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<p>[QUOTE="Troodon, post: 341989, member: 4626"]Thanks.</p><p><br /></p><p>Did learn what the red seal signifies from this... it was to distinguish United States notes (red seal) from Federal Reserve notes (green seal). 1976 was the first year they printed $2 Federal Reserve notes. It was thought that this would reduce the necessity for $1 notes, but it didn't work out that way... people had been used to doing without $2 bills for so long (was 10 years since any were issued, and they weren't all that common even then) that they just made due without them and when they showed up again, they had already broke the habit of using them... cash drawers didn't have space for them anymore and banks would rarely order them and would only issue them on customer request, which they usually only did for the sake novelty or collector's items. Sounds like a familiar story lol... it is about the same thing that happened to the half dollar from 1964 to 1971...</p><p><br /></p><p>Can thank my grandmother for calling my attention to these... she always enjoyed the novelty of $2 bills and would often send them to me (and her other grandchildren) in birthday and Christmas cards. Was the first I even learned of their existance. They're so uncommon now (<i>in circulation</i>that is; millions exist of course, they're just not often seen in circulation) that many people today don't even know they exist... you can read several stories about people trying to spend these and people thought they were counterfeit or fake... I sometimes enjoy the fun of watching people react to me spending them lol, and I acquire fresh ones on ocassion just for the fun of it, and will send out many to people I know for the sake of novelty.</p><p><br /></p><p>As mentioned in the beginning of this thread, I'm saving at least one of these per series for my collection... not a huge collecting priority but will try to get most of the ones that are reasonably affordable, possibly back to 1928 eventually, the first year these notes were produced to their current dimensions.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 341989, member: 4626"]Thanks. Did learn what the red seal signifies from this... it was to distinguish United States notes (red seal) from Federal Reserve notes (green seal). 1976 was the first year they printed $2 Federal Reserve notes. It was thought that this would reduce the necessity for $1 notes, but it didn't work out that way... people had been used to doing without $2 bills for so long (was 10 years since any were issued, and they weren't all that common even then) that they just made due without them and when they showed up again, they had already broke the habit of using them... cash drawers didn't have space for them anymore and banks would rarely order them and would only issue them on customer request, which they usually only did for the sake novelty or collector's items. Sounds like a familiar story lol... it is about the same thing that happened to the half dollar from 1964 to 1971... Can thank my grandmother for calling my attention to these... she always enjoyed the novelty of $2 bills and would often send them to me (and her other grandchildren) in birthday and Christmas cards. Was the first I even learned of their existance. They're so uncommon now ([I]in circulation[/I]that is; millions exist of course, they're just not often seen in circulation) that many people today don't even know they exist... you can read several stories about people trying to spend these and people thought they were counterfeit or fake... I sometimes enjoy the fun of watching people react to me spending them lol, and I acquire fresh ones on ocassion just for the fun of it, and will send out many to people I know for the sake of novelty. As mentioned in the beginning of this thread, I'm saving at least one of these per series for my collection... not a huge collecting priority but will try to get most of the ones that are reasonably affordable, possibly back to 1928 eventually, the first year these notes were produced to their current dimensions.[/QUOTE]
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