We are offering an 1864 two cent. This coin has heavy wear on both sides. The WE is gone. Many details are flat or missing. There is significant environmental damage on this coin. In our opinion, we believe this coin to have good details.
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 nickel proved more popular. It was abolished by the mint act of 1873. The economic turmoil of the American Civil War caused government-issued coins, even the non-silver Indian Head cent, to vanish from circulation, hoarded by the public. One means of filling this gap was private token issues, often made of bronze. The cent at that time was struck of a copper-nickel alloy, the same diameter as the later Lincoln cents, but somewhat thicker. The piece was difficult for the mint to keep the metal nickel in the coinage, led by Pennsylvania Congressman Thaddeus Stevens, Congress passed the Coinage act of 1864, authorizing bronze cents and two-cent pieces. Although initially popular in the absence of other federal coinage, the two-cent piece's place in circulation was usurped by other non-precious metal coins which Congress subsequently authorized, the three-cent piece and the nickel. It was abolished in 1873; large quantities were redeemed by the government and melted.
T-2 - XGSM - 3/11 - S4 - BC
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DISCLAIMER: Please examine the photos carefully and purchase based on the condition you see and believe the item is. We do not offer any of our currency or coins that are raw with grades, we offer them only with photos and our asking price. We will state our opinion, but, you be the judge of the quality of our raw currency and coins. We will not specify or guarantee a grade unless the coin or currency has been professionally graded by PCGS, NGC, or PMG. Further, we do not guarantee any raw coin or currency to meet any specific grade by any other standards.