Security Features on the $100 Bill

by Goldstar ATM | February 10, 2023 | Money Matters | 0 Comments

In order to discourage counterfeiters and criminals from attempting to copy and use fake U.S. currency, American money incorporates several security features. Visual Capitalist, an online publisher that focuses on markets, technology, energy and the global economy,...

The History of U.S. Paper Money

by Goldstar ATM | February 3, 2023 | Money Matters | 0 Comments

Most of us have some denomination of greenbacks stashed somewhere. Whether in our wallet or in a shoebox under our beds, U.S. paper money has a long history. Paper Currency According to the U.S. Currency Education Program, paper currency was established in the United...

More Americans Now Have Bank Accounts

by Goldstar ATM | January 27, 2023 | Misc. | 0 Comments

The Federal Deposit Insurance Corporation (FDIC) recently released their 2021 National Survey of Unbanked and Underbanked Households. Since they began tracking household banking data in 2009, the FDIC has reported on how many U.S. households are either unbanked or...

Security Features on the $100 Bill

Security Features on the $100 Bill

Money Matters

February 10, 2023

In order to discourage counterfeiters and criminals from attempting to copy and use fake U.S. ...

The History of U.S. Paper Money

The History of U.S. Paper Money

Money Matters

February 3, 2023

Most of us have some denomination of greenbacks stashed somewhere. Whether in our wallet or ...

More Americans Now Have Bank Accounts

More Americans Now Have Bank Accounts

Misc.

January 27, 2023

The Federal Deposit Insurance Corporation (FDIC) recently released their 2021 National Survey of Unbanked and ...

ATM Demand on the Rise

ATM Demand on the Rise

Industry News

January 20, 2023

A recent report by SkyQuest Technology Consulting finds that the demand for ATMs is increasing, ...

What Happens When Currency Gets Destroyed in a Natural Disaster?

What Happens When Currency Gets Destroyed in a Natural Disaster?

Money Matters

January 13, 2023

Natural disasters are becoming more prominent around the United States – and the world. Climate ...

Foreign Coins Minted in the U.S. During WWII

Foreign Coins Minted in the U.S. During WWII

Money Matters

January 6, 2023

There are three active mints within the United States (San Francisco, Denver, and Philadelphia). Each ...

When people think about cash currency in the United States they most often think of the most popular denominations: $1, $5, $10, $20, and maybe, wistfully, $100. Hardly anyone these days thinks of or remembers the $2 bill. Most people think $2 bills are a thing of the past and that they are no longer in circulation. Those assumptions are wrong. The $2 Bill According to a CNN Business article, “The Treasury Department’s Bureau of Engraving and Printing (BEP) will print up to 204 million $2 bills this year, based on an annual order from the Federal Reserve System. There were 1.4 billion $2 bills in circulation in 2020, according to the latest data from the Federal Reserve.” That being said, the $2 bill accounts for a mere drop in the bucket of the $2 trillion worth of currency in circulation in the U.S – only 0.001%. Misunderstandings It’s unfortunate that Americans largely misunderstand the $2 bill as it is very handy to have when making small denomination purchases. And while the BEP doesn’t need to request the printing of new $2 bills each year, it still is in active circulation. The bills just tend to last longer because they are used less often. Steadfast Supporters There are, however, $2 loyalists. According to the Wall Street Journal, U.S. Air Force pilots who fly U-2 spy planes keep a $2 in their flight suit. Additionally, supporters point to the fact that it costs about half the funds for the BEP to print a $2 than a higher denomination. This is largely due to costlier security features that are printed on higher denominations. Also, the Treasury Department can print twice as many $2 bills than $1 bills representing the same value. With all of those sound reasons why $2 bills are more efficient and, frankly, fun to use, let’s hope that a trend takes off to start using the $2 more regularly. Here’s to the $2s!

Whatever Happened to the $2 Bill?

Money Matters

December 30, 2022

When people think about cash currency in the United States they most often think of ...

Starbucks Going Cashless?

Starbucks Going Cashless?

Misc.

December 23, 2022

Okay, okay, there is merit in having the discussion about whether or not we should ...

The Dream of The Universal ATM

The Dream of The Universal ATM

Industry News

December 16, 2022

Cashless and contactless payment systems rose steadily during the COVID-19 pandemic, even as the amount ...

Top Countries That Count on Cash

Top Countries That Count on Cash

Money Matters

December 9, 2022

While credit card companies are pushing for a move to a cashless society, that situation ...

Carrying Cash While Traveling

Carrying Cash While Traveling

Money Matters

December 2, 2022

After two years of essentially staying put during the COVID-19 pandemic, many people are eager ...

George Washington Quarter Shifts to the Right

George Washington Quarter Shifts to the Right

Money Matters

November 25, 2022

Since the first appearance of George Washington on the U.S. quarter, the likeness of the ...

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