The 1928 two dollar bill is an old bill but most series are not valuable because many were printed. This is the first year that a two dollar bill was printed as a "small bill". It's the same size bill that's in circulation today. Prior to 1928 all notes were larger in size.

One interesting aspect about this bill is that it has a red seal. The only other red seal two dollar bills are the 1953 two dollar bill and the 1963 two dollar bill. The red seal indicates that the bill is a legal tender note and not a silver certificate. The government printed out legal tender notes in order to raise more money.

1928 2 Dollar Bill

1928 2 Dollar Bill Back

Specifications

Denomination: $2.00 USD
Type: Legal Tender Note
Seal Varieties: One: Red
Series: Eight

Value

The value is mainly going to depend on the series and the bill's condition. There are eight different series which include the 1928, 1928A, 1928B, 1928C, 1928D, 1928E, 1928F, and 1928G series. Below are the values for each series in very fine condition and MS 63 uncirculated condition.

Series Very Fine MS 63 Uncirculated
1928 $12 $185
1928A $60 $385
1928B $250 $1,100
1928C $30 $125
1928D $15 $80
1928E $22.50 $150
1928F $17.50 $80
1928G $17.50 $85

Star Notes

1976 2 Dollar Bill Star Note

Any bill with a star symbol before the serial number is called a star note. These star notes are replacement notes that are more rare and more valuable. The 1928A, 1928B and 1928E star notes are especially rare and they command high prices. The 1928D and 1928G star notes are the most common and thus the least valuable. Check out the chart below to learn about the value for each star note series in very fine condition and MS 63 uncirculated condition.

Series Very Fine MS 63 Uncirculated
1928 $225 $1,000
1928A $1,500 Rare
1928B $20,000 Very Rare
1928C $600 $3,250
1928D $100 $425
1928E $2,000 $12,500
1928F $115 $500
1928G $85 $500

Grading System

Very fine- A note that has been in circulation but not for a long time. The note is still relatively crisp. There may be some creases, folds, or light smudges.

MS 63 choice uncirculated- A note that shows no signs of ever having been in circulation. The note still has its original crispness. The note is also well-centered.

Conclusion

The 1928 two dollar bills series can be valuable depending on the series and condition. If you have a star note then it can be quite valuable. Those valuable bills should be placed inside plastic currency holders.

 

Sources:

The Red Book