Introduced in 1864 during the turmoil of the Civil War, the two-cent coin was created to combat a severe coin shortage caused by hoarding and economic instability. This unique denomination, which circulated for only a decade (1864-1873), made history as the first U.S. coin to bear the now-iconic motto “In God We Trust.”
Despite its short-lived production, the two-cent piece remains a fascinating chapter in American numismatics. Many of these coins were either heavily circulated or melted down over time, but a select few have survived in outstanding condition or with rare minting anomalies. These remarkable specimens, once worth just pennies, now command auction prices ranging from thousands to hundreds of thousands of dollars.
This article explores ten rare and highly valuable two-cent coins, their histories, and what makes them so sought after by collectors.
Table of Contents
1. 1864 Small Motto Two-Cent Coin
The 1864 two-cent coin marked the beginning of the series and exists in two major varieties: the “Large Motto” and the rarer “Small Motto.” Experts estimate that fewer than 100 Small Motto examples still exist today.
One pristine MS-65 specimen sold for an impressive $258,500 in 2022. Due to its rarity and historical significance as one of the first coins featuring “In God We Trust,” this variety is a key piece for serious collectors.
2. 1864 Large Motto Two-Cent Coin
Though more common than the Small Motto version, the 1864 Large Motto two-cent coin remains a cornerstone of the series. With a mintage of around 19 million, most surviving examples are well-worn, making high-grade specimens especially valuable.
An MS-66+ example fetched $180,000 at auction in 2023. Its exceptional surface quality and rich patina showcase the artistry of 19th-century U.S. coinage, making it highly desirable among collectors.
3. 1865 Two-Cent Coin
Struck during the final year of the Civil War, the 1865 two-cent coin symbolizes a period of national recovery. While over 13.6 million were minted, high-grade examples are rare.
A superb MS-67 specimen sold for $168,000 in 2021. Its immaculate preservation and stunning coloration make it one of the finest known pieces, highly coveted in the numismatic world.
4. 1866 Two-Cent Coin
Often overlooked, the 1866 two-cent coin is surprisingly rare in top condition. With a mintage of approximately 3.1 million, it is less common than many assume.
An MS-66 example achieved a price of $144,000 at auction in 2022. Its sharp details and original surfaces highlight the craftsmanship of post-war minting.
5. 1867 Two-Cent Coin
The 1867 issue is another challenging date for collectors, with most surviving specimens exhibiting heavy circulation. With a mintage of about 2.9 million, finding one in near-perfect condition is a feat.
An MS-65+ example brought in $132,000 at auction in 2023. Its impressive luster and even toning make it a standout among surviving examples.
6. 1868 Two-Cent Coin
By 1868, the two-cent denomination was losing favor, leading to declining mintages. This year saw a production of just over 2.8 million coins, making it a scarcer issue.
A stunning MS-66 example sold for $156,000 in 2021. Its glossy surfaces and well-executed strike reflect the fading popularity of the two-cent piece while reinforcing its value to collectors today.
7. 1869 Two-Cent Coin
With a reduced mintage of only 1.5 million, the 1869 two-cent coin is one of the rarer dates in the series. Many surviving examples suffer from weak strikes due to worn dies, making well-struck specimens highly desirable.
A remarkable MS-65 example commanded $180,000 at auction in 2022. Its bold details and deep reddish-brown toning set it apart as a masterpiece of early U.S. coinage.
8. 1870 Two-Cent Coin
With a mintage of just 861,000, the 1870 two-cent coin is the lowest-mintage business strike in the series. Its historical context during Reconstruction adds to its appeal.
An MS-64 example sold for $204,000 in 2023. Its exceptional condition and rich patina underscore its importance as a relic from a pivotal era in American history.
9. 1871 Two-Cent Coin
Though slightly more available than the 1870 issue, the 1871 two-cent coin remains elusive in top grades. With a mintage of about 721,000, it is one of the scarcest dates.
An MS-65 specimen fetched $192,000 at auction in 2022. Its crisp strike and attractive toning make it a highly desirable piece for those seeking a combination of rarity and visual appeal.
10. 1872 Proof Two-Cent Coin
Proof versions of the two-cent coin were struck in extremely limited numbers, primarily for collectors and officials. The 1872 proof issue is especially rare, with an estimated mintage of just 1,000 pieces.
A PR-66 example sold for a staggering $312,000 in 2023. Its mirror-like fields and stunning cameo contrast elevate it to one of the most prestigious two-cent coins ever collected.
Why Are These Two-Cent Coins So Valuable?
Several key factors contribute to the high auction prices of these rare two-cent pieces:
- Rarity: Limited mintages and widespread melting mean few examples have survived, especially in pristine condition.
- Condition: Coins in high grades with minimal wear fetch exponentially higher prices than worn specimens.
- Historical Significance: As the first coins to feature “In God We Trust,” they hold deep cultural and patriotic value.
- Collector Demand: The growing interest in classic U.S. coinage has intensified competition among collectors, driving up prices.
Could You Have a Hidden Treasure?
Finding a rare two-cent coin in everyday life might seem like a long shot, but it’s not impossible. Family heirlooms, estate sales, and old coin collections sometimes yield unexpected treasures. If you come across a small copper coin dated between 1864 and 1873, consider having it appraised-you could be holding a fortune in your hands!
