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<p>[QUOTE="scottishmoney, post: 1663678, member: 12789"]It is a "Legal Tender" note, the first fiat currency issued by the Treasury beginning in 1862. Other than the good faith of the US government they had no promise to pay the bearer anything other than "legal tender" - but that didn't mean silver or gold. With the 1928 issue these LT notes were only the $1(very rare though and released only in Puerto Rico in the late 1940s) the $2 and the $5. These were issued until the Series 1963 notes(approximately 1966) and were dropped when the Treasury printed Red Seal Legal Tender $100 bills in 1966 and 1966-A. The latter are fairly scarce. I found one in a rural N. California bank back in 2005. The $2s and $5s show up often enough though, I have several dozen of each from 1928-63 in the last year from my banks.</p><p><br /></p><p>The corners were often ripped or snipped off with shears or scissors to "break the bad luck" on the $2 - people did and still do have some superstitions about them. I spend $2s all the time - have a wad of them in my wallet. Most people are pleased as punch to get them and will buy them out of the register etc. But occasionally you get someone that acts like you committed some perfidiously evil act by tendering a $2 in payment.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 1663678, member: 12789"]It is a "Legal Tender" note, the first fiat currency issued by the Treasury beginning in 1862. Other than the good faith of the US government they had no promise to pay the bearer anything other than "legal tender" - but that didn't mean silver or gold. With the 1928 issue these LT notes were only the $1(very rare though and released only in Puerto Rico in the late 1940s) the $2 and the $5. These were issued until the Series 1963 notes(approximately 1966) and were dropped when the Treasury printed Red Seal Legal Tender $100 bills in 1966 and 1966-A. The latter are fairly scarce. I found one in a rural N. California bank back in 2005. The $2s and $5s show up often enough though, I have several dozen of each from 1928-63 in the last year from my banks. The corners were often ripped or snipped off with shears or scissors to "break the bad luck" on the $2 - people did and still do have some superstitions about them. I spend $2s all the time - have a wad of them in my wallet. Most people are pleased as punch to get them and will buy them out of the register etc. But occasionally you get someone that acts like you committed some perfidiously evil act by tendering a $2 in payment.[/QUOTE]
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