Million Bazillion Why do we have $2 bills if nobody uses them?
Nov 4, 2025
In this enlightening discussion, Alexander Hamilton, portrayed as a ghost, shares the intriguing history of the $2 bill. He reveals how these once common bills were used during the Civil War and why they've developed a quirky reputation. Listeners learn about superstitions that led to decreased circulation and the challenges businesses face with rare currency. With humorous anecdotes and engaging tales, the episode sheds light on why $2 bills still hold value and charm despite their scarcity.
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Origins And Early Use Of The $2 Bill
- The $2 bill has existed since Civil War-era greenbacks and served common transactions historically.
- Its denomination matched daily wages then, making it practical in the 19th century.
Political Rumors Hurt Circulation
- Rumors that politicians used $2 bills to buy votes gave them a corrupt stigma.
- That association discouraged normal people from using them in everyday transactions.
Superstition Led To Damaged Bills
- Superstitions (calling the bill a "deuce") led some to mutilate $2 bills to "reverse curses."
- Tearing corners removed bills from circulation and created legal/tactical problems for banks.