Why Are We Still Making (A Lot Of) $2 Bills? - Cheddar Explains
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- เผยแพร่เมื่อ 11 ต.ค. 2024
- The $2 bill is perceived to be very rare, but in fact, there are more than a billion in circulation. Why are we still printing so many of these when no one really uses them on a day to day basis?
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Worked at 3 banks. We always kept new 2 dollar bills in stock. Especially around Chinese New Year.
Also some strip clubs use 2s.
I use the bills and never had a problem getting them from a bank branch.
Those are the fancy strip clubs haha.
😂
I worked at Wells Fargo for 6 years and we kept $2 bills on hand.
Funny side note.
As I gay man I never knew that strip clubs used $2 bills until I worked at Wells Fargo in which I had a Manager that frequented the ho spots regularly. Oh do I miss those days.
That's a great idea for New Year, since it's cheap, "rare," and an even amount. Thanks for introducing a new tradition to my family.
Of all the bills, the $2 bill has the best and most intricate image on the back.
It's called itaglio print and the 2$ has the most of any bill.
Out of all the bills currently being made yes. If you like the $2 bills design definitely look at some of the older notes, especially the 1896 "educational" bill series.
it the same 2000 yen it is there but it is uncommon...
I agree, no Illuminati/NWO coded references, like that some think, that are on the $1 bill.
Intricate, but incomplete. Cut off at the edge to make it fit.
I loved 2 dollar bills when I was a casheir. I'd only give them out to those who were pure of heart
or just smiled or whatever
I've tried to give customers two dollar bills and they don't want them. Some people think I'm giving them fake money. I don't try anymore
emilyshmelimy that's why you have to find someone who's pure of heart. They'll come when you need them the most: when you're out of register slots and it's real busy
@@chistinelane we live in different worlds I think. Our two dollars always go back on the armoured truck
Pure of heart...yeah sure. I only gave them out to people who had at least $2 in change, to get them out of my till.
I always just saved them in the till because I felt like it was rude to give them back as change because they always seem to inconvenience the cashier when you go to spend them.
A friend who was the manager of a plasma donation center loaded the ATM machine in the lobby with $2 bills so that local businesses could see how important the plasma center was to the local economy. Donors used the ATM to collect the money they got for donating plasma and they got it all in $2 bills, which they spent on groceries or whatever.
This is a wonderfully creative and smart idea. Was there some level of surprise in the community or just meh?
That's actually kind of messed up. By paying them in two-dollar bills you are advertising to everybody that they are (probably) poor. It's kind of like how the government used to give poor people food stamps so everybody in the checkout line knew they were poor. (Now they use a card that looks like a credit card.)
@@LincolnRon How is paying in cash an indicator of being poor? Do people in America only use the big denominations or something?
Clever idea, that.
@@Sillykat420 It's only because Ronald is a dumbass.
And yet some folks are getting arrested for using the two dollar bills, claiming they were counterfeit. Cashiers and some cops are not aware the bills exist.
The biggest problem, is cash drawers are not built for two dollar bills.
You can put them where the checks, 50s and 100s are placed. 👍🏻
Every store I have worked in the tills used the 5th spot for rolled coins, not 50s or 100s.
Robert Heinkel You have some stupid cops in your town!
I mean, the 5-slot drawer was originally designed for 1, 2, 5, 10, 20 and then 50/100/checks underneath. Think about it, when do you ever give back a 50 or 100?
Counterfeit two dollar notes, would that even be economic. (proper money paper, proper inks, embossing printers) I doubt counterfeiting a $2 note can really make a profit, at $20, $50 and $100 yes of course. I can't even align text on 2 sides of an 8x11 page, money would have to be perfect!
I can still remember 20 years ago, paying for a purchase with some $2. The cashier thought it was fake money, she called a manager. He thought they were fake too, I honestly think they were about to call the police. If not for other customers, telling them it was real money.
spencer s I heard about a girl who paid for her lunch with a 1935 two dollar bill and they called the police! They thought the girl had counterfitted the bill. But when the whole thing was over, the girl got her lunch, with the bill, back. Funny because that bill has a good Monticello backing on it.
