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Greysheet Catalog Details (GSID: 2699)

The 1870 Two cents is part of a series of Two cent piece coins struck from 1864-1873. Struck in Philadelphia and designated as a Business (MS) strike, this coin is made of 0.95 copper; 0.05 tin & zinc from a mintage of 861,250 struck.
The 1870 Two Cent Piece is a scarcer type coin as the mintage drops again from recent previous issues, by half, to below a million for the first time. Extremely common in all grades up to the finest of gems which are just slightly scarce. The color designations show a very gradual increase in value and rarity with only the highest graded red gems being rare.
Obverse: An ornate shield flanked on the left and right by leaves with arrow heads and shanks (crossed behind) appear protruding at the four corners. A ribbon above the shield bears the words IN GOD WE TRUST, making this coin design the first usage this now-ubiquitous motto. The date is positioned at the bottom center.
Reverse: A large numeral 2 with the word CENTS below (smaller) in the center is framed by a well-defined wheat wreath tied at the bottom center by a simple ribbon. UNITED STATES OF AMERICA appears around the periphery.

Catalog Details    Dealers Only

Catalog Detail

GSID: 2699
Coin Date: 1870
Denomination: 2c / Two cents
Designation: MS
Mint Mark: P
Mint Location: Philadelphia
Mintage: 861,250
Coinage Type: Two cent piece
Coinage Years: 1864-1873
Composition: 0.95 copper; 0.05 tin & zinc
Strike Type: Business
Diameter: 23 mm
Weight: 6.22 gr
Coin Shape: Round
Designer: James B. Longacre
Obverse Lettering: IN GOD WE TRUST, 1870
Obverse Designer: James B. Longacre
Reverse Lettering: 2, CENTS, UNITED STATES OF AMERICA
Reverse Designer: James B. Longacre
PCGS #: 3607
NGC ID: 22NE
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CPG® prices represent retail levels. Collectors should refer to CPG values as a starting place for their negotiations, or auction bid reference.

Greysheet/Greensheet prices are wholesale market levels for collectible coins/paper money intended to indicate what a dealer, or wholesale, buyer would pay for the described item in the specified grade. Greysheet/Greensheet represent "sight-seen" values based on a buyer's in-hand review. The actual value can be more or less than this depending on factors including eye appeal and market timing.

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