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In March 1988, the two-dollar bill ceased to be legal tender in the United States. This decision was made by the Federal Reserve, as part of an effort to streamline the country's currency and reduce printing costs.
The two-dollar bill, featuring a portrait of Thomas Jefferson, had been in circulation since 1862. However, due to its limited use and frequent hoarding by collectors, the Federal Reserve deemed it unnecessary to continue producing this denomination.
Despite no longer being considered legal tender, the two-dollar bill is still accepted at businesses and banks across the country. Many people continue to view it as a novelty item or a lucky charm, rather than a form of everyday currency.
If you are interested in learning more about the history of the two-dollar bill and why it ceased to be legal tender in March 1988, there are several resources available online. The website of the Federal Reserve provides detailed information on the decision-making process behind the discontinuation of the two-dollar bill (https://www.federalreserve.gov/).
Additionally, numismatic websites and forums offer insights into the value of two-dollar bills and their popularity among collectors. Some websites even provide tips on how to spot rare or valuable two-dollar bills in circulation.
Overall, the discontinuation of the two-dollar bill in March 1988 marked the end of an era for US currency. While it may no longer be legal tender, the two-dollar bill remains an interesting piece of American history and a unique collectible for those interested in numismatics.
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