On nine occasions in the 20th century, the Denver Mint produced fewer than one million coins in a certain year and denomination.
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
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Subject: I would like to contribute catalog info to CDN for 1928-M 20c U.S. Philippines, Mule, Allen-11.18, FS-901 MS
Body: Referring page: http://www.greysheet.com/prices/item/1928-m-twenty-centavos-20c-mule-us-philippines-coinage/gsid/25937 GSID: 25937 Title: 1928-M 20c U.S. Philippines, Mule, Allen-11.18, FS-901 MS
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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 |
Greysheet News
The United States Mint has selected 37 American artists to participate in its Artistic Infusion Program (AIP) to create and submit new designs for coins and medals.
Results Set Record for the Firm's Highest Grossing Auction Sale in its 90+ Year History.





