1917 Two Dollar United States Note Value Guide

The 1917 Two Dollar United States Note is a premier example of 'Horse Blanket' currency, prized for its large physical dimensions and intricate engraving. As a Legal Tender Note backed directly by the U.S. government, it represents a pivotal era of World War I era finance before the transition to small-size bills in 1929.

What affects the value of 1917 Two Dollar United States Note?

• Paper crispness and the absence of heavy folds or 'pinholes' significantly impact the $280-$350 price range.
• The vibrancy of the red ink used for the Treasury seal and serial numbers affects eye appeal and market value.
• Centering of the printed design on the paper and the presence of sharp, unrounded corners.
• The specific signature combination, as certain Treasury official pairings are rarer than others.

How to Identify 1917 Two Dollar United States Note?

• Verify the large-format 'Horse Blanket' dimensions, which are significantly larger than modern U.S. currency.
• Look for the portrait of Thomas Jefferson on the obverse and the detailed vignette of the Capitol building on the reverse.
• Check for the distinct red seal and red serial numbers characteristic of the 1917 Legal Tender series.
• Confirm the series date of 1917 printed on the face of the note alongside the signatures of Teehee and Burke or Elliott and White.

History of 1917 Two Dollar United States Note

The 1917 Two Dollar Legal Tender Note, often referred to by collectors as a 'Horse Blanket' note due to its large size, represents a fascinating period in American currency. Unlike Federal Reserve Notes, these were United States Notes, backed directly by the U.S. government rather than by a bank's assets. This particular series is notable for its intricate design and the portrait of Thomas Jefferson. These notes were a common form of currency during World War I, circulating widely before the introduction of smaller-sized bills in 1929. Their large format and historical significance make them highly sought after by collectors today.