The curious case of the $2 bill in American history

The video explores the history and cultural significance of the $2 bill, known as a 'Tom.' Initially introduced in 1862 alongside the $1 bill, it was a status symbol due to its high value relative to average monthly earnings. The bill was often used for illicit transactions, leading to its negative reputation. Production ceased in 1966 but resumed in 1976 with a special bicentennial edition. Today, while over a billion are in circulation, they are rarely used, often kept as collectibles. A subculture of enthusiasts actively uses them to keep the tradition alive.

What was the significance of the $2 bill when it was first introduced in 1862?

• It was a status symbol for the wealthy.

• It was primarily used for international trade.

• It was used for everyday transactions by everyone.

• It was the only currency available.

Why did the $2 bill get a bad reputation?

• It was not accepted by most merchants.

• It was too expensive to produce.

• It was easily counterfeited.

• It was associated with illegal activities.

What happened to the $2 bill in 1966?

• It was redesigned with new security features.

• It was discontinued for a decade.

• It became the most circulated bill.

• It was only used in foreign countries.

What was special about the $2 bill reissued in 1976?

• It was only available in limited quantities.

• It featured a new design for the bicentennial.

• It was made of a new material.

• It was used exclusively for government transactions.

What is the current status of the $2 bill?

• It is no longer in circulation.

• It is widely used in everyday transactions.

• It is rare but still being printed.

• It is only available to collectors.