Do you have a $2 bill tucked away somewhere? While they’re less common in everyday use, these bills have a fascinating history and can sometimes be valuable to collectors. The $2 bill was first issued in 1862, during the Civil War, to help reduce the demand for coins. From the beginning, it has featured Thomas Jefferson on the front, though its overall design has changed several times over the years.

The value of the $2 bill has fluctuated throughout history. In the early 20th century, many traded for less than face value. Interest grew among collectors in the 1920s and 1930s, then declined again by the 1950s, when most $2 bills were worth exactly $2.

Today, the value of a $2 bill depends on factors such as age, condition, and rarity. Most modern $2 bills are still worth face value, but certain older notes—especially red seal bills, star notes, or those in excellent condition—can sell for more. For example, some 1953 red seal $2 bills with star serial numbers may be worth significantly more than $2, though high prices apply only in specific cases.

While most won’t make you rich, $2 bills remain a unique piece of American currency history and a favorite among collectors.