1907-1912 1 Peso Filipino Silver Coin - USA Occupation Issue I Female National Personification And Volcano Motifs I Monetized By The Government Of Philippines

After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU). This unit was equivalent to exactly half the value of a U.S. dollar.[13] Its peg to gold was maintained until the gold content of the U.S. dollar was reduced in 1934. Its peg of ₱2 to the U.S. dollar was maintained until independence in 1946. The act provided for the coinage and issuance of Philippine silver pesos substantially of the weight and fineness as the Mexican peso, which should be of the value of 50 cents gold and redeemable in gold at the insular treasury, and which was intended to be the sole circulating medium among the people. The act also provided for the coinage of subsidiary and minor coins and for the issuance of silver certificates in denominations of not less than 2 nor more than 10 pesos (maximum denomination increased to 500 pesos from 1905). It also provided for the creation of a gold-standard fund to maintain the parity of the coins so authorized to be issued and authorized the insular government to issue temporary certificates of indebtedness bearing interest at a rate not to exceed 4 percent per annum, payable not more than one year from date of issue, to an amount which should not at any one time exceed 10 million dollars or 20 million pesos.

• Monetized By The Government Of Philippines
• Discover the historical significance of the 1 Peso coin issued by the Philippines between 1907 and 1912, a fascinating artifact from the period of the Insular Government under American administration. This coin, part of the 1907 series, reflects a unique blend of Filipino and American influences in its design and carries a rich historical narrative.
• The obverse of this coin features a powerful image of a standing woman holding a hammer and anvil, symbolizing industry and progress. Adjacent to this figure is a smoking volcano, representing the volcanic activity prominent in the Philippines. The design is framed with the inscriptions "ONE PESO" and "FILIPINAS," indicating both the denomination and the issuing country. Created by engravers Melicio Figueroa and Charles Barber, this side of the coin is a testament to the artistic collaboration that defined early 20th-century Philippine coinage.
• On the reverse side, the coin displays an eagle with outspread wings, positioned above a shield, symbolizing strength and authority. The inscriptions "UNITED STATES OF AMERICA" and "1908" are prominently featured, underscoring the coin’s connection to the United States during its administration of the Philippines. The reverse design, also the work of Figueroa and Barber, captures the period's symbolism and official imagery.
• Minted by the United States Mint of Philadelphia and San Francisco, the coin is composed of 80% silver and 20% copper, giving it a distinctive appearance and durability. It weighs 20 grams and has a diameter of 35 mm, with a reeded edge. The 1 Peso coin from this series is notable not only for its design but also for its historical context. During World War II, in 1942, over 16 million pesos in silver coins, including those from this series, were deliberately thrown into the sea near Corregidor to prevent them from being captured by Japanese forces. This dramatic event adds a layer of historical intrigue to the coin, making it a significant piece for collectors and historians alike.
• The 1 Peso coin from the 1907-1912 series is more than just a currency artifact; it is a reflection of a pivotal era in Philippine history, showcasing the artistic and symbolic elements that represent the era's cultural and political landscape.
• The coin will have more wear that the coin pictured.