Owner Comments:
1945-D U.S. PHILIPPINES TWENTY CENTAVOS
PCGS MS66
PCGS Certification # 48085544
SPECIFICATIONS
Category: Philippines Under U.S. Sovereignty
Mint: Denver
Mint Mark: D
Mintage: 82,804,000
Obverse Designer: Melicio Figueroa
Reverse Designer: Ambrosio Morales
Composition: Silver
Fineness: 0.75
Weight: 4 grams
ASW: 0.0964oz
Melt Value: $2.19 (2/3/2024)
Diameter: 20mm
Edge: Reeded
Holder: PCGS Gold Shield (Protected by NFC anti-counterfeiting technology)
PCGS Price Guide Value: $75.00 (02/03/2024)
This attractive Premium GEM is brilliant and only lightly toned.
During the World War II Japanese occupation of the Philippines the Japanese confiscated coins held by banks and in circulation, melted them down and shipped them back to Japan to be used in their war effort. The few pre-war coins that escaped the melting pots were hoarded and hid away until after the war. With coins almost totally absent from circulation most daily commerce was conducted with low denomination paper currency (Emergency or Guerilla Currency) printed by Guerrilla military units, local municipalities, or Military and Civilian Currency Boards authorized by General MacArthur or the Commonwealth government-in-exile under President Quezon.
During the Japanese occupation there was a very active resistance movement in the Philippines, and allied intelligence was very much aware, of the economic situation in the islands, and the need to bring new coins and currency with them when they liberated the Philippines.
In preparation for General MacArthur’s return to the Philippines, the Treasury Department ordered the Denver Mint to strike millions of Ten Centavos coins. When American forces liberated the Philippines in 1944 - 1945 they brought with them over 111 million Ten Centavos coins struck at the Dever Mint in of 1944 and 1945. Due to the need to replace nearly all the coinage necessary for the Philippine economy dies were used beyond their normal limits and quality was sacrificed in favor of quantity. As a result, the 1944-D and 1945-D U.S. Philippine Ten Centavos are typically weakly struck particularly on the reverse.
PCGS Population: 136/41 (02/03/2024)
NGC Population: 83/19 (02/03/2024)
Purchased in Great Collections January 28, 2024, Online Auction, Lot # 1497907.