First Day Issue $2 bill

I received this bill from a family member.
Is the value, if any, ruined because of the US Postmark cancellation and postage stamp?

FYI, according to www.uspapermoney.info/serials/f1976_b.html
the first day of release into circulation is specifically mentioned as April 13, 1976. The date postmarked on the bill.

 

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Well, Aquaman, you're taking me into the deep end of the pool here with this question, but I'm gonna try to dog paddle my way to what I believe might help.
You've already found out something good, in that the postmark cancellation is for the first day of release.
Given that these 1976 series $2 bills don't have much value (imho) over face anyway, the stamp and cancellation can only ADD value to this note, which is exactly what it was meant to do.
It appears to be in very good condition, no tears, no stains, no creases, no folds, no pinho.......What is that in the upper left corner of the reverse? Is that pinholes, say, from a staple?
If so, that sinks the bill somewhat, maybe even puts it underwater in terms of the added value from the cancellation.

Let's call on some real currency experts :

@PlanoSteve
@SteveInTampa
@mpcusa

Regardless, it's worth keeping, especially since it came from a family member. That always adds value.

 

April 13 1976 was the first day of issue for the redesigned $2 notes. I'm not sure if it was an official promotion, but you could get them from a bank and then go to the PO, buy a stamp, and have it cancelled. This was during the height of the bicentennial celebration. There are lots of these out there.

These are collectable, but don't carry much of a premium. IMO, I think they make a fun collecting topic, either by Fed district, or postmark (city state). Don't plan on getting rich from them, however.

I was a kid then and begged my grandparents to get one for me. They went to the bank but decided that the line was too long. They got me some notes later for my birthday, but they didn't have the first day stamp.

 

They were very popular to do back then, I used to have a few, now only one, somewhere

 

No pinholes. Seems to be stray ink? As you can see in the top right on the obverse there are no puncture marks.

 

That's very good. Currency collectors do not like pinholes.

 

As a kid, I picked up 2 $2 bills in April 1976 from the bank. I still have them...still crisp as the day they were printed. Worth $2 a piece but they're mine, mine, mine!!!

 

Nice! But mine is adulterated.... aaaand it's mine mine mine!

 

It's a very nice example of the 200th anniversary of the nation. There are lots of these out there so not much value over the face of the bill.

 

A couple things, first and foremost its a $2 bill, so there,s no real value over
Face, additionally because it,s a first day of issue, that really doesnt help
Either because that,s just a buzz word to get you excited and part ways
With your money, TPG,S use these same tactics " First Strike"
"First Day Of Issue" etc, in essence this bill or coin has no other
Real value, but they try and trick you, in to believing other wise, in
Regards to condition, this should always be one of the things you consider
First, and you do have some however, in my opinion this would be a
Great conversation piece displayed on your wall for you and other people
To enjoy as far as value, maybe to the right person a few dollars over
Spot but that would be more the exception then the rule.

 

These were actually my original inclinations as well.

Thanks for the reply.

 

Anytime

 

I'm a fan of the 3rd President Thomas Jefferson and collect

 

I am a fan of collect what you want, regardless what other people think

 

My point exactly . I'm not making an investment in future wealth , I'm collecting history and beautiful old types and the odd denominations .
Enjoy your collecting . Thank you!

 

I got one of these not because it's worth alot but more for my wife. It is her birth year and she told me if I dont buy it for her she was not going to let me have any spending money for the rest of the auction it was in lol. https://www.cointalk.com/threads/1976-2-first-day-of-issue.316283/

 

I love it . My daughter has become a numismatic collector because of my collection , she wants to keep everything too .

 

My father in-law work at the post office. I think these would be worth more without the postal cancellation.

 

I have a 1976 series for the reverse but nothing after the 53 series . I'm working on the 1928 series and 1953 series of #2.00 bills and the Stars I also want 1860s National w Lazy Duece notes . Thanks for the info on the $2.00 your dad gave you , they are my favorite and I order them at Chase to use and I give them to people with children all the time .

 

True, but they probably would not have been saved without it.