USPI-1903 Proof
Peso

Owner Comments:

Lyman Allen #16.01 (KM #168) - Mintage: Proof Mintage 2,558

Mintage for the first year of US/Philippine proof coin production was limited to 2,558 sets. The seven coin Philippine proof sets were produced at the Philadelphia mint from 1903 through 1908 (excluding 1907), and were sold to the general public for $2.00 per set. At the time these sets were produced, there was no protective packaging. Each coin was individually wrapped in tissue paper and placed in a plain paper coin envelope. As a result, many proof coins exhibit micro thin hairline scratches as well as heavy toning. When combined with very low mintages, and low initial sales to the public, it's easy to see why fully gem proof coins are very rare.

This coin is a beautiful, well preserved, heavily toned example of this initial proof mintage.

Date acquired: 1/12/2014 (Already graded by NGC)

Rev. 11/26/2015