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Replies: 10 / Views: 3,239 |
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Pillar of the Community
United States
4883 Posts |
As the first coinage of the newly independent Philippines, I suppose technically these are foreign issues, but they were produced at the San Francisco Mint in 90% silver. Furthermore, they were designed by Laura Gardin Fraser, wife of James Earle Fraser ( Buffalo nickel), her efforts compromised by the terribly weak, low relief strikes (I've never heard or read an explanation for why this was the case). It's interesting to note that the 50 Centavos is not simply a scaled down version of the 1 Peso - the protrait of MacArthur on the smaller coin is subtly rotated so that strictly speaking it's not really a profile anymore, to a very pleasing effect. James and Laura Fraser were also jointly responsible for the Oregon Trail Memorial half dollar, one of the most beautiful of all United States coins.  *** Moved by Staff to a more appropriate forum. ***Colligo ergo sum
Edited by Lucky Cuss 08/22/2014 08:14 am
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Moderator
 United States
187702 Posts |
Very nice! 
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Pillar of the Community
United States
1476 Posts |
I LIKE, I LIKE!! I Want, I want! 
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CCF Master Historian of USA Commemoratives
 United States
12256 Posts |
I've always liked these Philippines commemorative pieces - thanks for sharing. In addition to my focus on US commemoratives, I also collect the coinage struck for the Philippines while either a Territory or Commonwealth of the US. I extend my set to include these first releases by the newly-independent Philippines Republic due to their strong US history tie-in. I also include these in my "US Commemoratives by Countries Other Than the US" collection.  I agree that there is little definitive information published regarding why the coins were so weakly struck, but I have a theory. It is based on when the coins were struck by the San Francisco Mint. Laura Gardin Fraser worked on the designs for the coins through much of 1947. It was relatively late in the year before they were finalized and it was not until December 1947 that the SF Mint struck the coins. I've seen images of the plaster models LGF prepared for the coins and can say that they feature much more detail and depth vs. the coins that were produced. It appears certain that the relief of the models was decreased during the process that reduced the models and created the dies. December 1947 was a busy month for the SF Mint. It struck 9.8 million Roosevelt dimes during the month (28% of its total 1947 output of dimes) along with 1.4 million Washington quarters (nearly 26% of the branch's 1947 total for the coin). It also struck roughly 100,000 Booker T. Washington commemorative half dollars in December. My belief is that this high demand for circulating coinage volume caused the SF Mint to make compromises regarding the MacArthur commemorative coins. I believe it was decided to reduce the striking pressure used to produce the coins to extend die life, minimize handling time and complete the Philippines' order as quickly as possible. Coupled with the low-relief dies, the weak striking pressure used during production created coins that do not live up to their potential. (At least IMO.) LGF can't be blamed for the final product, however, as she created well-executed, attractive designs that would have made excellent coins had time allowed for more proper handling of the Philippines Republic's first coins. You might find this previous post of mine of interest: https://goccf.com/t/137631
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Moderator
 United States
15394 Posts |
Nice examples of these historical coins ... Thanks for sharing them.  Quote:James and Laura Fraser were also jointly responsible for the Oregon Trail Memorial half dollar, one of the most beautiful of all United States coins. Fully concur with your assessment of the aesthetic appeal of the Oregon Trail half dollar ... perhaps IMHO a candidate for the most intriguing USA coin design. To complete the record ... Laura Gardin Fraser designs hold a special place in the hearts of silver commemorative fans ... she is responsible for four of the coins we enjoy .. 1921 Alabama Half 1922 Grant Half 1925 Fort Vancouver Half 1926-1939 Oregon Trail Half with her husband James Returning the thread to your lovely coins ... enough of my respect for Laura Gardin Fraser. David
Take a look at my other hobby ... http://www.jk-dk.art
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Pillar of the Community
 United States
1949 Posts |
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CCF Master Historian of USA Commemoratives
 United States
12256 Posts |
That ebay lot is priced beyond reason. While high-grade examples of these coins are definitely tough to locate and do generally carry a premium price (vs. the coins typically found), they have not yet reached the point where their realistic value is anywhere near $2,750 for the pair. (I speak from experience.)
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
 United States
12813 Posts |
Thanks for sharing! Great coins, great history.
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Pillar of the Community
 United States
4883 Posts |
Quote:That ebay lot is priced beyond reason. While high-grade examples of these coins are definitely tough to locate and do generally carry a premium price (vs. the coins typically found), they have not yet reached the point where their realistic value is anywhere near $2,750 for the pair. They sold today, though, via a best offer. I'm feeling pretty good for having picked this pair up for just pennies above melt. Does anyone know who marketed these in this packaging (the cardboard insert was placed in a protective plasic snap open case)?
Colligo ergo sum
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Pillar of the Community
 United States
4883 Posts |
I recently picked up some additional examples of these, and this particular peso is especially instructive, I think. There are die polish lines in the fields on both sides (and before anyone says "scratches" or "hairlines" let me remark that while there is a gouge extending through MacArthur's cap, the striae I'm referring to and have provided photos of are raised and do not encroach upon the devices, so I'm confident I'm interpreting them correctly). This would suggest an early die state, which leads to the conclusion that the strike ought to be about as good as it gets. And in some respects this is so; note that the "scrambled eggs" on the visor of MacArthur's cap are pretty well defined, which is not always the case. However, other aspects nevertheless remain deficient, such as the upper left part of the star at the top of the shield, as well as the right side rays of the sun. And in comparing this with other specimens, what I observe is that the strikes are pretty inconsistent, exhibiting weakness or strength in varying areas. I have a gut feeling that the San Francisco mint didn't assign their best or most experienced personnel to the preparation of the dies for this issue, compounding the limitations already imposed by the low relief.    
Colligo ergo sum
Edited by Lucky Cuss 07/22/2015 2:56 pm
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Valued Member
United States
361 Posts |
MacArthur is one of my all time favorite historical figures. These are awesome looking coins. Thanks for sharing, now I'll have to be on the lookout for some too.
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Replies: 10 / Views: 3,239 |
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