Question on Philippines Peso

I saw this auction on eBay and I thought the surface looked really weird on this coin. Do you think it's a fake or is there a good reason for it to be like this?
http://www.ebay.com/itm/1936-Philip...8500244?pt=US_World_Coins&hash=item1c3896f014

 

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the date side looks so pitted . looks like a fake. could be real ?

 

looks like it took an acid bath... yikes cleaned to its death.

 

fake , I mean you could buy it and check it then do the ebay dispute thing

 

It's a saltwater recovery coin, most of these were dumped in Manilla Bay as the Japanese approached and then recovered after the war. The time spent in salt water is the reason for the damage that you see.

 

yup.
Good answer.

 

Thanks for the explanation.

 

Here is a link describing the situation that resulted in these salty coins:

http://voices.yahoo.com/millions-silver-coins-dumped-manila-bay-keep-516141.html

The Philippine coins were dumped in Manila Bay around April 1942.

 

It is a fake. Alas!

 

Just curious on everyone who is saying this coin is a fake, exactly how are you making that determination? Simply because it looks off or are you seeing some obvious sign of it being a fake? I'd like to know because I've recently been focusing my collecting efforts specifically on U.S. era Philippine coinage and have been studying and reading the books by Allen, Basso and Shafer. Based on what I've learned so far I would buy this coin as a genuine example of a recovered 1936 Roosevelt/Quezon Peso. To me the coin looks correct with no issues besides the obvious saltwater damage and heavy cleaning that its been subjected too. But by all means if there's something I'm missing I'd certainly like to learn what it is, thanks.

 

Thanks for the info. Very interesting.

 

I was stationed at Clark AB in the Philippines 1982 to 1984. Collected a bunch of US / Philippine coinage including quite a few of the salvage coins. I have the two blue and yellow books very close to complete and a bunch of extra coins. I also have some WWII Guerilla paper money. If anyone is interested and lives close enough to Fort Walton Beach, FL I would like to meet and sell the whole collection at one time. Send PM for details. Edit - No contact information in the open forum please.

 

You are correct , it is a recovery coin and genuine. The lower mintages are the only thing keeping most of these guys out of the refiners pot when they are corroded that bad.

 

I have these 3

 

I do have 2 of these this is the most wore one tho