US Philippine Coins
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USPI BUSINESS STRIKES
  Half Centavo
  One Centavo
  Five Centavo
  Ten Centavo
  Twenty Centavo
  Fifty Centavo
  One Peso
USPI PROOF COINAGE
  Half Centavo
  One Centavo
  Five Centavo
  Ten Centavo
  Twenty Centavo
  Fifty Centavo
  One Peso
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The US Philippines
One Peso Business Strikes
          The One Pesos are the largest and the most popular of the US-Philippine series, and a number of the earlier dates are fairly easy to get nice.  The 1904 is the most common. The 1904-S was a hoarded coin and just recently, a bag of them came on the market.  Like the 1903 50 centavos, most of these coins were so covered with bag marks that they were lucky to qualify for MS-63.  And even though the 1904-S is very common in low grade unc, there’s only one graded gem by NGC or PCGS.

          The key coin in the series is the 1906-S which was minted in considerable quantity and shipped to the Philippines.  But before the coins were released, the price of silver had risen so sharply that the bullion value of the coins was greater than their face value, and so the coins were shipped back to America to be melted.  Luckily, about a hundred coins were released into circulation and those are what formed the basis of the availability of these coins today.

          A wealthy Philippine collector from the 1980’s through the early 1990’s made a point of buying every genuine 1906-S peso that came to auction in the Philippines.  But, unfortunately, this collector liked his coins shiny so he cleaned them, and not gracefully either.  So, not only are these coins extraordinarily scarce because there were only a hundred of them that were released into circulation, but also because the majority of them were cleaned.

          The 1906-S Peso, along with the 1918-S 5 centavo mule, and the 1903-S 50 centavos are the 3 crowned jewels of any USPI collection.  Even in MS-60, these are 20 to 30,000 dollar coins.  The 1911-S and 1912-S are the semi keys, and the 1912-S is particularly hard.

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 1903 One Peso MS-63 PCGS   1903 One Peso MS-63 PCGS   $3,390.00  Buy Now 
 1903-S One Peso MS-64 PCGS   1903-S One Peso MS-64 PCGS   $4,500.00  Buy Now 
 1903-S One Peso MS-63 PCGS   1903-S One Peso MS-63 PCGS   $1,450.00  Buy Now 
 1903-S One Peso MS-62 NGC   1903-S One Peso MS-62 NGC   $600.00  Buy Now 
 1904 One Peso MS-65 PCGS   1904 One Peso MS-65 PCGS   $2,400.00  Buy Now 
 1904 One Peso MS-64 PCGS   1904 One Peso MS-64 PCGS   $1,200.00  Buy Now 
 1904 One Peso MS-63 NGC   1904 One Peso MS-63 NGC   $900.00  Buy Now 
 1904-S One Peso MS-63 PCGS   1904-S One Peso MS-63 PCGS   $800.00  Buy Now 
 1904-S One Peso MS-62 PCGS   1904-S One Peso MS-62 PCGS   $435.00  Buy Now 
 1906-S One Peso F-12 ANACS   1906-S One Peso F-12 ANACS   $1,920.00   Sold
 1908-S One Peso MS-63 NGC   1908-S One Peso MS-63 NGC   $325.00  Buy Now 
 1908-S One Peso MS-62 ANACS   1908-S One Peso MS-62 ANACS   $150.00  Buy Now 
 1909-S One Peso MS-63 ANACS   1909-S One Peso MS-63 ANACS   $1,000.00  Buy Now 
 1910-S One Peso MS-63 NGC   1910-S One Peso MS-63 NGC   $1,500.00  Buy Now 
 1911-S One Peso MS-61 ANACS   1911-S One Peso MS-61 ANACS   $3,000.00  Buy Now 
 1936 One Peso Murphy/Quezon MS-64 PCGS   1936 One Peso Murphy/Quezon MS-64 PCGS   $400.00  Buy Now 
 1936 One Peso Roosevelt/Quezon MS-64 PCGS   1936 One Peso Roosevelt/Quezon MS-64 PCGS   $320.00  Buy Now 
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