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Why Is This Coin's Value So Volatile? 1947-S US Philippines Peso Macarthur?

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newguy22's Avatar
United States
277 Posts
 Posted 05/10/2020  5:28 pm Show Profile   Bookmark this topic Add newguy22 to your friends list Get a Link to this Message Number of Subscribers
I was going through PCGS's auction records on a few coins I saw up for sale on GreatCollections. One coin for sale today was a 1947-S US Philippines Peso graded by PCGS MS-66. Gorgeous coin with the opening bid being $145.

https://www.greatcollections.com/Co...-MS-66-Toned

Was going through the PCGS auction records of the coin, and the same coin with the same grade sold for over $2,000 in 2013. In fact, going through all the auction records, albeit there aren't a lot of them, the value of the coin seems to be going all over the place.

https://www.PCGS.com/auctionprices/...ur-ms/555512

Just wanted to get some opinions from some more experienced collectors on why this would be. Is this coin undervalued?

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newguy22's Avatar
United States
277 Posts
 Posted 05/10/2020  5:30 pm  Show Profile   Bookmark this reply Add newguy22 to your friends list Get a Link to this Reply
My apologizes in advance if this coin does not count as a US classical coin. The coin was minted by the US and the Philippines at the time was a US colony, which is why I placed it in this forum.
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United States
97 Posts
 Posted 05/10/2020  5:52 pm  Show Profile   Bookmark this reply Add afewmorecents to your friends list Get a Link to this Reply
Easy, all coins within a particular MS grade are not alike. These coins come in Gem * condition so wait for a great one at a cheap price. I paid $45 for mine. Same goes for the smaller version.
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299 Posts
 Posted 05/12/2020  12:05 am  Show Profile   Bookmark this reply Add freddo30 to your friends list Get a Link to this Reply
If you get lucky or wait long enough you will find one with marvelous toning to boot. The often frosty luster of the surfaces is conducive to chemical influence ; many were kept in various cardboard holders.
Bedrock of the Community
Conder101's Avatar
United States
17884 Posts
 Posted 05/12/2020  11:50 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Looking over the PCGS auction prices tells me the prices AREN'T all over the place with just one exception.

First that 2013 sale at $2255 was for a MS-66 not a 65. You are probably looking at a grade rarity or top pop circumstance there

The rest of the listings range from MS-63 to 65+. The 63 to 65's range from $14 for the 63 and $41 -$48 for the 64 and 65's. The one outlyer is the MS-65 that sold in Feb 2018 for $408. I would tend to consider that to be a fluke price (possibly two bidders who thought it could get a 66 if resubmitted) and not an actual indicator of the market, especially with the Jan 202 sale of a 65+ only bringing $114.
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Gallienus's Avatar
United States
167 Posts
 Posted 05/14/2020  11:22 pm  Show Profile   Bookmark this reply Add Gallienus to your friends list Get a Link to this Reply
They make neat educational items. My son gave a report on MacArthur in 2nd or 3rd grade. I bought one (the Peso) in [I think in an NGC 65 slab] for around $50. He brought it in and showed it when he gave his report.
Edited by Gallienus
05/14/2020 11:23 pm
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