My neighbor said he got paid in the Navy every two weeks 1962 being seaman second class (two little green stripes) and was paid $42.90every two weeks and was given two 20’s and $2 bill and didn’t have a reason why they did that… It sounds like a legit reason. To track where the money went and he said he didn’t know a reason, but it does cost the same to print a $2 bill as a $1 dollar bill so costs the goverment less (6.2cents for both ) also it was kinda known that a lot of things that were bad cost 2 like prostitution said they would turn tricks starting at $2… It was said that politicians bought people bribes at $2 (wether or not a myth idk ) and track races were $2 as well… Idk if military did it to track what the guys were spending but imo sounds like more than likely used for simple
Fact was cheaper and could show the how the military raised the local economy…?..
I didn’t think they existed. I just watched Reacher and in one of the early episodes he talks with a guy in a bar:
Two-dollar bill?
Huh?
Mailmen have 'em 'cause the Treasury pawns 'em off on the Post Office.Public doesn’t like 'em.
Gambling addicts get 'em in change at the race track on account of the standard two-dollar bet. I don’t see a mailbag. Something tells me you wager more than you make and you could use some extra cash.
The reason… once I changed some Deutsche Marks into $$ at an airport counter. The algorithm was: dispense the largest possible denomination every time. So, after counting a $10 bill comes a $5, then $2 bills, then $1, then coins (they didn’t have $1 or 50-cent coins though iirc). $42.90 = $20 + $20 + $2 + $.25 + $.25 + $.25 + $.10 + $0.05
Then somewhere along they line, they switched back to the 5-slot versions. In the late '90s and early '00s, both Burger King and Walmart used 5-slot drawers; $1, $5, $10, & $20–with the 5th slot being used for coupons and spare rolls of coins (we put the $50 & $100 underneath the drawers).
Slightly related: when i worked at a bank, the local strip clubs always picked up a TON of two dollar bills every week. We were constantly ordering more because they’d take several thousand dollars worth a week. I once asked, “Why $2 bills?” They said they gave all change under $5 as $2 bills because then the girls were likely to get a $2 or a $5 bill instead of a $1 bill as a tip. Okay, that makes sense.
Then a few shipments in a row were of brand- spanking-new crisp $2 bills. They complained and asked if we could get used $2 bills again. Why? Because the crisp new bills were cutting the girls when the customers slid them in their g-strings. Ha!
Anecdotal, but when I was in the Army ('86-'91), 2$ bills were quite common around military installations, and the “old-timers” (guys who would have entered service during late 60’s/early-mid 70’s) spoke of being paid with 2$ bills.
We were almost entirely on Direct Deposit by the time I entered service, and got $10s and $20s out of ATMs (when we weren’t getting Deutchmarks).
The 2$ bills we got were usually in change from the PX/Commissary; this held true even in Saudi Arabia for DS/DS.