Collecting $2 Bills Dated From 1862 to the Present
Collecting $2 Bills Dated From 1862 to the Present When the Continental Congress was considering the first federally issued money, initially it authorized bills of credit in many denominations, including $2. But only a relatively small number of said $2 notes (49,000) were authorized. The problem is that that paper currency (not only $2 bills) was backed only by the word of Congress and rapidly depreciated in value. This led them to forbid paper currency as legal tender and the issuance of ...
Source: coinweek.com