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These were common circulation coins until 2002 when Germany adopted the euro. At that time it was only worth face value, about 1¢ US.

Today a 1965 2 pf coin in average condition has no added collector value. However it may be worth more if it's in better condition: sammler.com, a major German collectibles site, lists the following approximate retail values as of 09/2013:

"D" mint mark (München [Munich]), "F" (Stuttgart), "J" (Hamburg):

Slightly worn - US$0.30

Almost no wear - US$3.40

Uncirculated - US$6.80

"G" (Karlsruhe):

Slightly worn - $0.30

Almost no wear - $5.40

Uncirculated - $8.10

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Q: What is the value of a 1965 Bundesrepublik Deutschland 2 Pfennig coin?
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