Owner Comments:
This 1905 issue is the scarce Straight Serif variety. It is characterized by having a triangular-shaped top number "1" in the date, instead of the curved top of the other variety. Although this coin's mintage is unknown, it is estimated that only a small fraction of the 6 million struck are from the Straight Serif reverse die.
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This piece was the sleeper coin of my set because I acquired it as an extra in one of my trades during the early part of my set-building. I had very little interest in it at the time because for one, it was not blast white, which is how I preferred my coins back then. Another reason was because of its low grade. Last, I did not realize at the time that a straight serif variety was a bit scarce. So, it remained forgotten because NGC didn't include it in the set until recently. Now it is no longer forgotten, but proudly displayed with the rest of the coins in "Ye Olde Peso Collection."
This choice extremely fine beauty is richly toned with dense, deep-brown toning over both sides. There is only slight, overall wear at the coin's highest points. It has scattered dark spots and a dark toned area on the reverse rim top area, but all the details are still full and very sharp. It has eye appeal for those into toned coins.
⚙️ Coin Specifications and Information
Composition: Silver
Fineness: 0.9000
Weight: 26.9500g
ASW: 0.7800oz
Diameter: 38mm
Edge: Reeded
Alignment: ⬆️ ⬇️
Mintage: Unknown
KM#168
📆 This Year in Philippine History
In 1905, the Federalista Party (Partido Federalista in Tagalog), a conservative political organization, rescinded their statehood platform due to limited appeal. Their original platform was for the Philippines to become a U.S. state.
The Federalistas, who were favored by the Americans such as governor-general William Howard Taft, dominated the assembly until 1905 when internal divisions and the new Nacionalista Party began to dominate the assembly. With declining political fortunes, the Federalistas has no choice but to revoke their statehood platform.
The Partido Federalista was originally formed in 1900 by the ilustrados, a Filipino native elite class (which literally meant "enlightened ones") and later renamed the National Progressive Party (Progresista Party in Tagalog). They took up a platform of independence.
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📖 Information sources:
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
Wikipedia contributors. (2021, October 5). Progresista Party. In Wikipedia, The Free Encyclopedia. Retrieved 21:31, October 5, 2021, from https://en.wikipedia.org/w/index.php?title=Progresista_Party&oldid=1048313810