1. Grade: The grade assigned by a professional coin grading service greatly impacts the value of the bill. The Sheldon Grading Scale is commonly used, with grades ranging from Poor-1 (P-1) to Perfect Mint State-70 (MS-70). A higher grade indicates better preservation and overall condition.
2. Rarity: The 1934 two dollar bill was part of the United States Educational series and is relatively scarce compared to other two dollar bills. Its rarity also contributes to its value.
3. Condition: Good condition is a subjective term, but it generally implies that the bill has some wear and tear but is still in decent shape. The bill may exhibit some folds, creases, or light marks, but it should be free from major damage, stains, or tears.
4. Printing Quality: The printing quality and ink vibrancy also affect the value of the bill. A well-centered and sharply printed bill with vibrant colors is more desirable and valuable.
5. Demand and Market Forces: The value of the bill can also be influenced by market demand and supply. If there is high demand for 1934 two dollar bills, especially among collectors, its value may increase accordingly.
With all these factors considered, a 1934 two dollar bill in good condition can range in value from a few hundred to several thousand dollars. It's advisable to consult with a reputable coin dealer or expert to get an accurate appraisal of the bill's worth.