The 1864 two cent coins have value as numismatic coins. Keep reading to learn more about these two cent pieces.
Specifications
Type: 2 Cent Coin
Year: 1864
Face Value: $0.02
Composition: 95% copper, 5% tin and zinc
Total Weight: 6.22 grams
There is no mint mark on this coin. Each coin was minted in Philadelphia.
Two different varieties exist for this coin. There is the variety with the large motto, and the variety with the small motto. The small motto variety is more rare and more valuable. It's easy enough to tell the difference between the two varieties. On the small motto variety, the first "T" in "TRUST" is close to the ribbon's crease. By contrast, the large motto variety has a 1mm gap between the first "T" and the ribbon's crease.
| Series | Location | Quantity Minted |
|---|---|---|
| 1864 | Philadelphia | 19,822,500 |
| 1864 Proof | Philadelphia | 100+ |
Value
The 1864 2 cent coin with the large motto is worth around $20 in good condition. In very fine condition the value is around $35. In extremely fine condition the value is around $55. In uncirculated condition the price is around $125 for coins with an MS 60 grade. Uncirculated coins with a grade of MS-63BN can sell for around $200. Proof coins are worth around $1,000 in PR-63BN condition.
The 1864 2 cent coin with the small motto is worth around $225 in good condition. In very fine condition the value is around $500. In extremely fine condition the value is around $750. In uncirculated condition the price is around $1,250 for coins with an MS 60 grade. Uncirculated coins with a grade of MS-63BN can sell for around $1,500. Proof coins are worth around $25,000 in PR-63BN condition.
Grading System
Good- At least part of the "IN GOD" section of the motto is visible.
Very fine- The word "WE" in the motto is clear but not strong.
Extremely fine- The word "WE" in the motto is bold.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS-63BN choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent. The color is brown.
PR-63BN proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws. The color is brown.
Sources:
The Red Book
See also: