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1928-M 20c Mule, Allen-11.18, FS-901 MS

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1928-M 20c Mule, Allen-11.18, FS-901 MS

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Greysheet Catalog Details (GSID: 25937)
The reverse features the smaller eagle/shield and larger date typical of the five-centavo piece, rather than the normal twenty-centavo reverse. In 1907 the diameters of Philippine silver coins were reduced to decrease bullion costs. The twenty-centavo piece went from 23 mm to 20 mm, making its diameter very close to that of the five-centavo (20.5 mm). In 1928 the Manila Mint had no reverse dies for normal twenty-centavo pieces, and a reverse die for the five-centavo was put into service. This created a “mule,” as a combination of mismatched dies is known. 100,000 of the coins were minted from this single die pair. They’re valuable not necessarily because of the muling, but because of their low mintage and high collector demand.
Reverse: An eagle is portrayed in the center atop an American shield with 13 stars. UNITED STATES OF AMERICA is written around the periphery with the date at the bottom.

Catalog Details    Dealers Only

Catalog Detail

GSID: 25937
Coin Date: 1928-M
Denomination: 20c / 20 Centavos
Designation: MS
Mint Mark: M
Mint Location: Manila
Mintage: 100,000
Coinage Type: USPI 20 centavos
Coinage Years: 1907-1929
Composition: 75% silver
Variety: Mule
Variety 2: Allen-11.18, FS-901
Strike Type: Business
Diameter: Subscribe
Fineness: Subscribe
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