Philippines Twenty Centavos, Circulation Strikes (1903-1945)

This is a very interesting series containing the only intentional “error” of both countries – the 1927/8-M mule, made from a modified 1927 5 centavo die. Worth the equivalent of a U.S. dime at the time, the denomination was a carry over from the denomination used by the previous Spanish colonial government. Many dates have no gems known, and some varieties have a total population of less than 5, making this set one of the hardest to complete, more so in high grade.