UNITED STATES PHILIPPINE (“USPI”) MINT STATE AND PROOF PESO PRICING!
wondercoin
Posts: 16,984 ✭✭✭✭✭
For all the collectors and dealers of United States Philippine Pesos (1903-1936), Justin just updated his Mint State and Proof Price Guides over on his “MonsterCoinMart” website (www.monstercoinmart.com). I believe this is the most accurate pricing information on the current values of USPI Mint State and Proof Pesos anywhere in the world.
In fact, other well recognized Price Guides out there currently undervalue these Peso coins by as much as 20x! Justin offers this information as a courtesy to the USPI collecting community and also hopes that it helps top auction venues like Heritage, Stacks, Legend and Great Collections when they take in consignments of these Mint State and Proof Peso coins and desire to properly value their consignments.
I welcome any thoughts from fellow collectors and dealers on any prices listed in Justin’s Price Guides. If anyone believes a price is too high or too low, please discuss it here. I know Justin will monitor this discussion as well and will likely address any and all thoughtful dialog on any prices listed in his guides. The goal is to have totally accurate pricing information on all USPI coins, especially these very special Pesos. To those dedicated USPI Peso collectors - enjoy reviewing Justin’s Price Guides!
Wondercoin
Comments
As someone who dabbles in USPI… how does he derive the prices? Auctions? eBay sales?
Went to the site, looks like they have a decent stock of nice coins - with no prices! I'm sorry, but the "price on request" under every coin in stock is a major turn-off. I get it somewhat at shows, but not from a website. A price on request for a 1974-S silver Ike dollar in MS-68? I don't think so.
And like mentioned above, what is the source for the pricing?
10-4,
My Instagram picturesErik
My registry sets
I sold one of the 06-s peso in 45 for the exact amount he has listed on the site, so I my opinion, its right on que for that coin
I very recently purchased some USPI coins at prices that are reflected quite accurately in this price guide.
There has been quite a number of USPI coins sold privately or at auction in a large range of grades lately.
From what I can tell, the values in the guide are taken from actual recent sales.
Great work from Justin!
I would recommend he create PDF versions of these for posterity so people in the future can reference his work, long after his website might disappear. Lots of info there.
I have a handful of mint state us-Philippines pesos. The price of these will easily 10X in the next ten years
That would be amazing to see. I can see increases happening as USPI coins become collected with US coins more broadly.
I agree the steep upward trend will continue.
There wasn’t much price movement for years, maybe decades, because most of the USPI coins (and nearly all of the high grade ones) were held in one private collection (JustHavingFun).
Now available in the marketplace, prices are seeking a balance, pitting supply vs. demand.
Demand seems to be the stronger of the two by a wide margin.
It’s because there are only 100-200 mint state example for common years of the pesos and there are tens of thousands of ms examples for Morgan’s. It only takes a couple hundred more collectors worldwide to push peso prices to the moon 🚀
I bought a 1912s vf30 peso earlier this year for 200 dollars. Now it appears to be worth around 500 dollars
That and a lot of USPI errors were in Ray Czahor's collection which sold recently.
ElmerFP... Justin is really not interested in selling almost anything from the website. Hence, almost no prices. His work on the Price Guides and USPI articles is entirely a non-profit venture for him. I understand he will expand the Guides on the site to cover all USPI coins as his time permits.
Wondercoin
“I have a handful of mint state us-Philippines pesos. The price of these will easily 10X in the next ten years”
Panda. It’s already happened. By way of example only, the 1903 Peso in MS64+ with a PCGS Price Guide of $1,300 just sold at public auction a few weeks ago for $14,400 in incredibly spirited bidding. That’s 11x the current price guide. I see the coin was entered in the current #1 MS Peso registry set. These are real sales and often at 5x to 20x current price levels. USPI coins are quite possibly the hottest area of the entire US Coin market hands down. And, hence the need for accurate Pricing Guides. Justin has provided the coin community the all important Peso guide. Next up for Justin are the 50 Centavos series.
Wondercoin
There may be no direct revenue from the Price Guide and USPI articles efforts, but saying it's a "non-profit venture" may be a stretch. Many for-profit coin dealers publish these for marketing purposes, so there is indirect revenue from the effort. They are, after all, tied to the coins he sells and they help promote his name, company and website for such coins.
