US Two-Cent Piece Value (1864-1873)
Quick answer: The value of a US Two-Cent Piece (1864-1873) typically ranges from $20 for heavily circulated examples to over $1,000 for rare dates in uncirculated condition. The coin's date, mint mark (though none exist for this series), and overall condition are the primary factors determining its worth.
The United States Two-Cent Piece, minted from 1864 to 1873, holds a unique place in American numismatic history as the first U.S. coin to bear the motto "IN GOD WE TRUST." While many circulated examples are still relatively affordable, their value can vary significantly based on their specific year, any notable varieties, and especially their physical condition.
To accurately determine the value of your Two-Cent Piece, you'll need to identify its date. Although no mint marks were used on this series, certain years are considerably rarer than others. The coin's condition, or grade, is paramount, with well-preserved examples fetching substantially higher prices than those that are worn or damaged. Professional grading services can provide the most precise assessment, but even a careful visual inspection can give you a good estimate.
Key dates worth serious money
1864 Small Motto
$100 – $2,500+
1872
$200 – $3,000+
1873 Proof
$1,000 – $5,000+
1867 Doubled Die Obverse
$150 – $1,500+
The story behind the coin
The Two-Cent Piece was introduced in 1864 during the American Civil War. The war caused a severe shortage of circulating coinage, as people hoarded gold and silver coins. To alleviate this crisis, the U.S. Mint began issuing fractional currency and new bronze coins like the Two-Cent Piece and the Indian Head Cent. Its most notable feature, the motto "IN GOD WE TRUST," was added due to increased religious sentiment during the war and a petition from a Pennsylvania minister. This marked the first time this motto appeared on U.S. coinage, a tradition that continues to this day.
Despite its initial utility, the Two-Cent Piece never gained widespread popularity. Its denomination was somewhat awkward, and the public preferred the smaller cent and larger nickel. Production declined steadily after its debut year, and it was ultimately discontinued in 1873 as part of the Coinage Act of 1873, which also demonetized silver and ushered in the "Crime of '73." Today, these coins are cherished by collectors for their historical significance and unique design.
Frequently asked questions
What is the rarest US Two-Cent Piece?
The 1864 Small Motto variety and the 1872 issue are generally considered the rarest and most valuable regular-issue Two-Cent Pieces, especially in higher grades. The 1873 Proof-only issue is also extremely rare.
How do I tell if my 1864 Two-Cent Piece is a 'Small Motto' or 'Large Motto'?
On the 1864 Two-Cent Piece, examine the motto "IN GOD WE TRUST." In the Small Motto variety, the letters are noticeably smaller and thinner, and the space between "GOD" and "WE" is wider. In the Large Motto, the letters are larger and bolder, and the spacing is tighter. Comparing it to known examples online is the best way to distinguish them.
Are Two-Cent Pieces made of copper?
Yes, the Two-Cent Piece is composed of 95% copper and 5% tin and zinc, making it a bronze alloy. This composition gives it a reddish-brown appearance, which often darkens with age and exposure.
Why was the Two-Cent Piece discontinued?
The Two-Cent Piece was discontinued primarily due to a lack of public demand and its awkward denomination. It was overshadowed by the more popular one-cent and three-cent pieces, and later the nickel. The Coinage Act of 1873 officially ended its production.
Related value guides
Values shown are typical retail ranges for the grades described, based on recent dealer and auction pricing. Markets move; exact value depends on grade, variety and eye appeal. This guide is informational and not a formal appraisal.