okay, here's my attempt on grading: Obverse: AG due to wear on the rim and no date seen Reverse G Slightly worn on the 6 o' clock area, and some spots of the elements eating the metal away at the 3 o' clock area. But it is a nice find for $5!
You have to give it a overall grade, can't have a grade for each side. This coin was likely cleaned at one time as well. Still a nice pickup though.
I can remember the first 2c piece I bought. It was 1983-ish. I think I paid $10 for a VF example in the cull bin -- and I was as happy as you were. Still have that coin somewhere. Neat find! That coin has an odd wear pattern to my eye -- I would have expected the date to still be visible.