1864 2C Large Motto Two Cents
The 1864 2C Large Motto, BN (Brown) is a particularly intriguing coin with a rich historical context and numismatic interest. As a piece minted during the Civil War, it holds significant historical value. The two-cent piece was introduced in 1864, and the "Large Motto" version features the inscription "IN GOD WE TRUST" prominently on the obverse above the national shield. The "Large Motto" design distinguishes it from the earlier "Small Motto" variant minted in the same year, and the former is significantly more common, offering more opportunities for collectors.
Mint and Mintage:
The 1864 2C Large Motto was minted at the Philadelphia Mint with an initial mintage of approximately 19,847,500 according to PCGS CoinFacts. Despite this substantial mintage, the coin's rich historical significance and the transition from the Small Motto design lend it additional numismatic interest.
Rarity and Value:
When it comes to rarity, the Large Motto 2-cent piece is far from rare in lower grades, but it becomes increasingly scarce in higher mint state grades due to its age and circulation wear. In grades such as MS65 or higher, these coins can be particularly elusive, driving up their value among collectors. The value of an 1864 2C Large Motto coin varies significantly based on its condition. Brown (BN) examples in lower grades might fetch more modest prices, but coins in higher grades, especially those graded by PCGS or NGC as MS65 and above, can command higher prices due to their scarcity and demand.
Sales and Prices:
For instance, an auction search reveals sales records where a superbly preserved example graded MS66 BN by PCGS could sell for substantial sums, potentially crossing the $1,000 mark or more, depending on the market conditions and collector interest at the time of sale. Notable sales have seen these coins fetching prices well above their expected range when they feature exceptional strike or eye appeal.
Numismatic History:
The Large Motto variant came about as part of a broader trend and legislative effort to reintroduce lower-denomination coins with better materials and designs. Under the direction of James B. Longacre, the Chief Engraver of the United States Mint, the Large Motto design was well-received and marked a step toward lasting coinage reforms during the post-Civil War era. Its motto “IN GOD WE TRUST” was driven by the heightened religious sentiment amidst the ongoing Civil War, becoming an enduring staple in American coinage. Collectors often seek the Large Motto for its historical context and its aesthetic appeal. The color designation, like “BN” for Brown, also adds a layer of distinction. Brown coins, while not as rare as their Red (RD) counterparts, still hold value for their age, tone, and availability in higher grades. In the view of numismatic scholars, the two-cent piece encapsulates a unique period in U.S. history when the nation was striving for unity amidst conflict. As such, 1864 2C Large Motto coins carry with them stories beyond their monetary face value, appealing to collectors who cherish both their artistic merit and the narratives they represent from America's past.
