Owner Comments:
In 1904, the Philadelphia mint produced a total of 11,355 of these peso coins, with 1,355 being proof coinage as part of that year's proof set for the Philippines. The remaining 10,000 were ordered by Farran Zerbe, a well-known numismatist and 1907 American Numismatics Association president . According to Neil Shafer (1961), Zerbe "ordered these sets to be placed for sale at the Philippine Exhibit held as part of the Louisiana Purchase Exposition in Saint Louis in 1904" (pp. 32-33). Shafer continues to describe the coins: "the first strikings of this order...may have been prooflike in quality and appearance, but the majority of them were stuck as Uncirculated coins" (p. 33). It is interesting to note that although these coins were not intended for circulation, around 6,000 ended up in circulation due to the low demand at the 1904 expo (Shafer, 1961).
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This coin has very nice cartwheel luster with untoned silver surfaces. It is mainly brilliant white with slight toning near the rim on the obverse's right side. Marks that are commensurate with the grade are scattered here and there. The reverse is a bit cleaner but has a small spot on the lower right side of the shield. Overall, this is a nice desirable coin from the series' second year of issue.
⚙️ Coin Specifications and Information
Composition: Silver
Fineness: 0.9000
Weight: 26.9500g
ASW: 0.7800oz
Diameter: 38mm
Edge: Reeded
Alignment: ⬆️ ⬇️
Mintage: 10,000
KM# 168
📆 This Year in Philippine History
On October 19, 1904, the Polytechnic University of the Philippines (PUP), or Politeknikong Unibersidad ng Pilipinas in Pilipino, was founded. The PUP is a research and coeducational state university in the Philippines founded as the Manila Business School (MBS) and as part of Manila's public school system.
It was eventually promoted to chartered state university in 1978. PUP has more than 20 campuses and extensions across Central Luzon, Southern Luzon and Metro Manila. With over 70,000 enrolled students, PUP claims to be the largest state university in the Philippines by student population.
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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-168-1903-1906-cuid-1085604-duid-1519450
Numista Coin Catalog. Coins from Philippines. Retrieved 21:24, September 5, 2021, from https://en.numista.com/catalogue/pieces4349.html
Congressional Serial Set, January 1, 1903, U.S. Government Printing Office, Dec 31, 1903, 532 pages. Page 414.
Wikipedia contributors. (2021, September 29). Polytechnic University of the Philippines. In Wikipedia, The Free Encyclopedia. Retrieved 12:09, September 30, 2021, from https://en.wikipedia.org/w/index.php?title=Polytechnic_University_of_the_Philippines&oldid=1047173176