Many larger companies hire entire marketing teams to prepare material like this in their area.
Zoins. You haven’t met our Chemistry geek yet! 😂
But, I agree with your premise that anyone who does something for charity, but does it in there own name instead of entirely anonymously, reaps an intended or unintended benefit.
Wondercoin
From a U.S Coin Forum thread in September, 2017, entitled “Opinion On Next Set To Collect”, I posted:
“This is a new set that I'm leaning towards, a great set for relatively little bucks.
I think this set has the best value of any coin series currently.
Proof United States Philippine Pesos.
There are five coins in the set.
1903 mintage 2,558,
1904 mintage 1,355,
1905 mintage 471,
1906 mintage 500,
1908 mintage 500.
These mintage numbers are wildly misleading as the actual survival rate is extremely low.
Finest known coins are available, and there is not a large pool of undergrade coins looking to ruin the high grade pops.
The vast majority of the 1903 and 1904 coins were likely melted due to rising silver prices at the time, and the overwhelming number of the few coins that were saved have been kept brilliant white by polishing, a practice still very common among Filipino collectors.
An entire collection, that may include a top pop or two could run $25,000-$50,000, or a fraction of the price of one top pop Morgan Dollar from the same time period.
And many, if not most of these coins are absolutely stunning pieces of art.
Also, for a long time, USPI coins have been considered "world coins". Currently, we are experiencing a change where numismatic publications and auction houses, and much of the general numismatic community are now properly recognizing USPI coins as United States coins.
I believe there is quite an opportunity in this series.
I believe that anyone acquiring these five coins in any of the highest grades would immediately put their set in the top three sets in the registry, where, given the low pops, it will likely remain for a very long time.”
Upon reflection, I now realize I was mistaken at that time, to not include MS USPI coins, as well as USPI coins of all other denominations.
Wish I hadn't sold my Philippine collection around 15 years ago! I sold an 06 proof Peso that would easily 4 or 5 for around $900. I believe it was Ray who bought it. He wouldn't haggle today like he did then!
@wondercoin
Since this is up your alley, would you be willing to take an guestimate of something like this please? I see no comps
11.5$ Southern Dollars, The little “Big Easy” set
I received this naughty lady today
Crypto: Stay toned... Justin will price it in his next batch of 50C values. I seem to recall when the coin was just pop 1 not too long ago. Did you get (2) more 67+ from the original roll? Wondercoin.
I've got a bunch of these, but they are all circulated and probably sea salvage. I just like them for the history. I am always on the look out for more, but they end up going for far more than I plan to pay when I see them in auctions on ebay or FB. The only uncirculated coins I have are minor coins and some WWII period.
“Upon reflection, I now realize I was mistaken at that time, to not include MS USPI coins, as well as USPI coins of all other denominations.”
RC- your pick of proof Pesos back in 2017 might very well turn out to be the best performing USPI series. None of the pop 1 finest known coins have come to auction in the past 4-5 years. There is really no telling what those proof pesos could fetch at a major auction sale.
Wondercoin
Yes they 3 67+ And the rest 65-67 with one details grade
I happen to know where the others are
Some pig,errr roll
11.5$ Southern Dollars, The little “Big Easy” set
Crypto: Great! congratulations. Do you also still have the 67+ coin with the toned obverse? I assume an end piece.
Wondercoin
Those came back 65s
11.5$ Southern Dollars, The little “Big Easy” set
Thanks for the post - it was very timely as a local USPI collector recently passed and I'm handling the collection for his children. I knew a little about these early USPI issues, but am now rapidly getting up to speed on them. If you know of any other useful resources, please let me know. I'm especially interested in learning more about the lower denominations. For example, it seems the 10 and 20 centavo proof issues have a lot of die polish (I actually had to dust off my stereo microscope just to verify what was die polish vs hairlines as a couple had been wiped). Also, what kind of prices do the lower denomination proof coins get for mid grades (62-64)? I see a few Heritage records for those grading 65 and up but not a lot of data otherwise. Krause seems useless and the greysheet has a few prices but is terribly incomplete, and I'm guessing inaccurate.
And on a different subject, do you know anything about a 2006 Silver Peso privately minted by a USPI collector? I'd love to know who made it but so far have not found anything. The collector acquired it at the ANA convention that year and notes a mintage of 100.
www.artfulinvestments.com
deleted