Owner Comments:
This is the last coin of the series, and is considered a semi-key because it is quite scarce in uncirculated condition (for similar reasons as to why the 1911 Peso is scarce). So even though far more of these coins were struck than the 1911, there are fewer than half that are NGC-graded in Mint State compared to the 1911 Peso (other TGPs have similar population ratios). The 1912 has the second lowest MS grade population in the series (next only to the 1906-S) as of this writing.
There had been a steady decline in the minting of these Peso coins since 1909, leading to the eventual cessation of its production in 1912. This was perhaps due to a combination of factors: there were too many coins in circulation; they were not widely used as most people preferred paper currency for convenience; and, millions were kept in the Insular Treasury vaults for use as backing for Philippine currency. Having enough Peso coins to last, there was no need to continue the practice of annual minting until demand emerged, which never did.
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A very slight hint of gold tone blankets the surface of this brilliant, lightly circulated elusive issue. This coin shows generous luster and is nicely struck. The surfaces are relatively clean, save for some moderate handling marks in the fields.
⚙️ Coin Specifications and Information
Composition: Silver
Fineness: 0.8000
Weight: 20.0000g
ASW: 0.5144oz
Diameter: 35mm
Edge: Reeded
Alignment: ⬆️ ⬇️
Mintage: 680,000
KM# 172
📆 This Year In Philippine History
On November 9, 1912, Teodoro A. Agoncillo, a renowned Filipino historian and national scientist, was born in Lemery, Batangas. Agoncillo started writing history from the so-called Filipino point of view, along with his contemporary historians Renato Constantino and Gregorio F. Zaide. They stand as the most prominent 20th century Filipino historians to emerge during the post-war period. Agoncillo's "History of the Filipino People" was first published in 1960. To date, it remains a popular standard textbook in many Filipino universities as are many of Agoncillo's other works.
Some of his other well-known works include Revolt of the Masses (1956), Malolos: the Crisis of the Republic (1960), the Fateful Years (1965), and History of the Filipino People (1960) which are all still being used as textbooks in many schools.
For this outstanding works as a historian, he was conferred as a National Scientist in 1985. Accordingly, Agoncillo obtained a bachelor's degree in philosophy from the University of the Philippines (U.P.) in 1934 and a master's degree in the arts from the same university the following year. He became linguistic assistant at the Institute of National Language and as an instructor at the Far Eastern University and the Manuel L. Quezon University and a faculty member of U.P., chairing the Department of History from 1963 to 1969, until his retirement in 1977.
Until his death on January 14, 1985, Agoncillo served as a member of the National Historical Institute.
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📖 Information sources:
Shafer, N. (1961). United States Territorial Coinage for the Philippine Islands. Whitman Publishing Company.
Wikipedia contributors. (2020, June 2). Sheldon coin grading scale. In Wikipedia, The Free Encyclopedia. Retrieved 21:30, September 5, 2021, from https://en.wikipedia.org/w/index.php?title=Sheldon_coin_grading_scale&oldid=960391269
NGC, World Coin Price Guide, Philippines Coin Price Guide (Powered by NumisMaster), Retrieved 21:27, September 5, 2021, from https://www.ngccoin.com/price-guide/world/philippines-peso-km-172-1907-1912-cuid-1112357-duid-1518523
Numista Coin Catalog. Coins from Philippines. Retrieved 21:24, September 5, 2021, from https://en.numista.com/catalogue/pieces4349.html
Today in Philippine History, November 9, 1912, Teodoro A. Agoncillo was born in Lemery, Batangas. Retrieved 14:35, August 9, 2021, https://kahimyang.com/kauswagan/articles/737/today-in-philippine-history-november-9-1912-teodoro-a-agoncillo-was-born-in-lemery-batangas