Coins With Hidden Value

The US Philippines 1906 Peso – $40,000 or more

filipina-peso

pcgs.com

This stunning and scarce coin is coveted on both sides of the Pacific. Initially, the U.S. Philippines 1906 Peso had an exchange rate of two Philippine Pesos to one U.S. dollar. Made of silver, this unique coin quickly exceeded its face value. Like so many silver coins of its time, it was melted down and almost forgotten.

Often called “the King of Philippine Pesos” today, it’s believed there are only 250 or so still in existence. Finding this dual national coin, especially in mint condition, is almost unheard of. This is probably why some of the best-preserved Philippine pesos from 1906-1908 have been valued between $20,000 and $40,000.

Written by Camille Moore

Camille has a master's degree from Saint Joseph University's Writing Studies program, and she currently works as the Writing Center Assistant Director at a small university in western Pennsylvania. Camille's writing has been published on several websites, and she enjoys writing articles and short stories in her spare time. You can follow Camille on Twitter @CamealAshley.