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 1936 M USA-FILIPINAS PESO

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al.plata

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PostSubject: 1936 M USA-FILIPINAS PESO   Wed Dec 15, 2010 9:21 pm

I just got hold of a copy of the Krausse Coin Catalog. What surprised me most was the 1936 M (Roosevelt-Quezon) and 1936 M (Murphy-Quezon) Peso Coins, it was indicated that it was 900 fine. All along I thought that it was only 700 fine, as indicated on this website. Can anybody confirm or clarify on this? thank you very much.
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PostSubject: Re: 1936 M USA-FILIPINAS PESO   Thu Dec 16, 2010 1:05 am

al.plata wrote:
I just got hold of a copy of the Krausse Coin Catalog. What surprised me most was the 1936 M (Roosevelt-Quezon) and 1936 M (Murphy-Quezon) Peso Coins, it was indicated that it was 900 fine. All along I thought that it was only 700 fine, as indicated on this website. Can anybody confirm or clarify on this? thank you very much.

estimates vary over time depending on various factors such as supply demand and market prices of silver and gold. EG in 2001 it was $4 to an ounce of silver not it's nearly 30. it way go down or up. point it the price at catalogs are never fixed. they change over time and they are only estimates. guidelines. the true market value is out there literally at the market place were people sell and buy coins. nothing is fixed so be too worried with the accuracy of estimates.
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PostSubject: 1936 M USA-FILIPINAS PESO   Thu Dec 16, 2010 7:50 am

Yes, the estimated coin worth varies over time, demand for the coin and coin silver value. However, what I am confused at is the fact that Krausse Catalog indicated that it has 0.5787 ounce of silver (ASW) and comparing it with the known total weight of 20.0 grams for this coin, the silver weight is 18.0 grams, thus it is with 900 fineness, not 700. Thanks..
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PostSubject: Re: 1936 M USA-FILIPINAS PESO   Thu Dec 16, 2010 12:08 pm

al.plata wrote:
Yes, the estimated coin worth varies over time, demand for the coin and coin silver value. However, what I am confused at is the fact that Krausse Catalog indicated that it has 0.5787 ounce of silver (ASW) and comparing it with the known total weight of 20.0 grams for this coin, the silver weight is 18.0 grams, thus it is with 900 fineness, not 700. Thanks..

ahh when you said fine i thought you were referring to the grade and the price. Yes as far as i know it's .900 silver. havent encountered a philippine coin from that era thats .7 silver. it's either .9 or .75. might have been a typographical error on the website.
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PostSubject: Re: 1936 M USA-FILIPINAS PESO   Mon Dec 27, 2010 7:50 am

Its .750 fine because the U.S. standardized fineness during the Depression era (1929-1933) to all US coins as the demand for precious metal rose during that time. It was part of the Pitman Act where the US reclaimed, melted, and re-coined previously minted coins to produced new coins of lesser fineness.
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