Rare 1928 $2 Bills- Versions That Command Top Prices

The 1928 $2 bill is a notable piece of U.S. currency history, marking the first small-size U.S. notes issued after 1928.

These legal tender notes, featuring a red seal and serial numbers, are highly sought after by collectors.

Their value varies significantly based on series, condition, and unique characteristics such as star notes and mules.

In this article, we delve into the rare versions of the 1928 $2 bill that command top prices in the market.

Understanding the 1928 $2 Bill

The 1928 $2 bill features a portrait of Thomas Jefferson on the obverse and an engraving of Monticello, Jefferson’s Virginia estate, on the reverse.

These notes were issued as United States Notes and are distinguished by their red seal and serial numbers, setting them apart from other denominations of the time.

Rare and Valuable Versions

1. 1928-B Series

• Description: The 1928-B $2 bill is one of the rarest and most valuable in the series.
• Value: In very fine condition, it can fetch up to $1,000. A star note from this series is even more valuable, commanding prices up to $20,000.
• Features: Star notes are replacement notes issued when printing errors occur, making them significantly rarer and more valuable.

2. 1928-C Series

• Description: The 1928-C $2 bill is another rare version.
• Value: In very fine condition, it is valued between $125 and $600. A star note from this series can reach up to $3,000.
• Features: As with other star notes, the rarity and value are attributed to their limited issuance.

3. 1928-D Series

• Description: The 1928-D $2 bill is moderately rare.
• Value: In very fine condition, it ranges from $80 to $400.
• Features: While not as rare as the 1928-B or 1928-C series, it is still highly sought after by collectors.

4. 1928-E Series

• Description: The 1928-E $2 bill is among the rarest in the series.
• Value: In very fine condition, it can be worth between $150 and $12,000. A star note from this series can command up to $2,000.
• Features: The rarity and value are due to its limited issuance and the presence of star notes.

5. 1928-F Series

• Description: The 1928-F $2 bill is moderately rare.
• Value: In very fine condition, it is valued between $80 and $500.
• Features: Similar to the 1928-D series, it is highly collectible but not as rare as some other series.

6. 1928-G Series

• Description: The 1928-G $2 bill is the most common in the series.
• Value: In very fine condition, it ranges from $80 to $500.
• Features: While the most common, it still holds value among collectors.

Star Notes And Mules

• Star Notes: These are replacement notes issued when a printing error occurs. They are denoted by a star symbol at the end of the serial number and are significantly rarer and more valuable than regular notes.
• Mules: A mule is a note that has mismatched printing plates, resulting in errors. These are extremely rare and can command premium prices among collectors.

Condition And Grading

The value of a 1928 $2 bill is heavily influenced by its condition. Notes are graded on a scale from 1 to 70, with higher numbers indicating better condition.

An uncirculated note (graded 60 or higher) is far more valuable than a circulated one.

For example, an uncirculated 1928 red seal $2 bill could be worth over $1,000, while a circulated version may only be worth between $5 and $175.

Value Guide for 1928 $2 Bills

Series	Very Fine Value	Star Note Value
1928-B	Up to $1,000	Up to $20,000
1928-C	$125–$600	Up to $3,000
1928-D	$80–$400	Not Available
1928-E	$150–$12,000	Up to $2,000
1928-F	$80–$500	Not Available
1928-G	$80–$500	Not Available

The 1928 $2 bill is a fascinating piece of U.S. currency history, with certain versions commanding impressive prices in the collector’s market.

Factors such as series, condition, and unique characteristics like star notes and mules play a significant role in determining their value.

Whether you’re a seasoned collector or a newcomer, understanding these nuances can enhance your appreciation and investment in these rare notes.

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