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<p>[QUOTE=&quot;Publius2, post: 24633854, member: 105571&quot;]Yes, the Small Motto design was never intended to be anything other than a pattern.&nbsp; Frankly, no one knows certainly why proof and circulation strikes were produced and issued with the Small Motto.&nbsp; Although I suppose Kevin Flynn in his book has the &quot;best&quot; hypothesis.&nbsp; </p><p><br /></p><p>There were only two Small Motto obverse dies used to strike coins dated 1864.&nbsp; One die produced about 10 to 15 Small Motto proof coins.&nbsp; The other die produced an unknown quantity of circulation strike Small Motto coins but the number is usually estimated as &quot;several thousand&quot;.</p><p><br /></p><p>What do the TPG population reports tell us?</p><p><br /></p><p>There have been 1,205 grading events at PCGS and 746 at NGC for a total of 1,951.&nbsp; If we assume that 10% of these are resubmissions and crossovers (a completely arbitrary percentage on my part), then the number of coins would be 1,755.&nbsp; Assuming a survival rate of 20% (again, arbitrary but higher than most series because of the first year of issue, etc.) then the total minted might be 8,775.&nbsp; Compare that to the total mintage of two cent pieces dated 1864 of over 19 million.&nbsp; </p><p><br /></p><p>Just playing with the numbers.&nbsp; Your mileage may vary.[/QUOTE]</p><p><br /></p>

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