The Act of April 22 1864 authorized the minting of bronze U.S. Two Cent Coins. Many people are unaware that the United States ever had a two cent piece. They were minted between 1864 and 1872 for general circulation. A relatively short run of mintage and therefore fairly easy to collect and complete a set. These U.S. Two Cent Coins can range from as little as $20 in poor grade up to Hundreds of dollars for finer conditions and rarer dates.
The most frequently found date is the 1864. The first year of mintage and almost 20 million 2 cent coins produced. It must however be examined closely, as it comes in two varieties, Large and Small Motto. With the “Small Motto” variety being by far the rarest of the two, and therefore much more valuable than the “Large Motto” variety.
U.S. Two Cent Coins were designed by famed engraver James B. Longacre and featured a shield on the obverse and wheat stalks on the reverse. The National Motto of “In God We Trust” was first placed on United States coins on the U.S. Two Cent Coin! This was done so with strong support from Treasury Secretary Salmon P. Chase. It appears in the ribbon above the shield.
From a practical standpoint, the two-cent piece was one of the least successful coins in U.S. history: The United States Mint produced it for only ten years, and each year the mintage declined, reflecting steadily falling public interest in the coin. Yet nowadays, U.S. Two Cent Coins are extremely popular among collectors. Especially popular with people who collect Civil Was Era coins and memorabilia!
Both San Diego Coin & Bullion and La Jolla Coin Shop deal in both buying and selling U.S. Two Cent Coins. We are also happy to give a free evaluation of your coins if you’d like to bring them into one of our two locations! Contact us for more information.