Released this from the 2x2 that it was in for at least the last 39 years (my great uncle passed away in 1977) and submitted it to PCGS.
I'll say 65 and will also summons @PennyGuy as I am not up on all the varieties of the two cent piece, however this is a fancy 5, and if you look closely I believe that this is not only a RPD but an MPD as well. I could be wrong but am very hopeful that I am right.
Overall on grade I'll agree with ldhair, 64 or 65. Date digits repunched, and something below the digit 6 that sure looks like a MPD digit. Obverse die crack below date running to left to rim below arrow head. Multiple recut letters on reverse. A lot going on with this one.
AU 58 ...it looks fairly clean/mark free, but I think I am seeing some wear on the high points, so I'm going with a high end AU.
Sounds like others might agree with me, that the "top" grader got this one wrong. - Genuine XF Details (92 - Cleaned) http://www.pcgs.com/cert/82203285 - They didn't note the "Fancy 5", but that could be my fault, if I put the wrong PCGS number on the submission form, which seems unlikely, but I was in a rush. I was expecting a straight grade of 45 (on a bad grader day) to 55.
I personally don't see this as an xf coin but do agree that it has been cleaned or treated with something . The creamy like material around the date as well as the surfaces looks to me as someone put something on the coin . That said it's still a cool specimen to own especially that it's been handed down from a family member .
One other note I am sure it is a variety . As to a RPD, and or MPD or both...what I am not sure of as my CPG is way out of date. Is it a new unknown or one that has been discovered .
The closest I found was 1865, Fancy 5, RPD, 1302 https://whitman.com/redbook/10072 Thanks for the interest/input.
Can't say that I know how my uncle treated, or "treated", his coins. Maybe it just went through the wash at some point in it's 151 year long life, lol. If it were a valuable coin, then I might send it in to PCGS to have them clean, I mean "restore", it. Personally, I think it looks fine the way it is.... toning, gunk, and all, and that's all that matters.
Well your uncle must of known he had something special . As it definitely has a lot going on with it . And you must feel special also to have received it as a family heirloom . Not having much family left myself it has concerned me what will become of my collection . There's another thread on CT now addressing this same issue . No matter I just like to know that whoever ends up with the coins that they will be appreciated and enjoyed .