Happened to me too, funny how some people are unaware of the $2 bill
That’s how I received my 1935 $10 I have stupid cashier though it was fake.
spencer s That is one of the reasons I use them. I love it when that happens with a new, usually younger cashier.
@@hewgrebe4771 I was just about to mention that same story. It was an eighth grader at Christa McAuliffe Middle School outside of Houston, Texas in 2016.
I have not seen a $2 in many years, but I have hoarded one...somewhere.
Just go to the bank and ask for a 2 dollor bill where at my dads got 40
I dont think you can hoard one of something.
Richard Jones, tell that to Golem! lol
Heh, I get them all the time as tips. I just end up depositing them to get rid of them lol.
Look for the $2 silver certificate pretty sure those are actually worth more than face value at auction. Also pretty sure you can actually exchange those for silver; comes from the olden days when money was actually backed by something instead of this made up nonsense.
Ironic how prostitutes and politicians cost the same amount back then
it's ironic how you misinformed yourself just to make an attempt at a funny comment.
she said politicians use to bribe PEOPLE for votes with $2 notes.
It's the American citizens who whore their votes out.
@@Alex632 bro chill
@@Alex632 oh man you are tons of fun aren't you?
@@carninuz1 yes I am. But I will not stand by and see a cringe worth comment trying to be funny. I REFUSE TO SCROLL ON BY
Actually with inflation I find the $2 bill to be more useful than the one. With the death of the dollar menu and even sodas costing more than a dollar, the $2 bill has become pretty useful. Plus I work in a bank and can get as many as I want which helps
In Mexico people love USA’s $2 bills because they think it brings good luck
Fr, I got one all folded up in a triangle shape inside my wallet.
I’ve been told the same thing by a Cambodian exchange student.
Well its an unlucky bill so that explains why Mexico can't succeed.
@Jonathan Slater You going through and posting butthurt replies to everyone who is telling the truth shows your insecurity about your country. Not something to "lose your head" over, pablo
@ Let the butthurt flow. Tired of Mexicans being so insecure.
I know a germophobe who would only use $2 bills for his purchases. Apparently he thought they were more hygienic than $1 bills. Not sure of the efficacy of such a plan.
$2 bills are used a lot less than $1 bills, so it’s not a completely unreasonable assumption.
Sounds irrational.
Think of all the strippers who held that $2... Not very hygienic
Kinda makes sense. Less hands have touched it. Nowadays, strippers are more likely to have touched a $1 bill anyway and in my 20s, I saw plenty of different bills being used by people to snort coke among other things. If people are more likely to hoard $2 bills because they think they are collector's items, the bills are likely to have less germs on them.
@@stop.juststop
Nope.
You are an idiot.
Way higher odds that a $2 was in a stripper's cooch than a single.
In Canada we have two dollar coins called twoonies
Heard of that more often & before this 14-15 years ago.
And you wonder why people think Canadian money is a joke...
The name is just a nickname we call are 1 dollar coin a looney because it has a loon on it and a toonie because is equivalent to two loons lol
If you want to see money that’s a joke look at Zimbabwe dollars
Canada sucks just saying no offense
I tried to spend one at a Dollar store once, and the cashier insisted that I keep it and the person behind me offered to pay for my stuff. I insisted that it wasn't rare (it was a 1995 one), but they insisted it was (even though I knew it wasn't) and so I got some stuff from the store "free".
That's so strange haha people are funny
I mean... those are the kinds of people you want in the world, innocent, and helpful, those are honest souls, if by chance you did have a rare bill or something, and the cashier knew it, and tried letting you know, thats honesty at its finest.
Better than them thinking it's a fake bill!
Fact: you can’t own a barbershop in the hood without a $2 bill on display.
They display money ?
Why tho lol
@@holger_p It's not uncommon for small businesses to frame and display their "first dollar" they earned as a business as a commemoration of accomplishment. Less common these days, but during the first half of the twentieth century many barbershops, diners and pharmacies across America had their first dollar proudly displayed.
@@Okusar Ah yes, I've seen this. Just haven't got this was the case here.
@@holger_p You haven't noticed this in most small businesses? Usually a Bill or a Check, it's their first sale. In a lot of older places you'll see $2.
I still use two dollar bills and fifty cent pieces and dollar coins. It's FUN!
