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2 Dollars United States Note, Red Seal left
| Issuer | United States Treasury |
|---|---|
| Year | 1928 |
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| Composition | Cotton paper |
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|---|---|
| Obverse lettering | Series 1928 through 1928 B: UNITED STATES NOTE THIS NOTE IS A LEGAL TENDER AT ITS FACE VALUE FOR ALL DEBTS PUBLIC AND PRIVATE EXCEPT DUTIES ON IMPORTS AND INTEREST ON THE PUBLIC DEBT THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND TWO DOLLARS Series 1928 C through G: UNITED STATES NOTE THIS NOTE IS A LEGAL TENDER AT ITS FACE VALUE FOR ALL DEBTS PUBLIC AND PRIVATE THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND TWO DOLLARS |
| Reverse description | An intaglio vignette of Monticello, Thomas Jefferson's neoclassical Virginia estate, is set within an oval cartouche at centre, framed by elaborate green guilloche scrollwork and foliate ornaments. The bold numeral 2 flanked by the word TWO appears in each lower corner, with additional TWO DOLLARS legends in the upper corners. The country title THE UNITED STATES OF AMERICA arcs across a banner above the central vignette, and the caption MONTICELLO appears below it, all rendered in green on white. |
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| Comments |
The 1928 series marked the introduction of the small-format United States Note, replacing the large-size $2 Legal Tender that had circulated since the Civil War era. These are United States Notes — obligations of the Treasury directly, not Federal Reserve Notes — a legal distinction that kept the $2 Legal Tender series alive well into the 1960s despite having no practical advantage over Federal Reserve currency.
Seven signature combinations span nearly two decades of continuous issue, from the Hoover administration through the early Truman years. The 1928E (Julian-Vinson) is the key rarity in the run — low print figures make it significantly scarcer than its neighbors, and even circulated examples attract serious attention.