USPI-1903 Proof
Private
Updated:
7/24/2020
Views: 980
1903 Proof Coinage for the insular area of the Philippine Islands.
Mintage: 2,558. These sets were struck on order to satisfy collector demand. All coins in this set were also produced as business strikes at the Philadelphia mint.
The seven coin Philippine proof sets were produced at the Philadelphia mint from 1903 through 1908 (excluding 1907), and were sold to the general public for $2.00 per set.
At the time these sets were produced, there was no protective packaging. Each coin was individually wrapped in tissue paper and placed in a plain paper coin envelope. As a result, many proof coins exhibit micro thin hairline scratches as well as heavy toning. When combined with very low mintages and low initial sales to the public, it's easy to see why fully gem proof coins are very rare.
References:
• "U.S./Philippine Coins" by Lyman L. Allen 7th Edition 2012 updated and edited by Tom Culhane, Union NJ, 2012
• "U.S./Philippine Coins" by Lyman L. Allen 6th Edition 2008-2009 published by Lyman Allen Rare Coins Virginia City, NV 2007
• "United States Territorial Coinage for the Philippine Islands" by Neil Shafer, Whitman Publishing Company Racine, Wisconsin, 1961
Rev 2/8/2013
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USPI-1903 Proof
By coin928
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