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<p>[QUOTE=&quot;jhinton, post: 1535502, member: 24410&quot;]The 1947-S Peso ( Mintage 100,000) and fifty Centavo ( Mintage 200,000) Were the first coins struck for the newly independent republic of the Philippines. General MacArthur was (and still is I hear) a hero to the philippine people for his part in defending and later liberating the islands from the Japanese. (My mitages might not be correct as I do not have my book with me, but I am fairly certain they are.)</p><p><br /></p><p>While these coins are not in the 1903-1945 time frame that I collect, they are usually included in the set due to the nature. They are commemorative coins, and no doubt many sets were put together and sold, but I do not recall how they were initially distributed. The only book that I know of that covers these coins is &quot;Coins, Medals and Tokens of the Philippines 1728-1974&quot; by Aldo P. Basso. I have a copy but not with me. If I can remember, I will update this thread when I return to the states with any additional information from the book.</p><p><br /></p><p>If I recall, you are putting a set of commemoratives together and I am assuming that is why you asked about this coin. If you want your set to be complete, you should also include the 1936-M commemorative coinage. To my knowledge they are the only commemorative coins minted outside of the continental United States. The set contains two pesos and one fifty centavo, all of .900 silver.</p><p><br /></p><p>1936-M Murphy-Quezon Fifty Centavo, Mintage 20,000</p><p>1936-M Roosevelt-Quezon Peso, Mintage 10,000</p><p>1936-M Murphy-Quezon Peso, Mintage 10,000</p><p><br /></p><p>Manuel Quezon <a href="http://en.wikipedia.org/wiki/Manuel_L._Quezon" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Manuel_L._Quezon" rel="nofollow">http://en.wikipedia.org/wiki/Manuel_L._Quezon</a>&nbsp; was the commonwealth president at the time, Franklin Roosevelt was the president of the united states and Frank Murphy <a href="http://en.wikipedia.org/wiki/Frank_Murphy" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Frank_Murphy" rel="nofollow">http://en.wikipedia.org/wiki/Frank_Murphy</a> was the U.S. governor General and high commissioner.</p><p><br /></p><p>These coins were sold in sets for the small price of $3.13 each but sold poorly. Most of the mintage was later dumped in the Manila bay in an attempt to keep the silver out of the hands of the Japanese. MS graded coins can be quite expensive but sea salvaged ones are readily available, though usually not worth collecting.</p><p><br /></p><p><br /></p><p>Also: The MacArthur coins are normally poorly struck. If you find a well struck example, buy it! You will more than likely never find another. Toned examples are not uncommon as the coins were often packaged into little plastic displays with cardboard holders. However, attractive toning is another story; I have seen few that I would consider attractively toned. Most have a heavy black toning or they are blast white (due to someone removing the ugly black toning). You can find these sets on Ebay quite frequently.[/QUOTE]</p><p><br /></p>

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