Okay got this off of the bay last week. Many will cringe because it's jewelry but it's gold and it's rare and I'm too old to care! I already had one, the slabbed one I bought years ago but I always wanted another, these are selling right now for $500 to $600 and it's less than 2 grams of gold, here it is!
Whenever I see these old pesos, I am reminded of the story of how a large amount of older silver Filipino coinage was dumped into the ocean when MacArthur left and then retrieved after the war, hence explaining the awful condition of many of these pieces.
Yes, rather than leaving the Silver Pesos to the Japanese, they threw them into the ocean. By the way, do you by any chance know who the woman on the obverse is supposed to represent? She reminds me of Manifest Destiny.
The figure of a woman, often referred to as "Lady Liberty" or "Liberty", is featured on older Philippine peso coins, specifically the 10, 20, 50 centavo, and 1 peso coins. This female figure, depicted striking an anvil with a hammer, was meant to symbolize the work being done by Americans in building a better Philippines. The design of the woman's figure was inspired by the daughter of the designer, Blanca, according to some accounts, said Collectors Society.