1928-M U.S. Philippines, Mule 20 Centavos MS Allen-11.18, FS-901 Values

Greysheet & Red Book® Price Guide
Melt: $7.02 (0.0964 oz Silver)

Sponsor

shop eBay

Sponsor

shop Great Collections

Sponsor

shop CAC

Sponsor

shop David Lawrence Rare Coins

Sponsor

shop Stacks Bowers Auctions

1928-M U.S. Philippines, Mule 20 Centavos MS Allen-11.18, FS-901 Values

Details

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.

down This coin is made of Silver and has a current melt value of $7.02

Reverse: 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.

Basic Information

GSID:

25937

Coin Date:

1928-M

Denomination:

20c / 20 Centavos

Designation:

MS

Mint & Coinage Details

Mint Location:

Manila

Mintage:

100,000

Coinage Type:

U.S. Philippines Coinage

Coinage Years:

1907-1929

Composition:

Silver

Mint Mark:

M

Varieties and Classification

Variety:

U.S. Philippines, Mule

Variety 2:

Allen-11.18, FS-901

Physical Characteristics

Fineness:

0.75

Weight:

4 gr

Weight:

0.14 oz

Precious Metal Weight:

0.0964 oz

Strike Type:

Business

Diameter:

20 mm

Coin Shape:

Round

Design Details

Designer:

Melico Figueroa

Feedback:

Available on Greysheet Marketplace

View All

Dealer Directory

View All Dealers

Greysheet News

View All News
From Stellas to Standouts: Heritage's Star-Studded CSNS U.S. Coins Auction Features Elite Rarities
From Stellas to Standouts: Heritage's Star-Studded CSNS U.S. Coins Auction Features Elite Rarities
4/18/2026

All four gold stellas, 1933 Indian eagle and featured collections among highlights at April 29-May 2 event.

Red Book Podcast with John Feigenbaum and Jeff Garrett [Video]
Red Book Podcast with John Feigenbaum and Jeff Garrett [Video]
4/17/2026

You don't want to miss this conversation about Mega Red X & the 2027 Red Book

Stack's Bowers Galleries Shatters Records in Spring 2026 Showcase Auction
Stack's Bowers Galleries Shatters Records in Spring 2026 Showcase Auction
4/16/2026

Auction records were smashed during an incredible week of auctions hosted March 9-17, 2026 by preeminent rare coin auction firm, Stack's Bowers Galleries.

Map icon

DAVID LAWRENCE RARE COINS