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The US Two Cent Piece 1864 Large Motto AU holds a significant place in American numismatic history, representing an important era of coinage reform and innovation in the United States. Minted during the height of the Civil War, this coin played a crucial role in addressing the nation's need for small denomination currency amidst a period of economic uncertainty and upheaval.
Introduced in 1864, the Two Cent Piece was the first coin of its denomination in US history. It was authorized by the Coinage Act of 1864 as a response to widespread hoarding of coins during the Civil War, which caused a shortage of small denomination currency needed for everyday transactions.
The obverse of the coin features a left-facing bust of Liberty, surrounded by the inscription "IN GOD WE TRUST" and the date "1864" below. The reverse displays a large "2" within a laurel wreath, with the inscription "UNITED STATES OF AMERICA" and the denomination "TWO CENTS" encircling the central design.
The US Two Cent Piece 1864 Large Motto AU was struck at the Philadelphia Mint, which was the primary mint facility for producing coinage at the time. The exact mintage figures for the 1864 Large Motto variety are not readily available, but it is estimated that millions of coins were produced to meet the demands of commerce.
In AU (About Uncirculated) condition, the US Two Cent Piece 1864 Large Motto exhibits light wear on the high points of the design, with traces of original mint luster still visible. The coin may have some minor abrasions or surface marks, but overall, it retains sharp details and attractive eye appeal.
The US Two Cent Piece 1864 Large Motto does not come with any specific packaging, as it was originally intended for circulation and would have been distributed through banks and commerce channels. However, collectors may choose to store and display the coin in protective holders or albums to preserve its condition.
The US Two Cent Piece 1864 Large Motto represents a pivotal moment in American coinage history, reflecting the nation's efforts to adapt to the challenges of wartime economics and ensure the stability of its currency. The introduction of new coinage denominations during this period marked a significant departure from traditional US coinage practices and paved the way for future innovations in numismatics.
Today, the US Two Cent Piece 1864 Large Motto is highly sought after by collectors of US coins and numismatic enthusiasts. Its unique design and historical significance make it a prized addition to any collection, and examples in AU condition are particularly desirable due to their combination of scarcity and attractive appearance.
As with any historical coin, the US Two Cent Piece 1864 Large Motto tells a story of America's resilience and ingenuity during a time of crisis. It serves as a tangible reminder of the sacrifices made by the American people during the Civil War and the efforts of the government to ensure the stability of the nation's currency.