The value of an 1864 two-cent coin depends on a few key factors:
- Motto variety: 1864 two-cent pieces were minted in two varieties: Small Motto and Large Motto.
– Small Motto: This variety is significantly rarer and thus more valuable. The lettering in “IN GOD WE TRUST” is thinner and more compact.
– Large Motto: This variety is more common, with bolder, taller, and more spread-out lettering in the motto.
- Condition (Grade): The coin’s physical condition is crucial for determining its value. Grades range from “Good” for heavily worn coins to “Mint State” (MS) for uncirculated coins with no wear.
- Errors and Varieties: Beyond the Small and Large Motto differences, other specific errors or varieties can significantly impact the value.
- Small Motto:
– Good condition: around $225
– Extremely Fine condition: can reach $600 or more
– Mint State (MS-65): potentially over $10,000
– Proof (PR): range from $32,000 to $230,500 depending on color and cameo designation
- Large Motto:
– Good condition: around $15
– Extremely Fine (XF-40): around $50
– Proof (PR): range from $575 to $27,500 depending on color and cameo designation
The key difference lies in the motto “IN GOD WE TRUST” on the obverse.
- Small Motto: The lettering is thinner, more compact, and closely spaced. The “D” in “GOD” is noticeably smaller.
- Large Motto: The letters are bolder, taller, and more spread out.
If you are unsure which variety you have, using a magnifying glass or consulting a professional numismatist for accurate grading is advisable. Professional grading can help ensure you receive the accurate value for your coin.
What is the difference between 1864 2-cent small and large motto?
Good point! There are two key differences: The “We” in “God We Trust” is further from the rim of the ribbon than the large date “We.” But more importantly, the small motto has a stem on the leaf.