PHILIPPINES. Peso, 1904-S. San Francisco Mint. PCGS MS-64. KM-168; Allen-16.04. A superlative near-Gem<strong> </strong>that dwarfs our other offerings, this Peso seems earmarked for inclusion in an advanced registry set. Luster quality is outstanding with a soft satin texture easily smooth enough to support the lofty grade. The reverse presents aggressive cartwheel brilliance that is a pleasure to tilt back and forth. Untoned apart from the faintest notion of champagne-gold at extreme angles, this gorgeous piece is only bested by three other examples in the PCGS population. Unlikely to be rivaled anytime soon at public auction, it would serve as a landmark highlight for any Philippines cabinet.