1868 2C, BN Two Cents
The 1868 2 Cent Piece (1868 2C, BN), minted in copper, is a notable coin within numismatic circles due to its historical significance and relative rarity. Produced during the post-Civil War period, this coin is part of the short-lived series that spanned from 1864 to 1873. Its production occurred at the Philadelphia Mint, identifiable as it carries no mint mark, a common trait for coins minted there during this era.
Mintage and Rarity
In 1868, the mintage of the 2 Cent Piece amounted to 2,803,750. While this is not an extremely low mintage figure, the survival rate and condition of these coins greatly impact their rarity today. Among collectors, coins from this year are considered moderately rare, especially in higher grades. Many of these coins have been lost or worn beyond collectability over the years, particularly those that were circulated heavily. From a numismatist's perspective, the 2 Cent Piece represents an important transitional period in American coinage. The series reflects the economic conditions of the post-Civil War era and the challenges of creating a cohesive national economy. The coin, designed by James B. Longacre, features the motto "IN GOD WE TRUST," marking the first time this phrase appeared persistently on U.S. currency.
Value and Auction Records
The value of an 1868 2 Cent Piece varies significantly depending on its condition. In lower grades, such as Good (G4) or Very Good (VG8), the coin might sell for modest sums. However, examples in Mint State (MS) or better conditions, such as with a Brown (BN) designation, can fetch significantly higher prices. Well-preserved specimens in grades such as MS63BN or MS65BN are especially sought after by collectors. Auction results, which might not be directly referenced here, provide insights into the market trends for this coin. In notable sales, pristine condition pieces have garnered strong interest, especially those with exceptional eye appeal and minimal wear. Coins that appear frequently in high-profile auctions often achieve premium prices, reflecting their desirability among collectors.
Historical Context
The inception of the 2 Cent Piece coincided with a period of rapid change and experimentation in U.S. currency. Introduced in 1864, it aimed to address the coin shortages experienced during the Civil War. However, as the economy stabilized, the need for such denominations waned, leading to the discontinuation of the series in 1873. The 1868 issue, therefore, sits towards the end of the coin’s existence, adding to its historical allure.
Additional Information from CoinFacts
According to PCGS CoinFacts, the identification number for the 1868 2C, BN is PCGS #3597. This resource often lists finer details regarding known varieties and die states, providing collectors with enriched data for building comprehensive sets or understanding the intricacies of individual pieces. For numismatists and collectors, the 1868 2 Cent Piece is not merely a relic of monetary history but a piece that signifies a broader story of American resilience and innovation in the face of economic turmoil. As such, its rarity, historical value, and collector appeal continue to sustain interest in markets and private collections.
