There were 8 varieties of $2 bill in that series. The last ones were actually printed during the Truman administration. Values depend on the bill's condition and what letter is next to the date. There may not be one, or it could be anything from A through G.
Retail prices as of 10/2009:
No letter:
"A" : $50 in average condition, $80 if nicer. Uncirculated ones sell for $275 or more.
"B" : $70 - $175; Uncirculated $1000+
"C" : $10 - $20; Uncirculated $90+
"D" : $5 - $12; Uncirculated $45+
"E" : $10 - $25; Uncirculated : $85+
"F" : $4 - $15; Uncirculated : $35+
"G": $5 - $10; Uncirculated : $25+
Red Printing
All 1928 U.S. $2 bills have red printing, indicating that they are a form of currency called United States Notes. U.S. Notes were very similar to the current Federal Reserve notes in that they weren't backed by gold or silver in the Treasury. U.S. Notes were issued up till the 1960s. Because there was no monetary difference between the 2 forms, U.S. Notes were phased out in favor of Federal Reserve Notes to save on printing costs.
Serial Numbers
A bill's serial number is a counter and security feature but rarely affects its value, nor does it help to readily ID a particular bill. The date, condition, and whether there's a small letter next to the date are much more important.
Silver Certificates
Red-seal $2 bills aren't silver certificates, nor are they even called "certificates". Silver certificates were blue-seal bills that could be redeemed for an equal amount of silver metal. These were issued primarily as $1 and $5 bills until the 1950s.
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