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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 Description
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 Information
GSID:
25937
Designer:
Melico Figueroa
Fineness:
0.75
Weight (gr):
4 gr
Weight (oz):
0.14 oz
Precious Metal Weight:
0.0964 oz
Strike Type:
Business
Diameter:
20
Coin Shape:
Round
Edge:
Reeded
Variety:
U.S. Philippines, Mule
Variety 2:
Allen-11.18, FS-901
Coin Date:
1928-M
Denomination:
20c
Designation:
MS
Mint Location:
Manila
Mint Mark:
M
Mintage:
100,000
Coinage Type:
U.S. Philippines Coinage
Coinage Years:
1907-1929
Composition:
Silver
PCGS #:
90316
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Coin Value History
1928-M 20c U.S. Philippines, Mule, Allen-11.18, FS-901 MS
Value By Grade
1928-M 20c U.S. Philippines, Mule, Allen-11.18, FS-901 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS66 | - | $8,750 | $1,234 |
| MS65 | - | $5,500 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
1928-M 20C Philippines 20 Centavos, Allen-11.18, Muled With 5C Reverse AU58 NGC. NGC Census: (8/17)....
$432
1928-M 20C Philippines 20 Centavos Mule, KM-174, Allen-11.18, MS65 PCGS....
$4,560
1928/7-M 20C Philippines 20 Centavos Mule, Allen-11.18, MS64 PCGS. ...
$2,160
1928-M Philippines 20 Centavos Mule, KM-174, Allen-11.18, MS66 PCGS. ...
$10,200
1928/7-M 20C Philippines 20 Centavos Mule, Allen-11.18, MS65 PCGS. PCGS Population: (7/3). NGC Census: (3/0). CDN: $5,000 W...
$6,000
1928-M 20C Philippines 20 Centavos Mule, KM-174, Allen-11.18, MS66 PCGS. ...
$7,800
1928-M 20C Philippines 20 Centavos Mule, Allen-11.18, MS65 PCGS. ...
$5,280
1928-M 20C Philippines 20 Centavos Mule, KM-174, Allen-11.18, MS65 PCGS. ...
$6,000
U.S. Philippines 20c 1903-1905 MS [Type]
Worth: $14 – $1,250
1903 20c U.S. Philippines MS
Worth: $15 – $850
1903-S 20c U.S. Philippines MS
Worth: $40 – $8,250
1904 20c U.S. Philippines MS
Worth: $15 – $1,250
1904-S 20c U.S. Philippines MS
Worth: $10 – $1,000
1905-S 20c U.S. Philippines MS
Worth: $35 – $2,000
U.S. Philippines 20c 1907-1929 MS [Type]
Worth: $8 – $2,000
1907 20c U.S. Philippines MS
Worth: $20 – $3,000
1907-S 20c U.S. Philippines MS
Worth: $15 – $2,750
1908-S 20c U.S. Philippines MS
Worth: $15 – $2,000
1909-S 20c U.S. Philippines MS
Worth: $10 – $5,200
1910-S 20c U.S. Philippines MS
Worth: $10 – $7,000
1911-S 20c U.S. Philippines MS
Worth: $40 – $3,600
1912-S 20c U.S. Philippines MS
Worth: $9 – $1,400
1913-S 20c U.S. Philippines MS
Worth: $10 – $1,500
Greysheet News
Prominent Collector Dell Loy Hansen Submitting His Historical Collection Of U.S. Coins To CAC Grading
8/8/2024
American Numismatic Association's Largest Coin Show, August 6-10 In Chicago
Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
7/25/2024
United States Mint Unveils Designs For The 2025 United States Marine Corps 250th Anniversary Commemorative Coin Program
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.
7/23/2024
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