The 2-cent coin, also known as the two-cent piece , was a United States coin minted from 1864 to 1873.
Here are some key facts about the 2-cent coin:
- First US Coin with “In God We Trust” : It holds the distinction of being the first United States coin to feature the motto “IN GOD WE TRUST”. This motto was adopted amidst the religious sentiment of the Civil War.
- Civil War Era Coin Shortage : The 2-cent coin was introduced to address the severe shortage of coins in circulation during the Civil War.
- Composition : The coins were primarily composed of 95% copper, 5% tin and zinc.
- Design : The obverse (front) features a shield with the motto “IN GOD WE TRUST” on a banner above it, and the date below. The reverse (back) displays the denomination “2 CENTS” within a wreath. The designer was James B. Longacre.
- Short-Lived : Despite initial popularity, the demand for the 2-cent piece declined significantly after the Civil War ended and other coins reappeared in circulation. Its mintage decreased each year until 1873, when only a small number were produced as proofs (collector’s items).
- Collector’s Item : While not the most popular series, it’s a collectible for its historical significance and its status as the first coin to bear the “In God We Trust” motto.
- Varieties : The 1864 issue has two known varieties: the Small Motto and the Large Motto. The Small Motto is scarcer and more valuable. There’s also a rare 1867 doubled-die error, and the 1873 proof issues come in two varieties (Closed 3 and Open 3).
- Value : The value of 2-cent coins varies greatly depending on the year, condition, and any existing errors or varieties. Coins in higher grades (better condition) command higher premiums.
If you have a 2-cent coin, it’s recommended to consult a numismatic professional to accurately determine its condition and value.
Do 2 cent coins exist?
Good point! 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.
Which two cent coins are valuable?
Thanks for asking. 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.