why did they get rid of the 2 dollar bill?

Answer 1

They were less popular than the dollar coin. They came out in the 1970's and the only time I remember ever getting one in change was about a month ago.

Answer 2

The denomination of two dollars was first used by the United States federal government in July 1862. The denomination was continuously used until 1966 when the only class of U.S. currency it was then assigned to, United States Notes, began to be discontinued. The $2 bill initially wasn't reassigned to the Federal Reserve Note class of United States currency and was thus discontinued; the Treasury Department cited the $2 bill's low use and unpopularity as the reason for not resuming use of the denomination. In 1976 use of the two dollar denomination was resumed and the two dollar bill was finally assigned as a Federal Reserve Note. It has remained a current denomination since then.

Today, two dollar bills are not frequently reissued in a new series like other denominations which are printed according to demand. When the Federal Reserve Banking System runs low on its current supply of $2 bills, it will submit an order to the Bureau of Engraving and Printing, which will then print more. Demand for $2 bills is low enough that one printing can last for many years.

Though many cash registers accommodate it, its slot is often used for things like checks and rolls of coins. Few money-handling machines (such as vending machines) accommodate it, but self-checkout lanes have been known to do so, even if the fact that they are accepted is not stated on the label. Although they usually are not handed out arbitrarily, two dollar bills can sometimes be found at banks by request. Two dollar bills are also appropriately given as change at the gift shop of Monticello, Thomas Jefferson's Virginia estate.

Two dollar bills are delivered by Federal Reserve Banks in green straps of 100 bills ($200). They are often packaged in bundles (10 straps/1000 bills equaling $2000) for large shipments, like all other denominations of U.S. currency.

THE TWO DOLLAR BILL HAS NOT BEEN DISCONTINUED

Answer 3

A lot of people were mistaking it for a 20 dollar bill. Also, some people thought it was a 3 dollar bill.

Answer 4

I did not know they discontinued it, but it never gained wide acceptance. Because there's no room for it in the cash drawers of the cash registers, it was rarely passed out as change and thusly not widely circulated.

Answer 5

From what I can see, it's still a currently issued denomination.

Just not commonly used.

Answer 6

Not enough money in them.