Philippines 1, 2 and 4 Pesos 1861 to 1868

As you probably know, Chris, a filipino 4 pesos from 1867 is a super coin. The fact that yours is in a PCGS holder and graded XF-45 makes it even more super!

(Note: counterfeit PCGS holders are known to exist. Check out CoinForgeryEBay on flickr.)

Many of these coins are quite rare, and all carry good numismatic (coin collector) premiums over basic gold value. Be aware, however, that there are many re-strikes dated 1868, and these do not carry strong numismatic premiums because they are re-strikes. A re-strike is a genuine coin issued by a legal government, but back-dated. The catalogs report that 51 million 4 pesos coins were struck between 1869 and 1873, but all were dated 1868.

Our picture comes from an avid collector over at CoinCommunity.com, and we thank him for letting us use his photo. It's a nice coin!

As to value, we supply approximate guidance below in two parts. The first part is the basic gold value, sometimes called the melt value. Compute this value by looking up the current price of gold on web sites such as kitco.com, then multiply that value by the weight of gold in your coin:

1 PESO: 0.0476 troy ounces gold
2 PESOS: 0.095 troy ounces gold
4 PESOS: 0.190 troy ounces gold

For example, today the US dollar is slightly weak and gold is at $1275 per troy ounce. Tomorrow the price will be different, so be sure to look it up. The melt value of a 4 pesos is 0.19 x 1275 = $242.

To the melt value, add these numismatic premiums to come up with an approximate catalog value.

1 PESOS DATED 1861 TO 1865 and 1868:
worn: add $0 numismatic premium to melt value
well preserved: add $130
fully uncirculated: add $450

1 PESOS DATED 1866:
worn: add $0 numismatic premium to melt value
well preserved: add $550
fully uncirculated: add $1450

1 PESOS DATED 1867:
worn: add $50 numismatic premium to melt value
well preserved: add $650
fully uncirculated: add $4000

2 PESOS DATED 1861 to 1865 and 1868:
worn: add $0 numismatic premium to the melt value
well preserved: add $60
fully uncirculated: add $200

2 PESOS DATED 1866:
worn: add $300 numismatic premium to the melt value
well preserved: add $1000
fully uncirculated: add $2500

4 PESOS DATED 1861 to 1865 and 1868:
worn: add $0 numismatic premium to the melt value
well preserved: add $250
fully uncirculated: add $600

4 PESOS DATED 1866:
worn: add $350 numismatic premium to the melt value
well preserved: add $1200
fully uncirculated: add $3500

4 PESOS DATED 1867:
worn: add $1000 numismatic premium to the melt value
well preserved: add $3000
fully uncirculated: add $7500

Since Chris has the rare date 1867, and since his coin is guaranteed authentic by PCGS, and since it has an 'extremely fine' numismatic grade of XF45, he could probably sell his coin in the neighborhood of $3000 to $4000 US dollars. Nice!
cqLastNotify