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The 1928 Series $2 small size legal tender note holds a special place in the history of American currency. Issued during a transformative period in the nation’s financial system, this note is part of the first small-size series of U.S. paper money. Before 1928, U.S. currency was issued in larger sizes, but the introduction of small-size notes aimed to reduce printing costs and enhance convenience. The 1928 Series $2 note represents this significant shift and remains a sought-after collectible for currency enthusiasts and historians.
The obverse of the 1928 $2 legal tender note features a portrait of Thomas Jefferson, the third President of the United States. Jefferson's image is surrounded by a fine, ornate border, reflecting the intricate engraving work characteristic of early 20th-century currency. Above Jefferson's portrait are the words "United States Note," signifying its status as legal tender. This distinguishes it from other types of currency, such as Federal Reserve Notes. The note's denomination is prominently displayed in each corner, with "Two Dollars" inscribed below the portrait. The red seal and serial numbers are distinct features of legal tender notes from this era, adding a vibrant contrast to the predominantly green and black design.
The reverse of the 1928 $2 note showcases an elaborate and symbolic design known as the "Monticello" vignette. This depicts Jefferson's iconic home in Virginia, Monticello, an architectural masterpiece that Jefferson himself designed. The image highlights the neoclassical architecture and serene landscape of the estate, celebrating Jefferson's contributions as a statesman, architect, and scholar. The denomination "2" appears in each corner, with "The United States of America" and "Two Dollars" prominently displayed above and below the vignette, respectively. This design underscores the historical and cultural significance of Jefferson and his legacy.
The introduction of the 1928 Series small size notes marked a pivotal change in U.S. currency. The shift to smaller notes was driven by the need to reduce production costs and make the currency more manageable for everyday use. The Bureau of Engraving and Printing (BEP) was responsible for producing these notes, utilizing advanced printing techniques to ensure their quality and security. The red seal and serial numbers, along with intricate engraving and high-quality paper, were measures taken to prevent counterfeiting and maintain the integrity of the currency.
The 1928 Series $2 legal tender note was issued in relatively limited quantities compared to other denominations. This was partly due to the $2 note's lower usage in everyday transactions, as higher denominations were more commonly used. Consequently, surviving examples of the 1928 $2 note, especially in higher grades, are relatively scarce. Notes in good to very good (G-VG) condition exhibit moderate to significant signs of circulation, such as folds, creases, and slight edge wear. Despite these signs of wear, the design elements and key features remain intact, allowing collectors to appreciate the note's historical and aesthetic value.
Collecting the 1928 Series $2 legal tender note provides a tangible connection to a significant period in American monetary history. These notes represent the transition from large-size to small-size currency and reflect the economic and technological advancements of the early 20th century. For numismatists and history enthusiasts, owning a 1928 $2 note is a way to preserve a piece of American heritage and explore the intricate artistry involved in currency design and production.
The 1928 $2 note's design, featuring Jefferson and Monticello, emphasizes the enduring legacy of one of America's Founding Fathers. Jefferson's contributions to the nation, both as a statesman and as an intellectual, are celebrated through his prominent placement on the note. Monticello, as a symbol of Jefferson's ingenuity and vision, further enriches the note's historical significance. This combination of historical context and artistic excellence makes the 1928 Series $2 note a compelling piece for collectors.
The 1928 Series $2 small size legal tender note remains a fascinating artifact of American financial history. Its introduction marked a key moment in the evolution of U.S. currency, while its design and limited mintage add to its appeal as a collectible. Notes in G-VG condition, despite their signs of wear, retain a significant degree of historical and aesthetic value, offering a glimpse into the past and the enduring legacy of Thomas Jefferson. For collectors and historians alike, the 1928 $2 note is a cherished piece that continues to captivate and inspire.