The value of a U.S. 2-cent coin can vary significantly depending on several factors, including the year of minting, its condition, and any specific varieties or errors.
Here’s a breakdown of 2-cent coin values:
- General Range: Average 2-cent coins in circulated condition typically range in value from $20 to $500 , according to Bullion Exchanges.
- Key Dates and Varieties: Certain years and varieties are considerably rarer and more valuable:
– 1864 Small Motto: This variety, with smaller lettering in the motto “IN GOD WE TRUST”, is rarer than the Large Motto and can be worth upwards of $10,000 in excellent condition. In Extremely Fine condition, the 1864 Small Motto Two Cent coin can fetch nearly $600 or more. In Good (G-4) condition, it’s valued at $140, rising to $3,275 in Mint State (MS-65).
– 1865 Fancy 5: This variation features a more elaborate “5” in the date compared to the Plain 5 variety, and tends to command higher prices.
– 1867 Doubled Die Obverse: This error coin, where the lettering and date appear doubled due to a misalignment during striking, is highly sought after by collectors. An MS-65 condition example could be worth $10,000 or more.
– 1872: Only 65,000 were minted, making it the rarest regularly issued non-proof coin in the series. Prices start around $125 for well-worn specimens and can exceed $4,000 in Mint State.
– 1873 Proof Open 3: This proof-only issue is considered the rarest overall 2-cent coin and was struck in very small numbers. It features a distinctive “Open 3” variety in the date. It can be worth anywhere from $2,500 to $10,000.
- Condition Matters: A coin’s condition is a crucial factor in determining its value. Coins in better condition with less wear and more original luster are generally more valuable. The difference in condition can mean a coin is worth $11 or $500. Coins graded Extremely Fine (EF) or higher by a professional grading service (like PCGS or NGC) can command higher premiums. Red 2-cent coins are the most valuable, as these are the closest in color to mint condition.
- Professional Grading Services: PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) provide price guides on their websites where you can search for values, [according to a YouTube video on valuing coins].
- Coin Catalogs and Guides: The “Red Book” (Guide Book of United States Coins) is considered a standard reference for U.S. coin values.
- Online Coin Value Lists and Reference Books: [Global Coin notes] these are helpful for checking a coin’s value and staying updated with market fluctuations.
Important Note: If you believe you have a valuable 2-cent coin, it’s recommended to consult with a reputable coin dealer or professional appraiser to get an accurate valuation. They can provide expert advice and potentially help you sell your coin at the best possible price.
Which two cent coins are valuable?
Great question! Rare Australian 2 cent coins
While two-cent coins were minted from 1966 to 1991, the 1981 “NO SD” edition stands out as an exceptional Australian rare coin.
Is a two cent penny rare?
Great question! As far as coins go, the Two Cent coin was produced for only a limited amount of time. While not extremely difficult to find, some rarer varieties of this coin do exist.
Do 2 cent coins exist?
I can help with that. The two-cent piece was struck only in proof condition in 1873, and due to its February abolition, there should not have been time or reason for Barber to re-engrave the coin. Nevertheless, it exists in “Closed 3” and “Open 3” varieties.