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Proof 68 1906 Philippines 50 Centavos
May 29, 2009

Amongst a little run of 25 coin lots from the Philippines in tonight's Heritage World Coin Auction are 19 scarce and desireable U.S. Administration proof issues. Many of these are very low mintage strikes, so careful numismatic students of Philippines coinage are sure to be watching and waiting to win a few items for their collections.

One of the standouts from this grouping is a gorgeous 1906 50 Centavos which has been graded PR-68 by NGC. This date had a mintage of just 500 pieces, which is not the lowest for Philippines coins of this era, but the grade is surely one of the highest, making this coin a real prize. Statring bid was $4,000 and as of this posting the website bid on Heritage was at $4,250. Expect it to climb a bit higher before finding it's new home.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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