NGC Registry Updated NGC Registry

USPI-10C


Set Type: 10 Centavos, 1903-1945, Mint State and Proof
Owner: coin928
Last Modified: 11/1/2019
Views: 1248
Filter Rankings: All Coins |  NGC Coins

Rank: 4
Score: 10327
Leading by: 5452
Points to Higher Rank: 909
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Set Description:

The basic U.S. Philippine Ten Centavo series is a set of 30 coins, each with a distinct history and many with one or more varieties. Completing the basic set of 30 is challenging, but completing the set with all coins in MS60 or higher can prove insurmountable for even the most advanced collectors. Present set owner included.

The U.S. Philippine 10 and 20 Centavo coins were very popular with the public from the first day they were issued. Unlike the the Half Centavo and the Five Centavos coins the 10 and 20 Centavos coins circulated well because they were familiar denominations and were similar in size and weight to the Spanish/Philippine coinage that had preceded them. The general public liked these coins and they used them, which is why some dates are almost impossible to find in an uncirculated state.

Recoinage took it's toll on the early coins in this series as well. Silver prices began rising in1905 and by November 1905, had risen past the face value of all of the silver coinage. Only a small number of one peso coins were minted in 1906, and in 1907 the size and weight of all of the silver coins was reduced. The early silver coinage was withdrawn from circulation as quickly as possible and coining of the new 10 centavos began in Philadelphia and San Francisco very early in 1907. By 1941, roughly 80% of all of the 10 Centavos struck for circulation in 1903, and 1904 were melted and recoined by the government alone. The maximum survival rate for these is at most 20% of the original mintage. The coins struck between 1907 and 1935 suffered some recoinage when the reverse design changed in 1937, but the number recoined was less than 1% of all that were minted. A survival estimate is provided for each of the coins struck for general circulation in 1903 and 1904.

This set is comprised of three distinct coin types which correspond to the Allen identifying numbers 7, 8, and 9.

Allen-7.01 - 7.06
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The design and physical characteristics of the first 8 coins in the set were specified by the Philippine Organic act passed on July 1, 1902 and an act of the US Congress passed into law on March 2, 1903. Interestingly, only three of these were issued for general circulation. Four were issued in proof for collectors, and the 1904(P) was issued only to be included in a 7 coin set to be sold in the Philippine Exhibit at the St. Louis Worlds Fair. The physical characteristics of the original 10 centavos were as follows:

Composition....0.9000 fine silver (balance in copper)
Total Weight ....2.6924 grams (41.55 grains)
ASW...................0.077906 troy oz.
Diameter..........17.5 mm
Edge..................Reeded

Allen-8.01 - 8.18
-----------------------
The majority of the set is composed of the reduced size and weight 10 centavos struck from 1907 through 1935. The basic design was the same as for the earlier coins, but the physical specifications were redefined by Act No. 1564 of the Philippine Commission necessitated by the rising price of silver. The act was passed into law on December 6, 1906 and applied for all coins minted from 1907 on. The reduced size and weight specifications were as follows:

Composition....0.7500 fine silver (balance in copper)
Total Weight ....2.0000 grams (30.8647 grains)
ASW...................0.048226 troy oz.
Diameter..........16.5 mm
Edge..................Reeded

An added benefit of the reduced silver content of the reduced size and weight was the seigniorage created. Nearly 162 new 10 centavos were produced for every 100 early 10 centavos recoined . Not counting the shipping and minting costs, the Philippine Government earned a nearly 62% profit on every early 10 centavo recoined!

Allen-9.01 - 9.05
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The design of the reverse was changed when the the Insular territory of the Philippines became The Commonwealth of the Philippines in 1935. The design of the commonwealth reverse was designed by Abrosio Morales,for the 1936 commemorative Pesos and Fifty Centavos. Beginning in 1937 the shield and eagle symbolizing the United States was replaced with the coat of arms for the Commonwealth of the Philippines on all circulating coins. The physical specifications remained the same as the previous type.

State of this set
----------------------
This set became 100% complete in March 2016 with the addition of a very low grade 1915S, a coin which has been upgraded twice since then. There were a few upgrades in 2017 and 2018, but 2019 turned out to be a very significant upgrade year. Five coins were upgraded to MS/PF65 and one was upgraded to MS66. As part of these upgrades, two PCGS coins were replaced by NGC graded coins.

The current state was reached in October 2019. Only three of the 30 coins in this set remain in a circulated state, all in AU55. The ultimate goal is still to have a complete set of uncirculated coins, but considering that NGC has graded only two 1915-S 10 centavos at or above MS60, it may be quite a while before that goal is attained.

Rev. 11/6/2019
 Slot DescriptionGradeServiceScore
View Coin 1903 MS 63 PCGS 0
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View Coin 1903-S AU 55 PCGS 0
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View Coin 1903 Proof PF 64 NGC 611
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View Coin 1904 MS 66 NGC 637
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View Coin 1904-S MS 64 NGC 381
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View Coin 1904 Proof PF 63 PCGS 0
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View Coin 1905 Proof PF 65 NGC 1173
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View Coin 1906 Proof PF 63 NGC 954
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View Coin 1907 MS 65 PCGS 0
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View Coin 1907-S MS 65 NGC 304
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View Coin 1908-S MS 64 NGC 209
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View Coin 1908 Proof PF 64 PCGS 0
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View Coin 1909-S MS 61 NGC 1163
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View Coin 1911-S AU 55 NGC 463
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View Coin 1912-S MS 61 NGC 442
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View Coin 1913-S MS 64 PCGS 0
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View Coin 1914-S MS 63 NGC 597
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View Coin 1915-S AU 55 NGC 721
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View Coin 1917-S MS 65 NGC 369
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View Coin 1918-S MS 65 PCGS 0
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View Coin 1919-S MS 63 NGC 241
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View Coin 1920 MS 64 NGC 563
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View Coin 1921 MS 65 NGC 237
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View Coin 1929-M MS 64 NGC 143
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View Coin 1935-M MS 64 NGC 143
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View Coin 1937-M MS 65 NGC 201
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View Coin 1938-M MS 65 NGC 81
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View Coin 1941-M MS 65 NGC 81
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View Coin 1944-D MS 66 NGC 345
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View Coin 1945-D MS 66 NGC 268
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