Owner Comments:
Lyman Allen #2.32 (KM #163) - Mintage: 17,455,463
The U.S. Congress passed the Tydings-McDuffie Act in 1934, providing for a period of commonwealth status for the Philippines beginning in 1935 and leading to independence in 1946. On November 15, 1935, the commonwealth era began. The Filipinos elected their own government and were largely self-governing internally. The United States however, was still responsible for foreign and military affairs. Manuel Luis Quezon became the first elected president and appeared on all three commemorative coins issued in 1936.
Other than the 40,000 commemorative coins, the only other denomination struck at the Manila mint in 1936 was the one centavo. Even though the Philippines was no longer a U.S. insular territory, the one centavo coins were still struck with the Territorial reverse. More centavos were struck by the Manila mint in 1936 than in any other year before or after, which is probably due to pent up demand since no coins were minted in 1935 and no other regular denominations were struck in 1936.
This coin exhibits a typical Manila mint strike with beautiful full red coloring.
Varieties: None cataloged for this year.
Date acquired: 12/29/2011 (already graded by NGC)
Rev. 12/12/2015