Collectors call 1877 $2 bills lazy deuces. The nickname derives from the fact that the large two on the front of each bill is laying on its side. At some point someone said the term lazy deuce and it stuck. The two dollar national bank note was discontinued in 1878, so that leaves just a one year production period. Most 1877 two dollar bills are very scarce today. The most common examples in poor condition are worth around $1,000. Examples from rare banks or bills that are in perfect condition are worth and sell for several thousand dollars or more. Even if a bank was open in 1877 it didn’t necessarily print two dollar bills. There were plenty of dollar coins circulating in the 1870s, so a lot of national banks didn’t bother to print one and two dollar bills because the need was already being satisfied by coinage. Even if a bank did choose to print 1877 two dollar bills, they were still only printed at a rate of one two dollar bill for every three one dollar bill. Most banks that did print $2 bills almost always issued less than 10,000 examples over the entire life of the bank. You can see why some are so rare and valuable today.
Remember that Series of 1875 will be printed on $2 bills in addition to the 1877 charter date. These notes have a rounded red seal. Each two dollar bill should have a red charter number stamped on its face. This numbering system began in 1872 and was active while these were being printed in 1877 and didn’t stop until the end of the national currency period.
We provide free appraisals for all national currency. Send us a picture of your bank note and we would be happy to tell you how much it is worth. We can also provide our buy and sell prices.
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The following national banks printed 1877 $2 bills:
- Charter 2351 – German National Bank of Denver, Colorado
- Charter 2352 – First National Bank of Boulder, Colorado
- Charter 2354 – First National Bank of Lake City, Colorado
- Charter 2355 – National State Bank of Boulder, Colorado
- Charter 2368 – First National Bank of Rome, Georgia
- Charter 2346 – Madison County National Bank of Anderson, Indiana
- Charter 2361 – National Bank of Rockville, Indiana
- Charter 2369 – Farmers National Bank of Sullivan, Indiana
- Charter 2375 – Howard National Bank of Kokomo, Indiana
- Charter 2363 – First National Bank of Shenandoah, Iowa
- Charter 2364 – First National Bank of Hamburg, Iowa
- Charter 2374 – Second National Bank of Richmond, Kentucky
- Charter 2371 – North National Bank of Rockland, Maine
- Charter 2347 – Pacific National Bank of Lawrence, Massachusetts
- Charter 2373 – Pacific National Bank of Boston, Massachusetts
- Charter 2365 – Merchants & Manufacturers National Bank of Detroit, Michigan
- Charter 2367 – First National Bank of Eaton Rapids, Michigan
- Charter 2372 – Farmers National Bank of Union City, Michigan
- Charter 2356 – Farmers National Bank of Platte City, Missouri
- Charter 2357 – First National Bank of Beatrice, Nebraska
- Charter 2362 – Second National Bank of Manchester, New Hampshire
- Charter 2345 – First National Bank of Franklinville, New York
- Charter 2348 – Walden National Bank, New York
- Charter 2353 – Moravia National Bank, New York
- Charter 2370 – Chase National Bank of The City of NY, New York
- Charter 2350 – Mahoning National Bank of Youngstown, Ohio
- Charter 2360 – Lebanon National Bank, Ohio
- Charter 2360 – Lebanon National Bank & Trust Company, Ohio
- Charter 2360 – Lebanon Citizens National Bank & Trust Company, Ohio
- Charter 2366 – Quakertown National Bank, Pennsylvania
- Charter 2349 – First National Bank of Fort Worth, Texas
- Charter 2359 – City National Bank of Fort Worth, Texas
