Jim W.writes: My 5 year old son recently received two $2.00 bills as a gift. They are from 1928 and are in excellent condition. Can you tell me how much they are worth and if they are valuable, what is the best way to store them. Thanks!
Series 1928 $2 notes are called “Legal Tender” or “United States Notes” and have a red seal. Only the note that has the Tate-Mellon signatures were actually printed in 1928. Series 1928 terminated in 1952 with the 1928G series.
Value, to a collector, depends on condition (grade) and type (normal or replacement. Replacement notes have a star next to the serial numbers). The term “excellent condition” has no meaning to a paper money collector (you have to know grading terminology).
Value range: face value – $300. depending on grade and series letter. The rarest of the group of 1928 notes are the 1928B (Woods-Mills). These range in value from $20 -$1,000 depending on condition. Uncirculated “Star” notes range from $200 – $20,000 depending on series letter. (1928B Star is the rarest combination).
Bank notes should be stored in either acetate or Mylar holders. Do not use vinyl holders, they will damage your notes. See your local coin or hobby shop.