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New Purchase - Philippines 1897 Peso

JZraritiesJZrarities Posts: 2,583 ✭✭✭
in World & Ancient Coins Forum

Just picked this up friday.

image

It has that 'Look' that I like, but I think I paid too much (toning tax?)

The dealer had it marked at $135, but I picked it up for $75

Anyone have a Krause?
He graded it AU/BU and I agree. It either has a little wear in the hair, or it was weakly struck.

Comments

  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Very Nice!!! Mmmmmmmm!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • trozautrozau Posts: 3,455 ✭✭✭
    Nice boy king. image
    trozau (troy ounce gold)
  • harashaharasha Posts: 3,097 ✭✭✭✭✭
    I would say it was a definite good buy. Back in July of 2003, I purchased it VF from Zarit (with whose grading I agree) for $69.
    I also won one, that same month, from a Stacks auction (skeptical of their grading), XF, for $65.
    Honors flysis Income beezis Onches nobis Inob keesis

    DPOTD
  • AuldFartteAuldFartte Posts: 4,597 ✭✭✭✭
    That's a beauty, JZ image
    image

    My OmniCoin Collection
    My BankNoteBank Collection
    Tom, formerly in Albuquerque, NM.
  • oldshepoldshep Posts: 3,240 ✭
    To find old Philippine coins in that condition is rare indeed. Beautiful coin.
    Shep
    image
  • JusthavingfunJusthavingfun Posts: 835 ✭
    Hello JZ Rarities:

    You have a nice coin there. From the fullness of the ribbon on the reverse, as it crosses the pillar -- and the legibility of the legend on the ribbon, the reverse looks unc. But the hair on the obverse shows just a tiny bit of filling in, consistent with slight wear. So figure anywhere from AU58 to MS60.

    In either case, you have a bargain. A large hoard (maybe 1,000) was discovered a few years ago in the Philippines. My guess is that this is from that hoard. I've personally looked through about 400 of them, and didn't find any the equal of yours. The coin is worth at least $125 as a beautiful AU. And if it is unc. the coin is extremely scarce in that condition and could easily be worth double that. You got yourself a very nice deal.

    Enjoy it. It's a beaut.


    Just Having Fun

    Jefferson nickels, Standing Libs, and US-Philippines rock
  • cosmicdebriscosmicdebris Posts: 12,332 ✭✭✭
    image
    Bill

    image

    09/07/2006
  • ClankeyeClankeye Posts: 3,928 ✭
    Great looking coin, JZ. No way you paid too much.

    Justhavingfun knows that of which he speaks--so you done good.


    Clankeye
    Brevity is the soul of wit. --William Shakespeare
  • lordmarcovanlordmarcovan Posts: 43,654 ✭✭✭✭✭
    75 bucks? Ha. Looks like you made an excellent snag, to me! image

    For a second there, I thought that was a Puerto Rican peso, which would have been a really nice snag!

    Explore collections of lordmarcovan on CollecOnline, management, safe-keeping, sharing and valuation solution for art piece and collectibles.
  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
    Justhavingfun/Clank/LordM/et al,

    Thanks for the great info - it is VERY appreciated.
  • MSD61MSD61 Posts: 3,382 ✭
    I love a bargin!! Very nice purchase!!!
    Omnicoin
  • GallienusGallienus Posts: 31 ✭✭✭
    It is very difficult to grade coins thru a photo. Also I don't know the value of these.
    I collect Ancients and early Independence Era Latin American.
  • ajaanajaan Posts: 17,447 ✭✭✭✭✭
    4th ed. Krause XF $65.00 Unc. $300.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • CladiatorCladiator Posts: 18,068 ✭✭✭✭✭
    out-fricken-standing!
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