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In-depth overview and values of the Two Cent coin, which was produced by the United States Mint from 1864 to 1873.
The two-cent piece was produced by the Mint of the United States for circulation from 1864 to 1872 and for collectors in 1873. Designed by James B. Longacre, there were decreasing mintages each year, as other minor coins such as the nickel proved more popular.
The two-cent piece, made in pattern form as early as 1836, was first used in circulation in 1864. The obverse design depicts a shield with two arrows behind, a wreath surrounding, and the motto IN GOD WE TRUST (the first U.S. coin to display this motto) on a ribbon above.
The two-cent piece was a short-lived denomination, minted for just ten years. First produced in 1864, these coins were minted to stabilize the market and assert the federal government’s control of money.
Coins of the United States dollar – aside from those of the earlier Continental currency – were first minted in 1792. New coins have been produced annually and they comprise a significant aspect of the United States currency system. Circulating coins exist in denominations of 1¢ (i.e. 1 cent or $0.01), 5
The standard weight of this coin was 96 grains, twice the weight of the bronze 1 cent. The 1864 two-cent piece was the first United States coin to carry the motto, "In God We Trust". The two distinct "5" on the 1865 coin:
The Greysheet Catalog (GSID) of the 2-Cent Pieces (1864–1872) series of 2-Cent Pieces in the U.S. Coins contains 97 distinct entries with CPG ® values between $13.50 and $223,000.00.
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