Between May and July 2016, $2 notes were printed for every Federal
Reserve district except Richmond and Dallas. It was a relatively small
part of Bureau of Engraving and Printing activities, with most
districts requiring just 6.4 million notes each. The BEP said at that
time that the demand for $2 notes was satisfied for the foreseeable
future, but on July 1, the Federal Reserve Board and BEP’s Quality
Directorate agreed that “$2 note processes (20 in total) would be
placed on quality hold.”
Connect with Coin World:
Sign up for our free eNewsletter
Follow us on Twitter
The news was revealed by BEP Director Leonard R. Olijar in his
“Director’s Corner” newsletter in the BEP Communicator journal.
Measurements on some new, Uncirculated $2 notes showed increased
“soiling.” This meant that they had a level of dirtiness that could
have an effect on their longevity, and came close to what Olijar
referred to as “the shred threshold.” Notes that are too dark and
notes with ink in areas that should not be printed would be among
those considered soiled.
An interagency system exists to address such problems, and after an
analysis of factors that included changes in sensor software and
reading variances, it was finally determined that the level of concern
was minimal and the work put on hold could be released.