DESCRIPTION Superior Gem 1865 Two-Cent Piece MS-66 RD (PCGS) CAC1865 Two-Cent Piece. Fancy 5. MS-66 RD (PCGS). CAC.
Frosty and smooth, this captivating example is further enhanced by a full endowment of vivid golden-tan color and hints of intense orange toning. The strike is razor sharp from the rims to the centers, the surfaces expectably smooth for the impressive premium Gem Mint State grade assigned by PCGS, and confirmed by CAC. In fact, none are ranked higher at CAC.
The two-cent piece made its debut in 1864 at a time when gold and silver coinage had long since been absent from circulation in the Eastern and Midwestern states due to the economic turmoil and uncertainty brought about by the Civil War. Struck in bronze, the new denomination was not subject to such hoarding and, as such, initially proved popular in commercial channels. Mintages were correspondingly high in 1864 and 1865, but with the end of the Civil War in the latter year, production fell off rapidly through the series' end in 1873. After only the first year 1864 Large Motto, the 1865 is the most plentiful issue in the circulation strike two-cent series. Mint State examples abound in the BN and RB categories, less so in the RD category, although this issue is still obtainable with relative ease in grades through MS-65 RD. Any finer and the 1865 emerges as a significant condition rarity, as offered in the present MS-66 RD (PCGS) CAC example.PCGS# 38258
.NGC ID: 22NA
PCGS Population: 14; 10 finer. CAC Population: 25; none finer.