1 Peso (Small type) 1907-1912 front 1 Peso (Small type) 1907-1912 back
1 Peso (Small type) 1907-1912 photo
© Heritage Auctions

1 Peso Small type

 
Silver (.800) (Copper .200) 20 g 35 mm
Description
Issuer
Philippines
Period
Insular Government (1901-1935)
Type
Standard circulation coin
Years
1907-1912
Value
1 Peso
Currency
Peso (1857-1967)
Composition
Silver (.800) (Copper .200)
Weight
20 g
Diameter
35 mm
Shape
Round
Technique
Milled
Orientation
Coin alignment ↑↓
Demonetized
Yes
Updated
2024-10-07
References
Numista
N#4634
Rarity index
11%

Reverse

Eagle with spread wings above shield.

Script: Latin

Lettering:
UNITED STATES OF AMERICA
· 1908 ·

Designers: Melicio Figueroa, Charles Barber

Edge

Reeded

Comment

Sea Salvaged US-Philippine Peso Coins

 

Coin design in both sides is similar to that of 1903 - 1906 Philippine Peso. Only difference is in the amount of silver content, weight and diameter of the coin.

 

In 1942, over 16 million Pesos in silver were thrown into the sea near Corregidor to avoid being captured by the invading Japanese forces. Majority of those thrown where dated 1907 to 1912 Peso (small type).

 

Since the war, over 10 million Pesos have been salvaged but are typically corroded due to being in saltwater for a long time. As of 2007,  an estimated 3.5 million still remains under seawater. It is therefore typical to see listings in ebay anywhere online about “sea salvaged” US-Philippine One Peso coin and might be even underweight.

 

See https://warfarehistorynetwork.com/article/silver-salvage-in-caballo-bay-japans-sabotaged-treasure-hunt/  and https://coins.www.collectors-society.com/wcm/CoinView.aspx?sc=327782 

Interesting fact

The 1 Peso (Small type) coin from the Philippines, minted between 1907 and 1912, features a unique design element - a stylized representation of the Philippine islands on the reverse side, surrounded by the coin's denomination and the words "Filipinas" and "Isla de Luzon." This design was meant to symbolize the country's rich cultural heritage and geographical identity.

Price

Date Mintage VG F VF XF AU UNC
1907  2 - - - - - -
1907 S 10218000 - - - - - -
1908  501 - - - - - -
1908 S 20954944 - - - - - -
1909 S 7578000 - - - - - -
1910 S 3153559 - - - - - -
1911 S 463000 - - - - - -
1912 S 680000 - - - - - -

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1 Peso (Small type) 1907-1912 coin.