The US 2 cent coin, minted from 1864 to 1873, holds historical significance as the first US coin to feature the motto “IN GOD WE TRUST”. Despite being a relatively short-lived series, it remains a popular target for collectors. The value of a 2 cent coin can range significantly, depending on factors such as:
This is arguably the most crucial factor determining a coin’s value. The better the condition, the higher the grade and the higher the value.
- Mint State (MS): Uncirculated coins with no signs of wear fetch the highest prices.
- Extremely Fine (EF): Coins show very light wear on only the highest points.
- Fine (F): Moderate to heavy wear is evident, but the entire design remains clear and bold.
- Good (G): The date is readable, rims are nearly full, and the design is fully outlined.
It’s recommended to consult a professional numismatist or utilize resources like the ANA Grading Standards to accurately assess your coin’s grade.
- 1864 Small Motto: This variety is significantly scarcer and more valuable than its Large Motto counterpart. The lettering in “IN GOD WE TRUST” is thinner and more spaced out on the Small Motto version.
- 1872: Only 65,000 examples were minted, making this date a rarity in any grade.
- 1873: Proof-only coins were minted in this year and exist in both Closed 3 and Open 3 varieties.
- Doubled Dies and Other Errors: Like the 1867 doubled-die error, these varieties can significantly increase a coin’s value.
This refers to the boldness of the impression struck on the coin.
- BN (Brown): A brown patina resulting from natural toning over time.
- RB (Red-Brown): A mixture of brown and red tones.
- RD (Red): Retains a significant amount of its original copper red color.
Coins with more original red color (RD) generally command higher premiums.
- In average condition (Good to Fine), most 2 cent coins can range from $11 to over $200.
- Rarer varieties or coins in exceptional condition can fetch values exceeding several thousand dollars.
According to [Greysheet] (an industry standard for wholesale coin pricing):
- 1864 Large Motto, MS RD: May be worth $310 to $29,000.
- 1864 Small Motto, MS BN: May be worth $145 to $5,500.
- 1864 Small Motto, MS RD: May be worth $2,750 to $84,000.
- If you possess a 2 cent coin and are interested in its value, it’s highly recommended to consult a professional numismatist for an accurate appraisal.
- Professional grading services like PCGS or NGC can authenticate and grade your coin, potentially increasing its market value.
- You can also research your specific coin’s date and variety using online resources like [PriceCharting] or by consulting publications such as the Red Book.
Are 2 cent pennies rare?
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.
Which two cent coins are valuable?
I can help with that. 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.