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1864 Small Motto Two-Cent Piece Value

1864 Small Motto Two-Cent Piece value guide -- the prototype variety, real proof rarity, and grade-by-grade prices.

1864 Small Motto Two-Cent Piece obverse
1864 Small Motto Two-Cent Piece reverse
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Year
1864
Mint mark
None (Philadelphia)
Composition
95% copper, 5% tin and zinc
Mintage
19,822,500

Current value

Grade
Estimated value
Good
$313
Very Good
$407
Fine
$498
Very Fine
$666
Extra Fine
$929
About Unc.
$1,243
Unc. (MS-60)
$1,522
Choice Unc. (MS-63)
$1,878
Gem Proof (PR-65)
$125,000

Note: a full grade-by-grade breakdown for this coin is still being compiled.

Source: USA Coin Book, https://www.usacoinbook.com/coins/670/two-cents/1864-P/small-motto/, cross-checked against PCGS CoinFacts, NGC Coin Explorer, and CoinWeek (retrieved 2026-08-21)

Why it matters

Struck from the original prototype dies used at the start of 1864 production before the motto lettering was revised -- an estimated 10,000 survivors in all grades combined, versus tens of millions for the Large Motto that replaced it.

The proof strike is one of the great rarities of the series: roughly a dozen known, with a real auction record near $132,000.

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Buying a two-cent piece

Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.

Grade before you price it

The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.

Check for authentication

A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.

Compare a few listings

Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.

Common questions

About the 1864 Small Motto Two-Cent Piece

How much is a 1864 Small Motto Two-Cent Piece worth?

Value depends heavily on condition. A well-worn example brings closer to $313, while an uncirculated one can reach $1,878 or more.

What makes the 1864 Small Motto Two-Cent Piece valuable?

Struck from the original prototype dies used at the start of 1864 production before the motto lettering was revised -- an estimated 10,000 survivors in all grades combined, versus tens of millions for the Large Motto that replaced it.

Should I get it professionally graded?

For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.


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