@dandanthetaximan :-)
I asked my bank for 50 one dollar coins (it didn't matter which kind of dollar coin) and the teller answered, "We don't have 'play money' here."
Where do you get the fifty cent and dollar coins from?
Sounds like a worthless bank.
Josh Rick lmao😂
if I remember right, the Jefferson Memorial gift shop gives out $2 bills as change...
Ennio Cavuoto
I thought it was the one in Monticello? (Prior to the FRN release of the $2, it had Jefferson’s estate on the back just like the nickel.)
I know in Columbus, you can go to any bank and get two-dollar bills. I do it all the time to mess with my friends who I owe money.
Oh, I owe you $100? Here's 50 $2 bills.
That is a great idea, I'll have to try that some time😂
@Jonathan Slater yes sir, O-H...
@@altosaxguy94 I-O
Howdy neighbor!
If you want to mess with your friends, pay your $100 dollar dept with 10,000 pennies frozen inside a Home Depot bucket. If you owe the dept to a co-worker, take the bucket home and just leave the block of ice on his desk.
This reminds me of the story of the guy in Canada whose old relative had died. He was shredding lots of old papers when a bill fell out of a folder. It was an old $100 note worth several 100Ks. He found more treasures. Of course he wondered what he might have shredded
I keep a stack of $2 bills around for tips and gifts, especially to kids.
They’re a great novelty denomination and still legal tender.
Plus when paying back someone you owe $10, a bunch of $2s are a nifty way of paying em back. Giving someone a single bill means they hoard them, giving someone at least 5 means they’re willing to spend a few.
Used to see them occasionally after they started the new version after the Bicentennial. Haven't seen one in years now.👍💲💲💲
I used to get 2 dollar Bill's at the bank for gag purposes. For cheap tips and novelty as recently as five years ago . The Bank of America had them on hand . As soon as you pass one they go directly back to the bank . Cashiers refuse to use them as change to customers
I always thought it was weird that nobody used $2 bills in America, here in Europe €2 coins are really common.
The problem seems to be that merchants don't carry them. I'm sure if more merchants carried them in their registers, they'd circulate more easily
Same in Canada, we got $2 coins everywhere
I kind of wish bills were more common in Europe. I hate carrying heavy coins when I do use cash, but it's pretty rare that I even use cash nowadays.
@@Andreas4696 Im constantly using cash because im paid in cash at my request, i find that i spend less when i have money in hand versus in a bank account.
@@holyravioli5795 Same reason credit cards are generally bad for saving - people appreciate the weight of their decisions when they see the money leaving their hand.
Don’t have much of a purpose? You obviously don’t spend much time in Gentlemen’s Clubs.
Now I know what to get my kids for Christmas! 😏🤣
My local bank branch always has $2 bills. And $1 coins, and usually 50 cent pieces. Not always at every till, but one always has them.
I love using all of them when leaving tips.
As for perceived rarity, I had a college roommate in the '90s (before the new Sacajawea and presidential $1 coins) who thought the Susan B Anthony $1 coins were ultra-rare. He had a standing offer to buy them off people for $2 each.
My hometown transit system's ticket machines used the Susan B coins as change instead of $1 bills. Every time I went home, I'd pay with a $20 and get a bunch of $1 coins as change, then sell them to my roommate when I got back. (Not all at once, that's too obvious.) He once asked why I always seemed to be the only person who got them "I dunno, I must be the only person who pays attention." :-D
Lol
they are a lot classier than leaving just two singles and people will remember them as lucky bills
It's because of a guy in Norwalk CT who likes them. He petitions every time they move to stop printing them.
They do stop printing them. They are only printed every few years in big batches not are released from the vault over time
We should be using a dollar coin and a two foldable...
@@Spearca in case you were wondering, the 100 dollar bill slot is the cashiers pocket
@Gliff Gulliver The USA has been using the one-dollar coin since 1794. They are most commonly used for vending machines and public transportation. A lot of (most?) company breakrooms have a machine that you put a five, ten, or twenty in a get 5, 10, or 20 one-dollar coins.
Ronald Ron, how many actually do and keep in mind that I was one of the few that carried the dollar coin. Try getting some...
