Before I rip into this coin I have to say I would love to add it to my collection. Finding 2 Cents in anything like this condition is not easy these days.
First your double question. the
Two Cent series has many varieties, Re-tooling on the lettering is so common its hard to find one that has not been re-tooled. I don't mean post mint either this was done on the dies. That being said from the pictures you have posted I will tentatively confirm its a double die. The doubling is not just on the lettering but also on the ribbon.
The colour is very scary. I have had similar ones in the past that have been chemically treated. Sometime the treater does not know what long term effect the treatment will have. I would suggest an airtite for the coin lest it end up like this

Grade. Based on the pictures I will say MS62 the Arrows are not a defined as they could be and its not a strike issue as the rest of the coin is sharp. The leaves on the left are showing signs of wear as the central vein does not travel all the way down. The scrolling on the shield shows some rub but this may just be the lighting. Some nice die scratches on Trust and a Die crack on the D of God. The ribbon should be a lot sharper even if doubled. The corn ears on the right also show signs of light wear.
All this is from memory as I don't have any of my reference material here in Brazil. As usual there are a lot a things I will have missed. Perhaps Tpatna will be along later and have time to look at Flynn to give you a variety number on this one. From memory it not in Breen but I am fairly certain its listed in Flynn. Please have an experienced dealer look at the coin to check the toning. I would hate to see it turn.
Edited by nohope587
12/27/2007 9:36 pm