The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
The 2 cent coin was struck by the United States Mint from 1864 through 1873 and was created to fill a need for small change during a massive Civil War-era coin shortage. The bronze 2 cent coin, designed by United States Mint Chief Engraver James B. Longacre, barely lasted a decade. Despite its relatively brief existence, it became historic for at least one reason, it was the first United States coin to bear the motto IN GOD WE TRUST, which today is seen on all United States coins.
While a popular series, the 2 cent piece is not widely collected as anything more than a type coin. However, there are series specialists who enjoy pursuing 2 cent coins. There are few big-ticket 2 cent pieces. Most in the lower circulated grades are priced at well less than $50. However, there are a couple regular-issue business-strike pieces that command three figure prices or greater. These include the scarce 1864 Small Motto that trades for about $200 and up and the 1872, which has a mintage of only 65,000 pieces and generally commands $300 or more. The 1867 doubled die is the major die variety of the series.
Obverse Description
An ornate shield flanked on the left and right by leaves with arrow heads and shanks (crossed behind) appear protruding at the four corners. A ribbon above the shield bears the words IN GOD WE TRUST, making this coin design the first usage this now-ubiquitous motto. The date is positioned at the bottom center.
Reverse Description
A large numeral 2 with the word CENTS below (smaller) in the center is framed by a well-defined wheat wreath tied at the bottom center by a simple ribbon. UNITED STATES OF AMERICA appears around the periphery.
Book Reference
Designer: James B. Longacre. Weight: 6.22 grams. Composition: .950 copper, .050 tin and zinc. Diameter: 23 mm. Edge: Plain. Mint: Philadelphia.
Key to Collecting: Examples are readily available in nearly all grades. The first several years of the series can be purchased in such grades as VF, EF, and AU. Most have light brown surfaces and are quite attractive. Gems with excellent aesthetic appeal are elusive. Most Mint State coins seen in the marketplace are of the first several years, particularly 1864 Large Motto and 1865. Attractive pieces can be purchased with brown, red and brown, or red surfaces. Many full red (orange is a more appropriate description) coins are flecked or spotted. Quality coins are elusive.
Aspects of Striking and Appearance: Points to check for sharpness include the leaves and horizontal shield lines on the obverse, and, on the reverse, the wreath details and the border letters.
Proof Coins: Proofs were made of all years 1864 to 1873. The mintages are not recorded, but probably were larger toward the end of the series. Among varieties, the 1864 Small Motto Proof is a major rarity with probably fewer than two dozen known. The majority of Proofs of the various dates, even those classified in high grades, have problems of one sort or another—such as spotting or staining, or retoning. To put together a high-quality set of one of each date of Proofs would take several years or more. However, as you will be seeking just a single coin, the search will be less arduous. Do not overlook the many nice brown and red-and-brown pieces on the market (“investment” advisors often suggest that only “red” copper is worth buying, leaving many great values among other coins!).
Catalog Information
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Subject: I would like to contribute catalog info to CDN for 2-Cent Piece 2c 1864-1872 MS RD [Type]
Body: Referring page: http://dev.greysheet.com/prices/item/two-cent-piece-type-coin-red/gsid/72349 GSID: 72349 Title: 2-Cent Piece 2c 1864-1872 MS RD [Type]
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$29,000 | $1,234 |
| MS67 | - | $24,000 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
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Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.