@@cliffgulliver4626 I still get them regularly with change from sandwich vending machines. The Presidential Dollar series, the Sacagawea dollar coins, and the Susan B. Anthony dollar coins are what I run across most often.
Dollar coins are so much more durable than dollar bills and they are worth enough to carry around.
Everything you talk about (and more) is covered on our channel, dedicated exclusively to $2 bills. So much more to learn! It's a truly fascinating bill.
At the bank I work at, I always order enough $2 bills to ensure we have 100-200 at all times. Much less than any other bill, but the amount of old ladies coming in asking for them for gifts (especially around Christmas) makes them worth having at all times
Trust me I deal with counting thousands of dollars every day as operations manager at a big food chain, the issue of where to place your two dollar bill isn't a big issue, I come across a few of these once a month.
I have a few from the 60s in my grandpa's collection from his travels in Europe during WW2. I also like Jefferson. Jefferson or Burr? But if you had to choose
Just wanted to drop by and say that I remember you from a comment section on another video. That guy who commented before is wrong btw.
Why aren't they used more often? We have both a €1 and a €2 coin and both are very useful..
Because America
I'm a canadian, $2 coins make bottle soda machines a one coin deal! No need to flatten out bills to make them work(the new-ish plastic bills don't really crumple anymore)
American currency is weird. all of our bills are the same color and size, and all of our coins below a quarter are hardly used... we really need to change it up.
ComradeBroosk Inflation ruined our currency.
Coins are heavy and take up a lot more space than bills. Unless you empty your wallet every single day.
Yeah, but what about these Clinton $3 bills? I was able to get a few hundred, hope they worth a lot now!
@@ruripapi They're novelty bills dude, calm down lol
They were privately printed as a novelty by commercial printers to fulfill a demand to mock the President. They were not printed by the government and are not legal tender.
All we needed to hear
- 👮♂️👮♀️
That’s not legal tender
A Nintendo Switch Lite With 10000 Subcribers 100 years old 😂😂 are you an idiot? Clinton bills! 😂😂
Before I studied abroad in Japan, I went to the bank in America to exchange some dollars into yen. They gave me a few 2000($20) yen notes. The Japanese found it as interesting as we find the 2 dollar bills and a lot of them asked if I could give what I had to them (they gave me 2 1000 yen notes in exchange)
I used to buy them out of the till at a theater where I worked. One of our regular customers was Eli Callaway, of Callaway Golf. He was a $2.00 bill fan himself, and used to have pads of them made up. When he found out I collected them, he graciously used to pay for everything--the box office and the concession--with twos. Between him and others who randomly spent them, I ended up with 1,000 of them within a year or so.
Used them as a down payment on a car--took the finance guy awhile to count them. Often when I go to the bank I ask if they have twos, and I buy a few, which I use for tips.
Had a great aunt who used to give them out for Christmas.
MelloDees good aunt. I thought they were only made in 1976, but way before and after, they are still being made.
We know where she got them
MelloDees
Drop the dollar bill for coins, and print more 2's. IMHO, its a decent setup.
Do you use Arch by any chance?
@@KeithBoehler you are not incorrect :)
@UCn2u4QEMOF4HnAFpA2V05VA That's because people didn't pick up the two. They wouldn't only need a fifth of them. It's also just slightly bigger than a quarter. The one that was heavy was larger than the half dollar so they changed it YEARS ago
That is basically what the Uk has done, but they have gone more extreme. £1 and £2 are both in coin form only now, the paper £1 are no longer legal tender.
@@chisaten I would honestly find £1 and £2 notes more convenient than coins and I live in the UK. Coins are a bit of a hassle to fit in your wallet and fiddle about with getting the right amount, a note can just go in your wallet with the rest of your cash and the coins can just be used as change.
I needed $2 bills recently and had no trouble finding them. The first Chase I went to was able to give me dozens of them no problem. It’s a really cool bill!
I feel the kid I hand a $2 bill to is less likely to drop it on candy immediately; it will be a more desperate, last ditch effort day that the bill is utelized. Also $2 notes are offered as change at strip clubs in order to encourage higher tips. Sometimes I worry about what people think of me when I am carrying around a stack of 2's 🤣
I’ve never been told by a bank that they didn’t have $2 bills, having tried in many states.
