This is a highly collectible U.S. Territorial Philippine Twenty Centavos MULE silver coin dated 1928-M.
This type was struck for the Philippines 1907-29. In 1907, the denomination was reduced in weight to 4 grams (KM 170) and a substantial number issued 1907-21 with a final issue from the Manila mint in 1928-29. This issue is called a mule as the reverse die from the five centavos was used instead of the proper twenty centavos reverse. A mule is a coin which carries the design intended for another coin. In the U.S.-Philippine Series, the only other instance of mule coinage is the 1918 5-centavo coin wherein the obverse die containing the date and the shield and eagle design was inadvertently replaced with the obverse die of the 20-centavo coin of the same year.
Design
The obverse was designed by Melecio Figueroa and features a young Filipina in a flowing dress standing while striking an anvil with a hammer held in her right hand, her left arm is half raised and she holds an olive branch in her hand. In the background is the Mayon volcano with a billowing smoke coming from the crater. On the upper periphery of the coin is the denomination “TWENTY CENTAVOS” and on the lower periphery is the word “FILIPINAS”.
The reverse design features an eagle perched atop a shield. On the outer periphery are the words “UNITED STATES OF AMERICA” and the year of issue. To the left of the year may be a mint mark “M” Manila or “S” San Francisco. Coin with no mint marks (as with this coin) were minted at the Philadelphia Mint.
Varieties
Variety 2: 1907-1929 – Silver Weight 0.0964 ounces
CONDITION:
Light even wear with nice details.
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