Philippines
USA Administration Certified 7-Piece Proof Set 1908,
1) 1/2 Centavo - PR63 Red and Brown NGC, KM162
2) 1 Centavo - PR64 Red & Brown NGC, KM163
3) 5 Centavos - PR65 NGC, KM164
4) 10 Centavos - PR66 NGC, KM169
5) 20 Centavos - PR65 NGC, KM170
6) 50 Centavos - PR64 NGC, KM171
7) Peso - PR65+ NGC, KM172
KM-PS5 (as a set). Mintage of only 500 sets, many dumped in Manila bay as with the 1905 and 1906 sets. Significant red remains on the coppers and the silver pieces are lightly toned with the exception of the peso, that displays a deep ring of color on the obverse with more sporadic reverse placement. An above-average set, especially considering the peso's a Gem.
Estimate: 4000-6000 USD