I used to give a few of them as gratuity at a restaurant. I currently use them as “tooth fairy” money with my kiddos. 😃
$2 from the tooth fairy. That’s an excellent idea. How magical
I regularly use $1 coins because a roll that I can use for parking costs is easier to keep in my car's ashtray than $1 bills. Makes me want to add $2 bills to the mix!
The 1976 and oldes ones are special.
I get two dollar bills at my bank at least once a month and use them.
You go to a bank ? How old fashioned .... ;-)
As a cashier I honestly wish people would use them and half dollars more. Why? Because it makes counting change quicker for me. It's easier and quicker to get 2, 4, or 7 dollars when using twos, and it's quicker to get to any amount of change at or above 50 cents when using half dollars.
It saves time for you, time for me, and it takes up less space in pockets, and wallets.
The devaluing dollar sparks concerns about economic instability, reminiscent of the misconception surrounding the $2 bill - often perceived as rare, despite being consistently printed since 1862. In reality, its scarcity stems from low circulation and limited demand, not rarity. This misconception parallels my cautious approach to investing in unconventional assets.
My local bank consistently stocks $2 bills, readily dispensing them upon request. I make it a habit to grab some whenever I visit, finding them incredibly convenient for transactions requiring larger denominations, such as $10 or $20, paired with smaller bills. In these situations, I prefer using $2 bills over $1 bills - they're more practical and efficient.
$2 bills, though perceived as rare, are readily available at banks to fill the gap in pocket change, particularly dimes and quarters. Working with a fiduciary has helped me navigate investments, diversify my portfolio, and consider inflation-resistant assets to align with my financial goals.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Rebecca Noblett Roberts has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
You intrigue me Cheddar, you seem really corporate and polished, but you actually produce interesting content.
ikr them and vox new obsessions
Here in Brazil the R$1 is the one that died in favor of the R$1 coin. We use 2's a lot. And in total we have 1 (no one uses, do not expect to get change on X.96,X.97, X.98 or X.99 and other exemples it will get round to X.00 or X.95), 5, 10, 25, 50 and R$1 coins and 1 (also super rare), 2, 5, 10, 20, 50 and 100 bills
I take $100 in $2 bills any time I’m in South America. They love them down there since they are good luck. Perfect tips.
Yeah I heard about that too
At the Capitol building in Arkansas, if you go to the treasurer's office, they have a whole cash register of fresh, newly minted, two dollar bills. You can buy them for the low low price of $2.00
Meant to say Little Rock, Arkansas. Have a good day.
cheddar i need more of this videos, how about daily?
You want more Cheddar videos or more $2 bill videos? We've got the latter
@@TheTwoDollarBillDocumentary Fancy seeing you here
@@TheTwoDollarBillDocumentary Good advertising, I subbed.
They are great for cash tips to wait staff.
Giving a 20% tip in two dollar bills for great service. They will remember you, and you will get equal or better service next time!
Of course a 20% tip in unrolled pennies is a statement to bad service! That is one step under complaining to the manager or owner! That wait staff is usually gone soon after that! At a local Pizza shop the waitress swept the pennies off the table towards other patrons, she was gone and the manager apologized (free Pizza was had, the next week)!
3 days ago I was looking for a video about this, I swear every time I look for a video one of these channels comes up with a video the next day
I remember back in the days we use to put $2 dollar bills in the picture frame
I've had three $2 bills tucked away in the back of my wallet for... one of them has to have been there for over 20 years.
gimme if its old
I have a $2 bill with my birthday in the serial number
Save that for life
Now these days I rarely see $50's anymore and 2's and 10's are a close second.
Inflation has had a similar effect on $50 bills and $100 bills where the $50 isnt worth carrying around because its so similar in value to the $100 bills. Like how many things do you buy that cost between $50 and $100? Most are either more or less. Same with $5 and $20 bills.
I have an old USN (United States Note, aka Red Seal notes) $2. Prior to 1976, the back of the $2 had Monticello on the back.
I get mine from my bank and I use them all the time. I also use cash instead charging. I also use 50 cent pieces.
I’ve always kept 2 dollar bills for good luck. I also keep every bicentennial quarters I find in my change. I think I have 60 or so.
