The proof-only status of the 1905 Philippines peso, its low mintage, and dual-country nature contribute to the issue's popularity. Only 471 specimens were produced and sold in collector sets. The average grade of 62.3 suggests many pieces were mishandled. This near-Gem proof features brilliant centers with marginal golden-brown and steel-blue patina. Minor wispy marks occur over strongly struck surfaces. Population: 11 in 64 (2 in 64+), 19 finer (6/17). (NGC ID# 2CAJ, PCGS# 90404)
