The United States Manila Mint: A Type Set of the Coins & Medals of America's Forgotten Mint
Twenty Centavos Muled with Five Centavos Reverse, 1928

Owner Comments:

Mintage: 100,000
Composition: Silver
Fineness: 0.7500
Weight: 4.0000g (61.72 grains)
ASW: 0.0964oz
Diameter: 21 mm
Edge: Reeded
Mint Mark: M

All 1928-M Twenty Centavos are "MULES", combining the regular Twenty Centavos obverse die with a regular Five Centavos reverse die, which bears a narrower shield and larger date than the Twenty Centavos reverse. Unlike the 1918-S Five Centavos MULE which was made in error the 1928-M Twenty Centavos MULE was made intentionally to fill a rush order for Twenty Centavos pieces from the banking community. Since no reverse dies for Twenty Centavos had been sent from Philadelphia that year, the only suitably sized reverse die available was that used for Five Centavos coins. A 1927 Five Centavos die was altered and used for the 1928 Twenty Centavos. The underdate feature is faint at best and is rarely if ever detectable. The 1928 Twenty Centavos has a M Mint Mark on the reverse to the left of the date.

The 1928/7-M MULE had a Mintage of only 100,000 coins making it the lowest mintage "Reduced Size & Weight" Twenty Centavos and a key date in the Twenty Centavos series. In AU55 this coin has a PCGS Population of 3/38 and a Combined PCGS/NGC Population of 4/52 (12/01/2013).

This specimen is a well struck, problem free, Choice AU, with plenty of original mint luster and a nice cartwheel on both obverse and reverse.