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1909-S Philipines One Peso
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<p>[QUOTE="Publius2, post: 5195525, member: 105571"]I believe the story of the coin dump is absolutely true. According to my sources, immediately after the war, the US started retrieving the coins and salvaged all but 5 million of them. I believe there was a pretty good inventory of what went into the water, not by numismatic standards but by accounting standards. The "war effect" pesos are pretty well documented, but I know nothing about what an un-conserved coin would look like.</p><p><br /></p><p>I doubt the coins were packed in cosmoline since it was a pretty hurried effort in advance of the Japanese and why would they care about preservation? This was bullion silver coinage to them, not collectibles. Also, they were probably more concerned about denying them to the Japanese than to future retrieval.</p><p><br /></p><p>The coin I posted looks to have been the subject of a cleaning attempt.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 5195525, member: 105571"]I believe the story of the coin dump is absolutely true. According to my sources, immediately after the war, the US started retrieving the coins and salvaged all but 5 million of them. I believe there was a pretty good inventory of what went into the water, not by numismatic standards but by accounting standards. The "war effect" pesos are pretty well documented, but I know nothing about what an un-conserved coin would look like. I doubt the coins were packed in cosmoline since it was a pretty hurried effort in advance of the Japanese and why would they care about preservation? This was bullion silver coinage to them, not collectibles. Also, they were probably more concerned about denying them to the Japanese than to future retrieval. The coin I posted looks to have been the subject of a cleaning attempt.[/QUOTE]
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