Philippines 1864 2 pesos

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Goldberg sale 106, lot 1858
Philippines G106-1858r.jpg

This specimen was lot 1858 in Goldberg sale 106 (Los Angeles, September 2018), where it sold for $408. The catalog description[1] noted, "Philippines. 2 Pesos, 1864/0. Isabel II. PCGS graded AU-53." This coin is the same weight and fineness as a Mexican one escudo.

The Philippines were conquered by Spain in the late 1500's. Other than introducing Christianity, the colonizers made little effort to develop the islands which gradually fell into the hands of the friars. Manila was important only as a way station on the route from China to Mexico and whatever coins were used there were derived therefrom. Crude, locally produced copper coins were issued c.1798-1835 and in the 1830's large quantities of Latin American pesos were counterstamped "F.7" or "Y.II" for local circulation. Finally, about 1860, a reforming government in Madrid sent the resources to reorganize the Manila mint and modern coinage began. These included gold one, two and four pesos (struck 1861-68). The 1864/3 and 1864/0 overdates are noted for the year.

Recorded mintage: 181,000 (a common date).

Specification: 3.38 g, .875 fine gold, .119 troy oz AGW (same weight as a Mexican one escudo).

Catalog reference: Cayón-17274, Fr-2; KM-143.


  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • Basso, Aldo P., Coins, Medals and Tokens of the Philippines, Menlo Park, CA: 1968.
  • Ganzon de Legarda, Angelita, Piloncitos to Pesos, A Brief History of Coinage in the Philippines, Manila: Bancom Development Corporation, 1976.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 106: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2018.

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