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Philippines 1, 2 and 4 Pesos 1861 to 1868

As you probably know, Chris, a filipino 4 pesos from 1867 is a super


coin. The fact that yours is in a PCGS holder and graded XF-45 makes
it even more super! 

(Note: counterfeit PCGS holders are known to exist. Check


outCoinForgeryEBay on flickr.) 

Many of these coins are quite rare, and all carry good numismatic
(coin collector) premiums over basic gold value. Be aware, however,
that there are many re-strikes dated 1868, and these do not carry
strong numismatic premiums because they are re-strikes. A re-strike is
a genuine coin issued by a legal government, but back-dated. The
catalogs report that 51 million 4 pesos coins were struck between 1869
and 1873, but all were dated 1868. 

Our picture comes from an avid collector over


at CoinCommunity.com, and we thank him for letting us use his
photo. It's a nice coin! 

As to value, we supply approximate guidance below in two parts. The


first part is the basic gold value, sometimes called the melt value.
Compute this value by looking up the current price of gold on web
sites such as kitco.com, then multiply that value by the weight of gold
in your coin: 

1 PESO: 0.0476 troy ounces gold 


2 PESOS: 0.095 troy ounces gold 
4 PESOS: 0.190 troy ounces gold 

For example, today the US dollar is slightly weak and gold is at $1275
per troy ounce. Tomorrow the price will be different, so be sure to
look it up. The melt value of a 4 pesos is 0.19 x 1275 = $242. 
To the melt value, add these numismatic premiums to come up with an
approximate catalog value. 

1 PESOS DATED 1861 TO 1865 and 1868: 


worn: add $0 numismatic premium to melt value 
well preserved: add $130 
fully uncirculated: add $450 

1 PESOS DATED 1866: 


worn: add $0 numismatic premium to melt value 
well preserved: add $550 
fully uncirculated: add $1450 

1 PESOS DATED 1867: 


worn: add $50 numismatic premium to melt value 
well preserved: add $650 
fully uncirculated: add $4000 

2 PESOS DATED 1861 to 1865 and 1868: 


worn: add $0 numismatic premium to the melt value 
well preserved: add $60 
fully uncirculated: add $200 

2 PESOS DATED 1866: 


worn: add $300 numismatic premium to the melt value 
well preserved: add $1000 
fully uncirculated: add $2500 

4 PESOS DATED 1861 to 1865 and 1868: 


worn: add $0 numismatic premium to the melt value 
well preserved: add $250 
fully uncirculated: add $600 
4 PESOS DATED 1866: 
worn: add $350 numismatic premium to the melt value 
well preserved: add $1200 
fully uncirculated: add $3500 

4 PESOS DATED 1867: 


worn: add $1000 numismatic premium to the melt value 
well preserved: add $3000 
fully uncirculated: add $7500 

Since Chris has the rare date 1867, and since his coin is guaranteed
authentic by PCGS, and since it has an 'extremely fine' numismatic
grade of XF45, he could probably sell his coin in the neighborhood of
$3000 to $4000 US dollars. Nice!
Coin: 8471 , Genre: Islamic Hindu Buddhist 
Requested by: Chris, Wed, 24-Aug-2011 19:58:56 GMT 
Answered by: Chris, Fri, 13-Jun-2014 18:15:39 GMT 
Reviewed by CoinQuest -- Appraisal ok., Fri, 13-Jun-2014 18:15:39 GMT 
Requester description: 1867 Isabela 2A, 4 pesos Gold coin.
Tags: philippines 1 2 4 pesos peso preso isabela isabel gold isabella isdabel isabell
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hispana espania espa spanish hisp espanola coat arms shield column pillar crown
tiara coats crests insignia crest creast columns upright crowned crwon crpwn crowns
tiarra crowning tiera

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