The two-dollar bill was initially issued in 1862 but had largely fallen out of circulation by the mid-20th century. In recognition of Thomas Jefferson’s contributions to the founding of the nation, the Treasury Department planned a special reintroduction on his birthday in 1976. This initiative took place alongside various events designed to celebrate the United States Bicentennial, consolidating national pride and historical reflection on the country’s past. The two-dollar bill, which features a portrait of Jefferson on the front and a depiction of the signing of the Declaration of Independence on the back, was released as a modern Federal Reserve Note in a bid to revitalize interest in this unique denomination.

The timing of this reissue was significant, reflecting a renewed interest in American history coinciding with the Bicentennial festivities. The celebration included numerous public events, educational displays, and various promotions aimed at engaging citizens. The two-dollar bill was particularly noted for its rarity, becoming a topic of conversation, and rising in popularity among collectors and general public alike. The Treasury anticipated that reintroducing this bill would encourage its use while commemorating an influential founding figure.