1960s, were Legal Tender Notes with a red Treasury Seal and serial numbers.
Treasury Notes, Federal Reserve Bank Notes, and Federal Reserve Bank Notes had all been produced since the 1860s.
Except for the Treasury Seal and serial numbers, which are green on the $2 FRN, the face design stayed largely unchanged.
The rear design was completely reworked, and Peter Cocci, a BEP employee, did the work for the notes, replacing Thomas Jefferson’s mansion Monticello with John Trumbull’s Declaration of Independence (1817). Trumbull’s painting did not make its debut in the bicentennial issue.
In 1863, the year after the first Federally-issued $2 notes were introduced, it first appeared on the back of $100 National Bank Notes.
The written denomination appears vertically on each side of the Trumbull vignette, with scrolls in the bottom two numbers; the written denomination also appears in numerals in each corner.
The Bicentennial was commemorated with a series of stamps, and Trumbull’s painting was split into four sections for each of the four stamps in the series. 590,720,000 Series 1976 $2 bills were printed and released in 1978.
The comparable scarcity is seen in the Minneapolis Star. On April 13, 1976, Thomas Jefferson’s birthday, the notes were released.
What Is Special About a 1976 $2 Bill?
To replace the previous United States Note design, the US government started issuing a new two-dollar note in 1976. In honor of the country’s bicentennial, the new design was unveiled. The Declaration of Independence was signed 200 years ago today.
The redesigned currency series began in 1976 with the two-dollar bill. The previous image of Jefferson’s Monticello estate was replaced by an image of the Declaration of Independence on the back of the bill.
A picture of Jefferson remained at the front of the bill.
The color scheme was also modified for the first time. Instead of a red seal, the measure now had a green one. To discourage fakes, this was done.
1976 Two Dollar Bill Value
The two-dollar bills were reissued as federal reserve notes by the government in 1976. In addition, the bill was redesigned and had the exact worth of $2 in a circulated condition, which is why they were also known as the Bicentennial Two.
If you have it in an uncirculated condition, however, it might be worth more. Typically, you may get $9 to $15 for such a note. There are also two-dollar bills with a small premium value that you might come across.
Remember that the bill was created for regular transactions, which means it is in circulation. This allows you to buy products in the supermarket and other businesses.
It may also be worn out, which further lowers its worth. However, for daily transactions, an uncirculated bill is not used.
Collectors are the primary consumers, and the notes are worth more than their face value. A bill that has no signs of wear or tear is usually classified as uncirculated.
As a result, you may either sell your two-dollar bill for its actual worth or more, depending on the situation. Two to three times the bill’s worth is common. However, if the buyer is a serious collector, you may sometimes get even more.
1976 Two Dollar Bill Value: Star Notes
Replacement notes with a star before the serial number are known as star notes. Both ordinary and uncommon star notes are available. The federal reserve bank that printed them is what separates them. Two of the bills are unique, and they were printed from 12 different federal reserve banks.
In good condition, a 1976 $ 2-star note is worth around $8. Bills with an MS 63 grade sell for about $20-25 in uncirculated condition.
In good condition, the uncommon variety star notes may sell for $80, and in uncirculated condition with a grade of MS 63, they may sell for $150.
What is the Value of a 1976 2 Dollar Star Note?
Star notes are typically much rarer than ordinary bills, making them highly sought-after by collectors. They’re produced in limited quantities.
In good condition, the majority of 1976 $ 2-star notes are worth around $8, but in uncirculated condition with an MS 63 grade, they may be worth $20-25.
In excellent condition, star notes from Kansas City and the Minneapolis Federal Reserve Bank may sell for $80, while uncirculated notes with a grade of MS 63 may sell for $150.
Collectors prize them since they are more uncommon than other currencies and may be fetching a higher price.
The name of the issuing bank may be found on the front left-hand side of your bill. Unless you have a note that looks as though it just came off the printing press, Star notes are only worth a premium if they are in near-perfect condition.
How to Determine the 1976 2-Dollar Bill Value
The worth of a 1976 $2 bill will be determined by a few key factors. The bill’s condition, rarity, serial number, whether it’s a star note, and any misprints are among the factors that influence value.
Let’s take a look at each of these elements in further detail.
The condition of a 1976 two-dollar bill is the most important factor in determining its value. A bill in excellent condition will be worth more than one in poor condition, with folds and wrinkles. Water or fire damage, for example, will lower the value of a bill.
