The US administered affairs in the Philippines from 1903 to 1935. The commonwealth formed after 1936 and the shield on the back of these coins changed from the prior years, although the front of the coin stayed the same.

1937, 1938, 1941:
worn: $2 US dollars catalog value
average circulated: $5
well preserved: $25
fully uncirculated: $50

1944, 1945:
worn: less than $1 US dollars catalog value
average circulated: less than $1
well preserved: $2
fully uncirculated: $5

Use our Important Terminology page to properly interpret catalog value.