$78,000 for a Two-Cent Coin? Discover What Made It So Valuable

$78,000 for a Two-Cent Coin? Discover What Made It So Valuable
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The smallest denomination coins are sometimes disregarded, and individuals might not realize how important they are. The 1864 2 Cent Small Motto, FS-401, MS66 Red PCGS, is one such example.

On August 16, 2018, this coin went up for auction and sold for an incredible amount of money. According to Professional Coin Grading Services’ website, it was valued at $78,000.00.

At what time was this two-cent coin approved?

This 2-cent specimen was minted in April 1864 as a result of new legislation. The Mint Director, James Pollock, was tasked with designing it. Naturally, it also received the required permission from the Treasury Secretary at the time.

You’re probably wondering why this two-cent coin is worth so much by now. It is certainly in excellent preservation. The fact that the motto “In GOD WE TRUST” was initially utilized on this specimen is among its most significant features.

Therefore, this slogan was first used on US currency with this 2 cent piece. In actuality, this piece gained popularity and was useful for trade during the time.

It was unquestionably the ideal size (diameter: 23.00 millimeters) and weight (6.22 grams). In addition, the motto was well received.

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Two varieties of the two-cent pieces

Despite the fact that this 2-cent piece was composed of 95% copper and 5% tin and zinc, there is no distinction between the two. According to PCGS, there were two versions. One with a large motto and another with a little motto were apparently produced by the Philadelphia Mint.

As a result, the slogan “IN GOD WE TRUST” had different font sizes in the two versions. Actually, a large motto eventually took the place of the original’s small one.

Consequently, it became the standard for the two-cent type’s final years. The Large Motto is actually the more popular of the two. The time has come to see if you own one!

Reference

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With more than two years of expertise in news and analysis, Eileen Stewart is a seasoned reporter. Eileen is a respected voice in this field, well-known for her sharp reporting and insightful analysis. Her writing covers a wide range of subjects, from politics to culture and more.