Since they have never been used and are in perfect condition, uncirculated two-dollar notes are worth more than circulated ones. Even if a bill is in good condition, it may be valuable.
PMG is a certified Numismatic business that offers a guaranteed authentication for its description and assessment of a note’s condition. Centering, margins, color, ink quality, brightness, and flaws are the six primary condition criteria.
On a scale from 1 to 70, each criterion is assigned a separate grade, with 70 representing the best. The grades of the six primary criteria are averaged to determine the overall condition.
The rarity of any currency, whether it’s paper or metal, has a big influence on its value. The two-dollar bill from 1976 is identical.
On the first day of production, bills that were created are more likely to be worth something than those that were not. On some notes, there’s a fascinating post office stamp or a slew of signatures.
– Serial Numbers
Many individuals concentrate on two-dollar bills with appealing serial numbers when it comes to accumulating money.
Binary numbers (101010) and radar numbers (313131) are especially desirable repeated digits, as are 111222333.
A bill with two sets of four identical digits in the serial number (e.g., 12121212) is known as a “double quad.” A bill with seven consecutive digits, all of which are the same (99999999), is known as a “seven in a row.”
Finding a bill with one of these patterns is extremely unlikely, yet they may be valuable in the hundreds or even thousands of dollars.
So keep an eye out for those unique serial numbers the next time you’re thumbing through your wallet – you might just have a mystery coin on your hands.
– Star Notes
A bill with a star instead of a letter in the serial number is known as a “star note” in the currency world. When there is a problem with the printing plate during the manufacturing process, the United States Treasury Department employs star notes.
As a consequence, star notes are highly valued by collectors and are considerably rare than normal notes.
Notwithstanding the fact that the condition of a 1976 star note 2 dollar bill affects its value, they are typically worth much more than ordinary money.
The value of the item increases if they have an interesting serial number.
Whether or not a bill contains a misprint is one factor that may influence its value. While paper currency errors are uncommon, they may occur during the printing process.
It is generally more beneficial to have a bill with a printing mistake than one without any mistakes.
One of the most interesting printing mistakes in US currency is seen on the 1976 two-dollar error note. Paper money is what people use.
The top right and bottom left of a bill’s serial number are normally printed in two places.
The serial numbers, however, are different on certain 1976 2-dollar bills. A misalignment of the printing plates is most likely to blame for this mistake, resulting in two separate serial numbers being printed.
Grading System of 1976 $2 Bill
– Fine: There are indications that the note has been in circulation. The note has wrinkles, but no stains and still retains its crispness in the portrait.
– Very Fine: There may be a few light smudges, creases, or folds on the note, which is still very crisp. A bill that has been around for a long time but is not very recent.
– MS 63 Choice Uncirculated: The currency retains its original crispness, as indicated by MS 63 Choice Uncirculated. The note is neatly centered and appears to have never been in use.
1976 2 Dollar Error Bill Values
There is one significant mistake in the 1976 two-dollar series. Unless you pay close attention, it’s difficult to discover; that every bill has a corresponding serial number, but error bills display two different serial numbers.
In very fine condition, two-dollar bills dated 1976 are worth about $500. In uncirculated condition, two-dollar bills dated 1976 are worth about $900.
How Rare Is the 1976 Two-Dollar Bill?
In general, two-dollar bills are the most uncommon kind of US currency currently in circulation. Due to low printing volumes for the $2 bill since the 1950s, only a small number of bills have ever remained in circulation. As a result, genuine $2 bills are prized possessions because collectors are prepared to pay a high price for them.
The face value of most 1976 $2 bills is just $2. Star notes, on the other hand, or bills with intriguing serial numbers might be collectible. Bill prints that were corrected during manufacture are known as star notes.
A star symbol in the serial number distinguishes them. Star notes from 1976 may sell for $8 or more due to their rarity. Similarly, collectors may be interested in bills with unique serial numbers like 01234567 or 11111111.
Most people know that the 1976 two-dollar bill isn’t old enough to be considered rare. However, if the bill has a particular stamp, is of unusual star note variety, or is an error bill, it can be valuable to many people.
So, if you come across a 1976 2-dollar bill, take note of what decade it belongs to and any distinguishing characteristics. Since older versions are not being reprinted, it might be worth keeping it for a while.