1936 Commemorative Coinage of the Philippines
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These two silver pesos were struck in 1936 by the Manila mint to celebrate the country's new status as a U.S. commonwealth (as opposed to a dependent territory which it had been considered since around 1898). Both coins feature the incoming president of the Philippines, Manuel L. Quezon. Together with Quezon on one of the coins is the well-known former U.S. president Franklin Delano Roosevelt. I believe this is the only American coin that depicts a living president?! The other coin portrays the lesser known Frank Murphy. Murphy was the outgoing governor at the time. After the country became a commonwealth, I believe Quezon only had U.S. "advisors." Each coin had a mintage of 10,000 and sold for around $1 each. When the Japanese invaded during WWII, many of these commems, together with a bunch of other coins, were dumped into the sea to prevent them from falling into enemy hands. Well, I guess silver and salt water don't mix, because the majority of this issue now looks like crap. I don't know how many mint state examples exist today, but I suspect only a few hundred. Here is a couple of gems that were put away and cared for by a Philippine collector. They are a nice matched pair, sequentially certified by ANACS.
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Shep
<< <i>FilamCoins: Very nice Pesos and write-up! >>
Yes ...
And, hi, USAROK. I think Mr. Filam's estimate of the number of survivors (a few hundred) is close to the real number. So your policy of putting aside the nice ones will likely pay nice dividends.
Now two questions for both of you:
(1) My experience is that the Murphy Quezon is a tad harder to find than the Murphy Roosevelt. Is your experience similar?
(2) My experience is that the 50-centavo is quite a bit harder to find nice than either of the Pesos. Yes, yes, I know .... the mintage for the 50 centavo (20,000) is double the mintage for the pesos. But they just don't seem to come nicely. And I'll often two-coin sets for sale, but rarely see the 50 centavo or a three coin set. What's your experience on the 50 centavo.
Warm regards,
Just Having Fun
But hardest of them all is the 1936 50 centavo. Even though that has twice the mintage, the 50 centavo coins just don't seem to have been saved as ardently as the pesos, and to me, they're clearly the hardest of the three to find. So salt them away too.
Hey there Mr. Fun!
<< <i>(1) My experience is that the Murphy Quezon is a tad harder to find than the Murphy Roosevelt. Is your experience similar? >>
Certainly in terms of condition. More Roosies available in higher grades. I suspect that since he was a popular president, the coin was more readily saved.
<< <i>(2) My experience is that the 50-centavo is quite a bit harder to find nice than either of the Pesos. Yes, yes, I know .... the mintage for the 50 centavo (20,000) is double the mintage for the pesos. But they just don't seem to come nicely. And I'll often two-coin sets for sale, but rarely see the 50 centavo or a three coin set. What's your experience on the 50 centavo. >>
Yep, right again. I'm sure the minor wasn't nearly as popular as the two crowns. Also has Murphy on it rather than Roosevelt. I haven't been able to find higher than 64, and even that is a toned piece. I see quite a few 3-coin sets, but as you've said, the 50c just isn't as nice. I also bet it was more widely circulated (i.e. used in daily commerce) as compared to the Pesos
See you back in the badlands soon!
I found the 50 centavos harder to find, and the one I kept for my collection is no better than MS63. It wasn't terribly expensive, though.
Obscurum per obscurius