Whitman Expo
Outside of the direct trading of coins, our industry has seen some shake up recently on the data and information front.
Thank you to our sponsors!
Go check them out!
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
Send Catalog Feedback
To: editor@greysheet.com
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://beta.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
Subscribe to View
View more data, info, and visualizations. Get access to retail and wholesale pricing as well as auction data.
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
Sort by
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 |
U.S. Philippines 20c 1903-1905 MS [Type]
Worth: $14 – $1,250
1903 20c U.S. Philippines MS
Worth: $16 – $850
1903-S 20c U.S. Philippines MS
Worth: $40 – $8,250
1904 20c U.S. Philippines MS
Worth: $14 – $1,250
1904-S 20c U.S. Philippines MS
Worth: $14 – $1,200
1905-S 20c U.S. Philippines MS
Worth: $26 – $2,000
U.S. Philippines 20c 1907-1929 MS [Type]
Worth: $8 – $2,000
1907 20c U.S. Philippines MS
Worth: $18 – $3,000
1907-S 20c U.S. Philippines MS
Worth: $14 – $2,750
1908-S 20c U.S. Philippines MS
Worth: $14 – $2,000
1909-S 20c U.S. Philippines MS
Worth: $14 – $5,200
1910-S 20c U.S. Philippines MS
Worth: $11 – $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: $12 – $1,500
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
PHILIPPINES. 20 Centavos, 1928-M. Manila Mint. PCGS AU-53 Gold Shield.
$552
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
Greysheet News
The Business of Numismatics: September 2026 Greysheet Editor's Letter
9/7/2026
1893-S Morgan Dollar Realizes $1,181,250 at GreatCollections
Brings More Than 50% Over PCGS Price Guide — a Record for the Date in Gem Mint State.
9/4/2026
Whitman Publications Win Three 2026 NLG Awards
Whitman Brands walked away with a trio of honors during the annual Numismatic Literary Guild awards, held during the American Numismatic Association World's Fair of Money in Pittsburgh.
8/31/2026
Events
Heritage Auctions: US Coins Tuesday & Wednesday Select Auction
Location: Heritage Auctions
Wednesday, July 1, 2026
Heritage Auctions: World & Ancient Coins Wednesday & Thursday Select Auction
Location: Heritage Auctions
Thursday, July 2, 2026
