Hobbies and Collection: 2011

These are one silver peso coins when the Philippine Islands became a US Commonwealth, and the arms of the Commonwealth were adopted. This seal is composed of a much smaller eagle with its wings pointed up, perched over a shield with peaked corners, above a scroll reading "Commonwealth of the Philippines". It is a much busier pattern, and widely considered less attractive.

These coins were minted at Philadelphia, San Francisco, Denver, and (after it was opened in 1920) Manila mints. Most of the Manila mintages occurred after 1925. They have S, D, and M mint marks. Several proof sets were made for collectors, from 1903 to 1908. These were unpopular at the time, and many were later broken up and released into circulation. Some coins were minted in extremely small numbers (as few as 500 pieces occurred in 1905, 1906, & 1908). Also, many were lost when the defenders of Corregidor threw them into the ocean, rather than surrender the Philippine national treasury to the Japanese. Only about 80% were ever recovered, and many of those were badly corroded. However the rarest coins are the 1906-s peso with as few as 250 coins in existence; but the rarest is the 1910-s Ten Centavaos with the only known coin which was on display at the Manila mint, being lost due to the bombing of Manila in 1945 as that the mint building was completely destroyed.
1 Peso Silver Coin

1904 S

1905S

1907S

1908S

1909S

1910S

1912S

Year Mintage

1903 2,558 Proof

1903 2,791,000

1903S 11,361,000 with mintamark

1904 1,355 Proof

1904 11,000 rare

1904S 6,600,000 with mintmark

1905 471 Proof Only

1905S 6,056,000 with mintmark, curved serif on "1"

1905S with mintmark, straight serif on "1"

1906 500 Proof Only

1906S 201,000 with Mint mark; ultra rare (counterfeits common)
1907 2 Proof only; without mintmark

1907S 10,276,000

1908 500 Proof only; witout mintmark

1908S 20,955,000

1909S 7,578,000

1910S 3,154,000

1911S 463,000 rare

1912S 680,000 rare

'Victory' series

The 'Victory' note series was printed in 1944, to be used upon the return of MacArthur. When he came ashore in Leyte on Oct. 20th, 1944, he was purportedly carrying some of these in his pocket. They definately brought many crates full of these notes with them during this landing.
According to a BEP report the number 66 (for the series) was chosen because that was President Quezons age when he died just prior to the liberation of the Philippines.
VICTORY notes were printed at the U.S. BUREAU of Engraving and Printing- the last Philippine currency printed by the US. Replacement notes are indicated by a star prefix to the serial number. There are also signature combinations which are harder to find. The signature combinations are as follows:

S. Osmena and J Hernandez (w/ title of Auditor General) [most common except for 500P]
S. Osmena and M. Guevara (w/ title of Treasurer) [100 & 500 only - rare]
M. Roxas and M. Guevara (not found on 1, 5 or 10 - rarest on others]

Denomination & Description	Signature	Delivered
1 peso, Mabini	S. Osmena, J.Hernandez	61,192,000
2 pesos, Rizal	S. Osmena,J.Hernandez	16,231,272
5 pesos, McKinley & Dewey	S. Osmena, J.Hernandez	17,355,000
10 pesos, Washington	S. Osmena, J.Hernandez	16,825,600
20 pesos, Mt Mayon	S. Osmena, J.Hernandez	12,439,635
20 pesos, Mt Mayon	Manuel Roxas, M.Guevara	1,063,765
50 pesos, Gen Lawton	S. Osmena, J.Hernandez	1,884,686
50 pesos, Gen Lawton	Manuel Roxas, M.Guevara	456,414
100 pesos, Magellan	S. Osmena, J.Hernandez	487,335
100 pesos, Magellan	S. Osmena, M. Guevara	363,266
100 pesos, Magellan	Manuel Roxas, M.Guevara	404,799
500 pesos, Legaspi	S. Osmena, J.Hernandez	12,991
500 pesos, Legaspi	S. Osmena, M. Guevara	130,725
500 pesos, Legaspi	Manuel Roxas, M.Guevara	163,284

These currency notes were for use only in the Philippines, and were obligations of the Philippine Treasury. The 500 Peso Philippine Victory Notes were demonetized by the Philippine government on December 31, 1957, and were withdrawn from circulation. At that point, other denominations of the Philippine Victory Notes, Victory Series 66, were no longer regarded as legal tender but could be exchanged or replaced at par, without charge, for legal currency until July 30, 1967. After that date, Series 66 was considered demonetized.

Special 'Victory' series issues

One Peso

Signed by: S. Osmena, J.Hernandez

Thick Over Print

Medium Over Print

Thin Over Print

Thick, Medium and Thin Series CBP Over Print

Obverse: portrait of Apolinario Mabini, seal of the Philippine-American Commonwealth with overprint: "Manila, Philippines"
Reverse: "One Philippine Peso" with "VICTORY Central Bank Of The Philippines" overprint

Text
By authority of an act of the Philippine Legislature. Approved by the President of the United States June 13, 1922. This certifies that there has been deposited in the treasury of the Philippines One Peso payable to the bearer on demand; in silver pesos or in legal tender currency of the United States of equivalent value." Victory series no. 66, Treasury Certificate

Two Pesos