Every time somebody hoards one of these bills, it's another free ($2) loan for the Federal Reserve :D
At the dirt bike park I go to, the owner gives $2 bills out for change (if applicable). It's really neat.
Also, I love my $2 bills.
I've been hoarding my 2 $2 Bill's for a few years now. I just like the way they look and you never seem to come across it.
I get them every time I pull out cash from the bank, its fun to spend and since people think they are rare you can talk people down at yard sales/flea markets when paying with $2 bills.
Ive always been fascinated with the states using cash instead of coins for small currencies
At one point the FRB planned to eliminate $1 bills and rely on $1 coins instead. The $1 coins were almost exactly the same size as a quarter and flopped.
5:57 Oddly enough, when there's something and they make more of it, there's more of it! Woah! Who knew?
The idea is the new printed ones will replace the damaged ones. At 6:09 all those notes will be destroyed because they are in bad shape.
Jonathan Slater chill
Spread them cheeks boy
I usually get a couple straps of 2$ bills around Christmas... They have a ton around that time.. I use them and give them away for gifts
I wish I had one two dollar bill🙃🙃🙃
Wish I had a job.
Christopher Michael working is fucking boring but the paycheck is what keeps you motivated
I get them back as change at the local coin shop, and quite a few other places😁
I'll give mine two you for $5
JakeAndBake you will be very successful in the corporate world, i can tell
I've ordered a bundle a few times from my bank. It took about a week after the order was placed.
The REAL questions is why do we still have the penny? It’s almost worthless. Just round the price down or up to five cent denominations
The answer is tradition. Americans hate change! (no pun intended).
Cause you don't want different treatment of card payment and cash payment.
in the UK we dont have a 2 pound note or a 1 pound note but 20 or so years ago we did a 1 pound note but since the 1 pound coin was still in circulation (which is still now and recently got a re-design) the one pound note only lasted a few years since no one sees the use of it but is now worth a lot.
What about the $500 bill?
And the 50$ bill?
Wait... Is there a 50$ bill?
@@SebastianHaban Yes lol
Sebastian Haban 50s are getting nuked because most places only except bills less than 20.
Denominations above $100 were only being used for big drug deals, so the Gov't quit producing them.
We just posted a video about the $500 bill (and $1000 bill) on our channel. Here's a hint: they don't make either of them anymore (and we explain why)
Vancouver, WA here! People ask me where you get 2 dollar bills from. I tell them only two places I know. Some strip clubs in Portland, Oregon (I guess strippers were complaining about how cheap customers were and only throwing a dollar at them for a dance so there's a 2 dollar limit now) and a few certain Weed stores gives 2 dollar bills back as change. Out of all places!!!!
So a "two dolla ho" was actually a reasonably priced prostitute back then. Interesting.
Sometimes when I go to the bank for a withdrawal I’ll get $100 worth bc they come in a band and are brand new alot of the time they’re honestly fun to spend
I don't know why the US hasn't stopped production of the $1 and $2 banknotes, and kept the $1 coin and introduced a $2 coin as well
Same reason we don't eliminate the cent and the nickle, whatever that reason may be. 🤷♂️
Dollar coins are the same size of a quarter. Which was confusing.
Noy Telinú Didn’t think of that, perhaps the $1 coin should be increased in diameter by 25%, and made bimetallic (cupronickel and nickel brass), and the $2 should be 25% larger than the $1, and also made bimetallic (cupronickel and brass plated steel or bronze). Hopefully this would work.
Or mint quarters with a hole in the middle, and dollar coins without
Don't be ridiculous, that would make too much sense and we all know how Americans feel about being logical
@@alexjenkins1079 you just described a 1 and 2 € coins
Because of inflation, and things no longer being $1 (usually $1.25-$2 now), it's better to use $2 bills.
All this time I thought they were out of print!
Worked at a small bank. We only had 2 dollar bills we got from customer. If people wanted a lot we had to order it amd wait a week for delivery
Its a sad day when someone can ask for 'a couple' of something, and neither the person asking, nor the person being asked, knows exactly how many is wanted.
LOL
If you ever visit Ecuador or Panama bring two dollar bills. They use US dollars as their currency and two dollar bills are not common. I use them as tips mostly.
