Philippines 1865 10 centimos
This specimen was lot 1434 in Stacks-Bowers NYINC sale (New York, January 2015), where it sold for $2,350. The catalog description[1] noted, "PHILIPPINES. 10 Centimos, 1865. PCGS MS-63. Second year of decimal coinage, and one of only 82,000 pieces struck. Attractive toning in deep blue, orange, gold, and silver hues. Well struck and not a common coin in mint state. PCGS has only graded five examples of the date, two grading MS-63 and only a single MS-64 finer." This coin is one of a series minted by the Spanish authorities in Manila in an attempt to drive out foreign coin (mostly Mexican) circulating there. There are also silver twenty and fifty centimos and gold one, two and four pesos, all with the portrait of Queen Isabella.
The Philippines were conquered by Spain in the late 1500's. Other than introducing Christianity, the colonizers made little effort to develop the islands which gradually fell into the hands of the friars. Manila was important only as a way station on the route from China to Mexico and whatever coins were used there were derived therefrom. Crude, locally produced copper coins were issued c.1798-1835 and in the 1830's large quantities of Latin American pesos were counterstamped "F.7" or "Y.II" for local circulation. Finally, about 1860, a reforming government in Madrid sent the resources to reorganize the Manila mint and modern coinage began. After the Americans seized the archipelago during the Spanish-American war, all the Spanish issues were demonetized in 1904. This type was struck 1864-68 (plus the restrikes dated 1868) but only the 1868 is common.
Recorded mintage: 81,557.
Specification: 2.59 g, 0.900 fine silver, .075 troy oz ASW, 19 mm diameter.
Catalog reference: Cayón-16950, KM-145.
- Basso, Aldo P., Coins, Medals and Tokens of the Philippines, Menlo Park, CA: 1968.
- Ganzon de Legarda, Angelita, Piloncitos to Pesos, A Brief History of Coinage in the Philippines, Manila: Bancom Development Corporation, 1976.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
- Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
- O'Connor, Patrick, The Coins of Queen Isabel II of Spain: A Detailed Study of the Coins, Patterns and Medals of Her Reign, San Antonio, TX: Aurora Rarities, LLC, 2017.
- [1]Ponterio, Richard, The January 2015 NYINC Auction: Ancient Coins, World Coins & Paper Money, Featuring the John W. Adams and Ray Czabor Collections, Irvine, CA: Stack's Bowers LLC, 2014.
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