Ron Guth: The 1867 Doubled Die Obverse Two Cent Piece is a dramatic and fairly obvious error. The most obvious doubling can be seen on the motto, where most of the letters (especially those in GOD) are widely doubled, with the first impression too far to the left. The arrows and the leaves on the left side of the wreath show clear doubling. Unfortunately, the date is not affected.
This is a very desirable variety, but it is relatively easy to find in circulated grades and can still be cherrypicked on occasion. In Mint State, the population is low, especially with full Red color. As of September 2011, PCGS reported 26 Mint State examples out of a total population of 94 pieces. Of the Mint State examples, 10 were Brown, 14 were Red-Brown, and only 2 were Red. The finest examples certified by PCGS were 3 MS64 BNs, 3 MS65RBs, and 1 MS65RD.