1 Песо

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1906,
PHILIPPINES. Peso, 1906-S. PCGS MS-61.

VERY RARE Mint State 1906-S Peso

KM-168. A key date to the early U.S. Philippines series, the 1901-S is VERY RARE in mint state. Although the literature lists a mintage of 201,000 Pesos struck, most of these were never released then melted and recoined into the smaller size Peso struck in 1907. There are believed to only be a few hundred examples known, many of which are heavily circulated to the point of being in the Fine-Very Fine range. Others that were saved were perhaps not cared for properly over the years, and have seen varying degrees of cleaning and/or polishing. Further evidence of the true scarcity of the date, PCGS has only assigned numerical grades to this date 36 times. Only a very small handful of examples are known in Mint State, and these create quite the stir when available to the collector public. The coin offered here is a brilliant and untoned example with pearly-silver luster. Light scuffs in the field account for the assigned grade, but do not detract from the eye appeal. According to the PCGS population report, there are a mere three examples graded as MS-61, with a paltry 2 examples finer at MS-62. This is an important opportunity for the specialist.

PCGS#: 90386