JAA USA/Philippines 1908 Proof Set
Peso


Obverse
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Reverse
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Coin Details

  

Set Details
Origin/Country: United States
Design Description: PHILIPPINES UNDER U.S. SOVEREIGNTY REDUCED SIZE & WEIGHT
Item Description: SILVER PESO 1908 USA-PHIL KM-172
Grade: NGC PF 63
Owner: JAA
 
Winning Set: JAA USA/Philippines 1908 Proof Set
Date Added: 7/6/2012
Research: See NGC's Census Report for this Coin

Owner's Description

.800 Silver, 20.0 Grams, 35 mm.

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 to .800 silver, 20.0 Grams, 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.

The 1908 Peso is a PROOF ONLY ISSUE with a mintage of 500 coins. The NGC population of the 1908 Peso in PF63 is ten coins with nineteen specimens graded higher. The combined (NGC, PCGS, ANACS) certified population for this coin is 15/49.

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