USPI-1905 Proof
Private
Updated:
7/24/2020
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1905 Proof Coinage for the insular area of the Philippine Islands.
Mintage: 471. As in 1903 and 1904, these sets were also struck on order to satisfy collector demand. Obviously the novelty had worn off, and collector interest had declined so significantly that only 471 sets were ordered. By the end of 1905, all sets produced had been acquired by collectors and none remained for future purchase from the mint. Only the One Centavo coin was also produced as a business strike by the Philadelphia mint. All other coins in this set are proof only issues, making them the rarest in the entire series (excluding varieties).
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-1905 Proof
By coin928
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