1 Peso (Large type) 1903-1906 front 1 Peso (Large type) 1903-1906 back
1 Peso (Large type) 1903-1906 photo
© Heritage Auctions

1 Peso Large type

 
Silver (.900) (Copper .100) 26.9563 g 38 mm
Description
Issuer
Philippines
Period
Insular Government (1901-1935)
Type
Standard circulation coin
Years
1903-1906
Value
1 Peso
Currency
Peso (1857-1967)
Composition
Silver (.900) (Copper .100)
Weight
26.9563 g
Diameter
38 mm
Thickness
2.4 mm
Shape
Round
Technique
Milled
Orientation
Coin alignment ↑↓
Demonetized
Yes
Updated
2024-10-07
References
Numista
N#4349
Rarity index
23%

Reverse

Eagle with spread wings above shield.

Script: Latin

Lettering:
UNITED STATES OF AMERICA
· 1905 ·

Designers: Melicio Figueroa, Charles Barber

Edge

Reeded

Comment

Why is the 1906-S Peso so rare and thus counterfeited?

 

At that time, all 1906-S Pesos became more expensive than face value due to rapidly rising price of silver.

These where melted and reduced in size, thus the smaller One Peso starting 1907. Known certified highest version is only at MS62.

 

See https://www.pcgs.com/coinfacts/coin/1906-s-peso/90386

Interesting fact

The 1 Peso (Large Type) coin from the Philippines, minted between 1903 and 1906, has an interesting feature. The coin's obverse side bears the image of King Alfonso XIII of Spain, who was the king at the time the coin was minted. This is notable because the Philippines was a Spanish colony at the time, and the inclusion of the king's image on the coin symbolizes the country's connection to Spain.

Price

Date Mintage VG F VF XF AU UNC
1903  2558 - - - - - -
1903 S 11361000 - - - - - -
1904  1365 - - - - - -
1904 S 6600000 - - - - - -
1905  475 - - - - - -
1905 S 6116000 - - - - - -
1906  501 - - - - - -
1906 S 201000 - - - - - -

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1 Peso (Large type) 1903-1906 coin.