The video is awesome. Idk who is giving it a thumbs down.
Probably people who watch our channel and know that all of this information was probably learned from there. The $2 bill has some avid followers.
@@TheTwoDollarBillDocumentary boy wouldn't you just hate to be a uni professor
Disturbingly, some people and businesses think that $2 bills are not real money.
Also, "The Federal Reserve actually makes the decision as to which bills need to be printed." I bet most people don't know that. Maybe you could do a video on the Federal Reserve (if you haven't already).
Also, I had no idea that some people would tear the corner of a $2 bill to get rid of the bad luck. That's a new one on me.
Did you guys rip off The Two Dollar Bill Documentary channel with this video? They made one video answering why $2s are still being made. They also did one where they went into banks trying to get $2 bills. Another discusses the politicians and race tracks, and yet another shows how $2s are used in a cash register. It seems like you learned from them in order to make this video.
I heard once that a guy actually uses them in the stores. He was hauled down to the police station for counterfeiting, the stupid air heads, store manager, and police never seen them before. He was soon released.
Always makes me laugh to hear "experts" making the case that we should be doing away with our worthless currency (pennies, nickels, dollar bills), rather than pointing out the obvious fact that our money has been purposely inflated away to zero value in the interest of fueling the economy (i.e. making rich people richer).
Except the penny. It’s got to go. It costs over 2 cents to mint a penny 🤦♂️
I had been told at one point that they were quite common on military reservations overseas. Seems that they are also half as expensive to ship to banks and post exchanges.
Might be a dumb european question, but why would you have a 1 or 2 Dollar bill? 1 Doller is worth less than 1 Euro, but 1 Euro is a coin.
Can't speak for everyone but I prefer a banknote.--Less cumbersome than a bunch of coins
Americans generally do not much like using or thinking about coins, so spare coins from purchases often go into some form of a "change jar" to save for something, donate to charity, or just cash in all at once when full. We do mint $1 coins, but these have failed to enter circulation to any significant extent, so due to demand, we continue to print $1 bills, even though the long term cost of making them is higher.
Erdnussflip007 who the fuck uses change
@@TheLocalLt To use "coins" and "change" synonymous, leads to the question why having two words for the same thing ? If you pay $10 with $100, you get $90 change. Those people use change. Unless you pay by card, no cash, no change.
Holger P. The word change has two money-related meanings: the money you get back from a purchase including both cash and coins, and the coins themselves, but only in the context of coins acquired as part of getting change. Ie if I say “I have a ton of change in my car” everyone knows I mean coins, but I wouldn’t say “the mint is where they make change” I’d say coins
At work I've had a few people give me $2 bills, but a *surprising* amount still give me 50c pieces.
America is a strange place, where people rip up money, because they think it brings bad luck
My people!!
Peter Zwegert makes a comment about money... no surprise se so far. But shouldn't you be out there telling people of how to get rid of their loans on tv?
Sebastian Haban currently working on an Italy special, trapping an entire country in a RTL contract will be my masterpiece
Never heard of this unlucky business in America either. I always get $2 bills as part of "lucky money" for Lunar New Year.
There's a bit of a superstitious reason for that. At one point in time, a nickname for the $2 bill was 'The Deuce'. The Deuce is also a nickname for the devil. Ripping a corner was meant to negate the devil's influence. Once all four corners were ripped, the bill is SUPPOSE to be disposed of.
Fascinating video. Yes I too use to keep these bills. They actually look beautiful. When I was younger I use to make the paper cash ring and used the 2 dollar bill and gave them away as presents. I don’t do it anymore but yeah I would usually keep them.
I save my $2 bills as collectible items. I never spend them.
Ur just sitting on deflating money
@@jahjoeka It's probably like $20 dude, who cares? Let people have fun
Around Christmas time I go to my bank and they always have lots of freshly printed two dollar bills. They are crisp, and in sequential order. I usually get 2-5 straps, between $400 and $1000, To use for tips throughout the year. If you’ve never done it, you’d be surprised how people go nuts over them.
Could have just gone to the post office. They always have them.
