Watch List notes:

Philippines (under Spain), 10 centavos, Alfonso XII, 1885, NGC MS 66+. KM-148; Cal-102. Superb luster and strike, no marks or wear, with lovely toning around rims, frozen date (struck 1885-98, i.e., well into the reign of Alfonso XIII), tied with two others for second finest known in the NGC census behind a single MS 67. (Note: KM and many catalogers refer to this issue as 10 centimos in error.)

Estimate: $200 - $300