Is it time to start paying with $2 bills?
Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? “If you had a $2 bill, perfect,” said Heather McCabe, a writer and $2 bill evangelist who runs the blog Two Buckaroo chronicling her spending with twos and other people’s reactions. “It’s a very useful thing to pay for a small amount.” Yet the $2 note is the unloved child of paper currency.
The aim was to cut the number of $1 bills in circulation and save the Treasury money on production costs. But the relaunch in 1976 failed. People viewed the new version as a collector’s item and hoarded them instead of going out and spending them. The Postal Service offered to stamp them only on April 13, the first day they were issued in honor of Jefferson’s birthday, unintentionally adding to the idea that they were commemorative bills -— a misconception that continues to this day.
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