The local scrapyard pays out in $2 bills and dollar coins exclusively. Actually, it's damn good advertising...whenever you buy something with them, everybody knows you've been to Thompson's Scrap Metal.
Get rid of the penny! 💰
And the nickle. And the dollar bill.
Matthew Stinar - the dollar bill is extremely essential to our economy
@@iraccoon8830 And what would be the detriment of moving to the dollar coin as the sole form of $1 currency?
Matthew Stinar dollar coins cost more for the government to produce as opposed to dollar bills. While this won’t destroy the economy by itself, there are countless other reasons. For example, the dollar coin is much easier to counterfeit than the dollar bill. I strongly recommend looking up articles on the topic
@@iraccoon8830 Economics shoot both those arguments down. The counterfeiters care about the initial production cost because they only spend or sell the coin once. Government bares an ongoing cost as they replenish the supply, so their costs are lowered by the use of coins. The cost of keeping two billion dollar coins in circulation for two decades is much lower than the cost of keeping two billion dollar bills in circulation for two decades.
For my sister's wedding instead of giving her $200 cash as a gift (I'm broke in college), I bought a tiny treasure chest from Michael's, stained it with wood stain we had left over, put cotton balls ripper up in the bottom and put a BRAND NEW treasury-strapped $200 in twos. All you gotta do is ask the teller to order them for you.
I just wanna point out that, the video makes the $2 bill seem literally twice as common than it actually is.
There are NOT 1.5billion $2 bills. There are $1.5billion WORTH of $2 bills, meaning there is more like 750million bills printed.
Not even 1billion bills and y'all are making it sound like there's almost 2billion.
But not a big issue, just wanted to point it out. Your writer miss read. :)
Neat! I knew they were still being printed. You can even order uncut sheets of bills from the Bureau of Engraving & Printing (they’ll frame it for you, too, for a price of course). Much like the mint has coins like the half dollar and dollar and eagle coins I kinda figured maybe that’s why the $2 bill was still being made and so it seems. It’s disuse, however, is info I didn’t know and explains why it fell out of favor with the public.
As someone who works in retail, owns a vending company, and has family that owns retail businesses I’ll admit that there are times when I wish the $1, $2 bills would be discontinued along with pennies (1¢ coin). This would open up space in the cash refill tills and vending machine change slots for nickels, dimes, quarters, half dollar, and dollar coins. It also means that smaller candy machines can have a simple dollar coin mechanism that breaks less often that the four quarter mechanisms (there are no half dollar mechanisms because the half dollar usage is as low as the dollar coin usage). In the bills part of a till it would open up slots so that it consists of $5, $10, $20, $50, and $100 bills so no need to crowd the last slot with everything above a $20 and occasional $2 bill. It would work the same for petty boxes and the bill change machine in vending machines that carry products that require making change with bills as well as coins. Sure in the past both retail and vending industry groups have opposed changes. That’s changing as inflation has made it not only inconvenient but added operational costs to continuing with the status quo. However neither Congress nor the Federal Reserve seem likely to change this. Their argument is that people won’t accept the change. But that’s not what has been seen in other places where the coin and bill options changed. People will use what is given to then by banks and stores and banks and stores will give what they are given by banks and reserve banks, etc. There are some retail companies that have moved to replace pennies and round everything to the nearest nickel at checkout and price things as if pennies don’t exist and some vending machines can likewise be programmed the same way. Still, the fact that businesses are having to try to make changes that is the government’s responsibility as the money is fiat by them and they alone print and mint it is frustrating. Add to that when some media outlets try to spur outrage by doing stories about these changes by companies only adds to the problems.
Great video!
If the retailers favor eliminating the penny, where are they? I can't think of a single place where they round to the nickel. From coffee to fast food to clothing to Target and Walmart. If they started rounding, then maybe...?
As long as retailers are rounding-down and taking on the tax burden, why should I have to pay extra in tax just for business' convenience?
I am a European and i still cannot Imagine why you should have this much Paper in your bag. It's so ridicilous.
@NBC ROBLOX in Europe we did even have a 5 (those Times deutsche Mark) coin.
@NBC ROBLOX American bills are 75% cotton and 25% linen. No trees are used in the production of these bills.
They're made out of cotton why do people think it's paper 🤣 it doesn't even feel like paper.