The highest possible grading is 70, and anything over 65 is known as “gem quality”.Ī grading of 66 under the PCGS system means the coin was the product of a good strike. The 66 is a mark for the quality of the strike and the condition of the coin. This version of the 1907 bi-national peso was graded MS66 by the Professional Coin Grading Service, the PCGS. But mint state coins – those produced for circulation but never actually circulated – are also highly collectable. Proofs may be the cream of the crop when it comes to attracting high prices. This one sold privately in 2018 for just under $1 million. The largest of the two now resides in Manila’s Museum of Money. And because each one was struck on a planchet with a different diameter and fineness, both are unique. The whole series were beautifully detailed, showing Lady Liberty on one side and an Eagle on a shield on the other. The coins were marked Philippines on the obverse and USA on the reverse. This proof coin was produced in the USA, one of a series of bi-national coins produced from 1903 to 1908. So in 1907, they were made in far smaller numbers, usually to be kept in currency archives. But the process for making a proof is time consuming and expensive. In more recent years, they have been struck in relatively high quantities for collectors. Proofs are coins that were never intended for circulation as currency. This proof coin is the only one of its kind, making it highly desirable to collectors. Join us, as we search out the most collectable specimens to have come to the market in recent years. The coins of the Philippines provide a fascinating insight into the islands’ journey from Hispanic and American colony to independent nation.īut what are the most valuable Philippine coins? How can you spot them? And just how much might they be worth?
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