1 Peso 1907-S US-Philippine United States of America Coin - SEA SALVAGE #F7

Description

1 Peso 1907-S US-Philippine United States of America Coin
This coin was dumped  in Manila Bay during the war to avoid the capture of the coming Japanese forces in Manila. Truly a unique and historical piece.
During the war sometime between 12 March 1942 when MacArthur left Corregidor and 6 May when 16,000 American and Filipino troops surrendered Corregidor, the thousands of pounds of silver Pesos and minor coins were sent to the depths of Manila Bay.
Packed in heavy wooden boxes and transported by boats and barges, the silver treasure was dumped overboard near the mouth of Manila Bay in a wide area approximately two-and-a-half miles north of the island. The location, at the junction where the China Sea and the bay convene, is slightly more than 100 feet deep. Some accounts, never confirmed by government sources, and despite MacArthur's assurances to Quezon, say that a goodly number of gold bullion bars were also part of what went overboard. The gold was reportedly overlooked or left behind when the bulk of the gold was taken out by submarine.
The Japanese heard about the effort and during the years they occupied the Philippines are said to have recovered roughly 4-million coins using their own divers and prisoners of war.
Please take a look at the photo for best description
SPECIFICATIONS
Country:
Philippines (U.S. Administration)
Denomination:
One Peso
Year / Mint mark:
1907-S
(struck at San Francisco Mint, U.S.A.)
Catalog Number: KM# 172
Size:
35 mm in diameter
Weight (actual):
20 grams
Composition:
80% Silver
Obverse Description
Female standing beside hammer and anvil
Reverse Description       Eagle above stars and striped shield
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ON GRADING
The grade I gave is just my opinion and may differ from others. Grading is subjective and not an exact science. Please take a look at the photo and grade it accordingly. Several subjective factors of personal preference may be considered different by others.
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