1864 2C Large Motto PR65 Red PCGS. CAC....

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1864 Large Motto Two Cent, PR65 Red
Only Two Finer at PCGS

1864 2C Large Motto PR65 Red PCGS. CAC. Displaying great color as the Red designation indicates, this Gem proof offers strong eye appeal. The surfaces are lustrous and well-preserved throughout.

Variety: Large Motto.

Population Data (4/14): Among non-Cameo coins, PCGS shows 17 submissions in this grade, but only two Red are finer. NGC shows five and four in PR65 and PR66 Red, respectively.

Heritage Commentary: The Civil War was raging when the two cent piece was introduced in 1864. The war led to hoarding of gold and silver coinage, causing a number of solutions to be implemented to fill the gap in order to make change for transactions. Among the paper pieces were a number of denominations of fractional currency as well as the use of postage stamps, often encased as a means of protection and advertisement. An enormous number of privately issued Civil War tokens circulated, bearing either patriotic themes or merchant advertisements.

The strong anticipated demand for the two cent coins led to a mintage of nearly 20 million business strikes for the inaugural issue, with the 2014 Guide Book listing 100+ proofs. The production figures for circulation strikes would never again approach that peak, as the introduction of the nickel three cent and five cent coins in 1865 and 1866, in that order, lessened the need for the two cent pieces.(Registry values: N2998)

Coin Index Numbers: (NGC ID# 274T, PCGS# 3623, GSID# 2709)

Metal: 95% Copper, 5% Tin & zinc
Weight: 6.22 grams
Weight: 0.20843oz
Mintage: 100

View Certification Details from PCGS