Watch List notes:

Philippines, Insular Government AR Peso. San Francisco mint, 1903S. UNITED STATES OF AMERICA, eagle above shield; • S date • below / Liberty advancing slightly to left, wearing flowing dress, holding hammer resting on anvil with right hand; Mt. Mayon in background to right, denomination above, FILIPINAS below. KM 168. 26.93g, 38mm, 6h.

Extremely Fine; brush cleaned, pleasant tone.

From the inventory of a UK dealer.