The value of a 1908 Philippine peso coin depends on several factors, including its condition, mint mark (if any), and whether it’s a regular strike (business strike) or a proof strike.
Here’s a summary of the potential value ranges based on available information:
- Circulated 1908-S (San Francisco mint) One Peso: These are relatively common with a mintage of over 20 million.
– Melt value (based on 0.800 silver content): approximately $14.
– Circulated condition: $17 – $23.
– Graded (AU55): $170.
– Graded (MS62): $540.
- Proof 1908 One Peso (Philadelphia mint, no mint mark): These are much rarer, with a mintage of only 500.
– Proof condition:
– PR60: $900
– PR65: $7,150
– PR68: $45,000
- Mint Mark: The “S” mint mark indicates the coin was struck at the San Francisco Mint. Coins without a mint mark are proof strikes from the Philadelphia Mint and are significantly more valuable.
- Condition (Grade): The condition of the coin is crucial to its value. Terms like “circulated,” “XF” (extremely fine), “AU” (about uncirculated), and “MS” (mint state) denote increasing levels of preservation and generally correspond to higher values.
- Rarity: Proof coins from 1908 are considerably rarer and more valuable than business strikes.
- Professional Grading: For accurate valuation, especially for higher-grade coins, having the coin professionally graded by a reputable service (such as PCGS or NGC) is highly recommended.
Note: These are approximate values based on available data and market fluctuations can occur. It is always best to consult with a professional numismatist for precise valuations, especially for rare or high-grade specimens.
What is the rarest Philippine peso coin?
Good point! Among the rarest coins in the U.S. Philippines series from the collectors’ standpoint are the 1906-S One Peso, the 1916-S Five Centavos, the 1918-S Five Centavo Mule, the 1903-S Twenty Centavos (especially in Mint State) and the 1915-S One Centavo.
Why is the 1906 coin so expensive in the Philippines?
Great question! The 1906-S One Peso coin is one of the most valuable U.S.- Philippine silver coins due to its very low mintage —only 201,000 were struck. High-grade examples can sell for hundreds of thousands of pesos.