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- [Narrator] Open up your wallet and you'd expect to find
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ones, 10s, 20s, and maybe even a hundo.
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The last thing you'd ever expect is a Tom,
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also known as a $2 bill.
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Here's why:
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♫ Let me show you the money
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It was 1862, the federal government had just started
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printing its first paper money.
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The first and only denominations were the $1 and $2 bills.
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And keep in mind, at the time,
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people were making about $15 a month.
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To pay using a $2 bill was a status symbol
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on the wealthiest of Americans could afford,
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and a lot of the time they used them
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for under the table transactions like political bribes,
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prostitutes, and gambling.
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The Tom ultimately got a bad rap and was deemed unnecessary.
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In 1966, the government took a 10-year hiatus
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and stopped printing those bad boys.
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But in 1976, the government gave them another try,
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this time classing them up a bit,
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issuing a special bicentennial bill.
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A little too classy, some would argue.
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People began hiding them away as collectors items,
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leading to less bills in circulation,
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which brings us to present day.
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Though rare, Toms are still being printed
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and there are over a billion in circulation.
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Most people keep them as keepsakes,
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though there is a sub-culture of $2 ambassadors
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who are set on keeping the Tom alive by using them
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every chance they get.
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So, the next time you're paying with cash,
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go ahead, use a Tom.