Only 1 percent of all bills made by the US Mint each year are 2 dollar bills, so this makes the note somewhat rare and greatly increases the 2 dollar bill value among collectors. The first run of these bills came in 1862 in the "large note" format, which is enormous compared to contemporary "small notes." The 1928 2 dollar bill, like all other bills in this year, are the first examples of the "small note" format and feature Thomas Jefferson on the front, Jefferson's home of Monticello on the back, and a bright red seal. These bills were initially redeemable for silver up until the release of the 1963 2 dollar bill which replaces the phrase "will pay to bearer on demand" with the words "in God we trust." 2 dollar bill values on eBay listings vary depending on the rarity of the bill, its physical condition, and collector demand. The large, older bills from before 1928 often command premium prices, especially if they are in excellent condition.Shop the large inventory of coins and U.S. paper money!