What’s the 1928 $2 Dollar Bill Worth?
Do you want to know the 1928 $2 bill value? You’ve reached the right place. In this post, I’ll explain why this bill is such a popular collectible and tell you how much a 1928 $2 bill is worth.
Most people who receive a $2 bill immediately become excited. That’s because it is one of the most unique pieces of U.S. currency still in circulation and a valuable collectible.
- 1928-G $2 United States Note -- Red Seal -- Good/VG
The main reason for the collectibility of this bill is that it was the first “small size” bill issued in the United States. This makes it something of an oddity that even non-collectors like to have in their possession. The presence of the red seal on the left-hand side of the note also makes it seem very foreign and exotic to non-collectors.
Although this bill is quite old, the vast majority of 1928 $2 bills are only worth about $5. However, certain types of 1928 $2 bills are worth much more. Keep reading to find out if you have one of these valuable $2 bills in your possession.
Features Of The 1928 $2 Dollar Bill
Year Produced: 1928
Denomination: Two Dollar Bank Note
Type: Legal Tender (United States Bank Note)
Seal: All 1928 $2 bills have a red seal to the left side of the note
Notable markings: “United States Note” printed above the portrait instead of “Federal Reserve Note”
1928 $2 Dollar Bill Varieties
There were several varieties of $2 bills produced in the 1928 series. Discovering which variety you have will help you determine the value of your bill. The 1928 $2 bill varieties are 1928A, 1928B, 1928C, 1928D, 1928E, 1928F, and 1928G, with the most common variety being 1928G. The letter at the start of the serial number will tell you which variety a bill is.
All varieties were circulated in large quantities in 1928. However, there are also uncirculated notes available, which are much rarer. Uncirculated 1928A and 1928B notes are considered the rarest variety, which is why they command a nice premium.
Star notes can also attract a higher price. A star note is one that has a solid five-pointed star symbol at either the beginning of the note’s serial number. They were used to replace misprints at the Bureau of Engraving and Printing (BEP).
The rarest 1928 $2 note is a star note 1928B series, which was printed between February 1932 and March 1933. There were fewer notes produced in this series compared to later series and misprints were less common in this variety. If you can find an uncirculated 1928 $2 star note, it could be worth thousands of dollars. It is estimated that there are less than a dozen of these notes available in the world today.
Some $2 notes are also “mule notes”. A mule note has different font sizes for the front and back plate numbers. This kind of difference doesn’t matter for most notes, but it can increase the uniqueness of a 1928 $2 bill, greatly increasing its value. If you find a star note that is also a mule note, it could be extremely valuable.
What Is The 1928 $2 Dollar Bill Value?
The value of a 1928 bill depends on several factors:
- The note’s condition (uncirculated, about uncirculated, extremely fine, very fine, fine, very good, good, fair, poor)
- The variety of note (1928A, 1928B, 1928C, 1928D, 1928E, 1928F, or 1928G)
- If it is a star note
- If it is a mule note
- Who the prospective buyer is
A bill in ‘uncirculated’ or ‘about uncirculated’ condition is one that does not have any creases, folds, or tears. It looks almost as good as the day it rolled off the printing press. This kind of bill would be of interest to a collector or currency dealer, even it is one of the more common varieties. The approximate value of 1928 $2 bills is as follows:
Circulated 1928 $2 bill in poor to good condition
A typical circulated 1928 bill in good/poor condition is worth anywhere between $3 to $20. The more common varieties of 1928 $2 bills 1928D, 1928F, and 1928G) are sold on the cheaper end of the scale.
Circulated 1928 $2 bill in very good to extremely fine condition
A high-quality bill might achieve between $10 to $50, depending on its variety. It’s common to see pristine 1928G notes being sold for $20-30, while 1928B notes are often closer to the $50 mark.
Circulated 1928 $2 bill star/mule note
Star notes are typically more valuable, with a circulated 1928G star note fetching $30 to $60. Star notes of the 1928B variety can fetch several hundred dollars.
Uncirculated 1928 $2 bill any variety
A common variety like 1928D and 1928G might be sold for about $60-150. A less common variety like the 1928B could be between $500 to $2,000.
Uncirculated 1928 $2 bill star note/mule note
Uncirculated star notes typically start at a few hundred dollars. However, uncirculated 1928B star notes can sell for $15,000 or more. If the note was also a mule note, that could increase its value further. They are highly valuable notes that should be examined by a professional currency dealer.
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