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Message:: [QUOTE="sonlarson, post: 2667609, member: 15488"]During WWII the Philippines were attempting to keep the money in the National Treasury away from the Japanese. $20,000,000 in currency was burned and $2,000,000 in gold bars along with $360,000 in Silver bars were shipped to San Francisco. The remaining Silver coins were dumped into the Caballo Bay off Corregidor Island. The Japanese attempted to retrieve the Silver coins using Filipino and American prisoners. They were only able to get around 250,000 Pesos. In 1945, the U.S. Navy was able to retrieve another 5,380,000 Pesos. There are still coins in the Bay today. While trying to add to my U.S. Administration Philippines Type set I found a few of the sea-salvaged coins. I decide to add these to the collection for Two reasons. First they are difficult to find and very costly in high grades and I thought the history of the coins would add to the enjoyment. The 1936 Commemorative (Establishment of the Commonwealth) 50 Centavos has a mintage of 20,000 and is listed at $125 in uncirculated condition. It shows Frank Murphy, the Governor-General, and Manuel Quezon, the President of the Philippines. The Two 1936 Commemoratives each have a low mintage of 10,000 and list at $150. One shows Murphy and Quezon, the other shows Quezon with Franklin Roosevelt I spent less than $150 for all 3 coins combined. 1936 50 Centavos  Mintage 20,000  Murphy-QuezonSea Salvaged but looks like freshly minted [ATTACH=full]593225[/ATTACH] 1936 Peso Murphy-Quezon Mintage 10,000[ATTACH=full]593226[/ATTACH] 1936 Roosevelt-Quezon Mintage 10,000[ATTACH=full]593227[/ATTACH][/QUOTE]

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