Philippines 1928-M 20 centavos
This type was struck for the Philippines 1907-29. In 1907, the denomination was reduced in weight to 4 grams (KM 170) and a substantial number issued 1907-21 with a final issue from the Manila mint in 1928-29. This issue is called a mule as the reverse die from the five centavos was used instead of the proper twenty centavos reverse. Indeed, the opposite error occurred in 1918 when some five centavos were struck in San Francisco using the twenty centavos reverse. The two designs are very similar. However, altho this date is the scarcest of all twenty centavos, it is not so rare as the 1918-S mule as all 100,000 were minted with this reverse. All were demonetized by the Philippine government in the late 1960's when the currency was reformed.
Recorded Mintage: 100,000.
Specifications: 4 g, 0.750 fine silver, .0965 troy oz ASW, reeded edge.
Catalog Reference: KM 174.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Ganzon de Legarda, Angelita, Piloncitos to Pesos, A Brief History of Coinage in the Philippines, Manila: Bancom Development Corporation, 1976.
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