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Friday, February 28, 2014

Two Cent Pieces, Obsolete Coinage

Two Cent Pieces, Obsolete Coinage


The United States Mint struck bronze two cent pieces during a short period from 1864 through 1873. These coins are larger than the penny. They have a shield on one side and a wreath on the other.

The two cent piece was first minted near the end of the Civil War when religious feelings were high. This is the first United States coin to bear the inscription "In God We Trust."

No Two Cent Piece has a mint mark!

The 1864 Two Cent Piece has two variety, one with a large motto and one with a small motto.

The 873 varieties include the open and the closed 3.

1867 had a double die variety.

There is a possibility the 1865 piece has a variety with the 5 over a weak 4, according to Yeoman, "A Guide Book of United States Coins."


Most of the issues were minted in extremely low quantities. First, we must consider the times. The population was smaller, so not that many coins were needed. In addition, following the Civil War metal was scarce. This led to Fractional Currency being printed. Finally, people are slow to accept a new denomination. Acceptance of a new design of an existing denomination is one thing, but this was a new denomination. These factors combined to cause the mint to make very few Two Cent Pieces.







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