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The United States two-dollar bill ($2) is a current denomination of U.S. currency. The third U.S. President (1801–09), Thomas Jefferson, is featured on the obverse of the note. The reverse features an engraving of the painting Declaration of Independence by John Trumbull. Throughout the $2 bill's pre-1929 life as a large-sized note, it was issued as a United States Note, National Bank Note, silver certificate, Treasury or "Coin" Note and Federal Reserve Bank Note. When U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. Production went on until 1966, when the series was discontinued. Ten years passed before the $2 bill was reissued as a Federal Reserve Note with a new reverse design. Two-dollar bills are seldom seen in circulation as a result of banking policies with businesses which has resulted in low production numbers due to lack of demand.[citation needed] This comparative scarcity in circulation, coupled with a lack of public knowledge that the bill is still in production and circulation, has also inspired urban legends about its authenticity and value and has occasionally created problems for those trying to use the bill to make purchases.

Printing $2 bills is twice as cost-effective for the government as printing $1 bills, since they both cost the same amount (about $0.05) to make, but the public has not circulated them as widely. During the Great Depression, few Americans had enough money to require $2 bills. In the middle of the 20th century, $2 bills were commonly used at strip clubs, for betting on horse racing, and for bribery when politicians wanted votes (though this may be an urban legend)[10] and so acquired a negative reputation. The unusual reverse design of the 1976 note contributed to hoarding and combined with the earlier discontinuation to give the impression these notes might be valuable as collector's items, above their face value. The public at large continues to be unfamiliar with the notes because they are not being circulated widely.[11]

Today, there is a common misconception by the general public that the $2 bill is no longer being produced,[12] though bills have been printed with series of 1976, 1995, 2003, 2003A, 2009, and 2013. A series changes when there is a redesign of the bill or changes in signatory; Secretary of the Treasury or Treasurer of the United States. The U.S. treasury reports that $1,549,052,714 worth of $2 bills were in circulation worldwide as of April 30, 2007.[12]

Things such as unusual serial numbers (example: A11111111A), and replacement notes designated by a star in the serial number can raise the collector value. "Collectible" two-dollar bills have been made and sold by coin dealers and others in recent years merely by adding colors and special graphics to regular issue bills by using computer printers. However, these bills are not authorized by the Bureau of Engraving and Printing (BEP) and are not worth anything more than face value on the collectors' market.[13]

Certain conventions and tourism/convention bureaus capitalize on the scarcity of $2 bills in circulation, encouraging convention attendees and tourists to spend $2 bills in order to illustrate to the host communities the economic impact that the conventions and tourism bring. Sometimes known as "SpendTom" campaigns, the $2 bills linger in the community as a constant reminder. Some campaigns encourage people to participate in a hunt for the bills in order to win prizes.[14]