Watch List notes:

Philippines, Insular Government AR 50 Centavos. Philadelphia mint, 1903. United States, eagle above shield; 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 167. 13.48g, 31mm, 6h.

Extremely Fine; light tone with golden highlights.

From a private Welsh collection.