JAA USA/Philippines One Peso Collection
1907-S

Owner Comments:

.800 Silver, 20.0 Grams, ASW .5144 oz, 35 mm.
Mintage: 10,276,000

The obverse and reverse designs of the 1907 through 1912 Peso are the same as the 1903 through 1906 Peso.In 1907 a rise in the price of silver forced the reduction of the fineness and weight for all Philippine silver issues. In 1907 the silver Peso was reduced in fineness from .900 silver, 26.95 Grams (ASW .7800 oz) to .800 silver, 20.0 Grams (ASW .5144 oz), and the diameter was reduced from 38 mm to 35 mm. Business strikes of the reduced size and weight Peso were struck at the San Francisco Mint from 1907 through 1912. Proof reduced size and weight Pesos were struck at the Philadelphia Mint in 1908.

In 1942 about 16 million Pesos in silver coins were crated and thrown into the sea near Corregidor to avoid seizure by the invading forces of Japan. The majority of these coins were 1907 through 1912 Pesos that were being stored for use as backing for the paper money then in circulation. Since the war over 10 million Pesos have been salvaged however these sea salvaged coins are typically heavily corroded from their long immersion in salt water.

NGC Population 13/10; PGCS Population 10/32