Owner Comments:
Lyman Allen #7.01 (KM #165) - Proof mintage: 2,558
General
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
This particular coin is highly reflective with a slight cameo effect and very light toning on the reverse. Conveying the beauty and quality of these old proof coins is always difficult to do using just 2 two-dimensional images.
Varieties
Only one pair of dies was created, so there are no die varieties for this issue
Date acquired: 12/3/2012 (already graded by NGC)
References
- Shafer, N. "United States Territorial Coinage for the Philippine Islands." Racine, Wisconsin: Whitman Publishing Company, 1961.
Rev. 10/19/2017