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The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
1-peso coin issued under Spanish administration, 1864 Prior to 1861, Spanish dollars (pesos) or eight-real coins issued by Spain and Spanish America were generally accepted in the Philippines. In 1861, a gold 1-peso coin specifically for the Philippines was issued weighing 1.69 grams (0.060 oz) of 0.875 fine gold.
Early 1-yen coin from 1901 (Meiji year 34), 26.96 grams of 90% fine silver 20 yen coin from 1870 (Meiji year 3) In 1897, the silver 1 yen coin was demonetized and the sizes of the gold coins were reduced by 50%, with 5, 10 and 20 yen coins issued. After the war, brass 50 sen, 1 and 5 yen were introduced between 1946 and 1948.
The mint's silver eight-real coins and its successor coin, the silver peso, circulated widely in the Americas and Asia well into the 19th century and became the basis of the modern national currencies of many countries in these parts of the world, including the United States dollar, [5] the Japanese yen and the Chinese yuan. [6]
The first Japanese one-yen coins were minted between 1871 and 1872 using both silver and gold alloys. [1] [2] This came at a time when a new decimal system was put into place, and a modern mint was established at Osaka.
Countermarked one yen coin showing the "gin" stamp on the obverse left side. (stamped in Osaka) Countermarked yen refers to Japanese trade dollars and 1 yen coins that are stamped 銀 (gin), literally meaning "silver" (pronounced with hard 'g'). The countermark was added by the Japanese government in 1897 to these coins dated up to that point.
The newest coin in the trove was minted in 1265 A.D., indicating the assemblage was likely buried during the Kamakura Period, which spanned 1185 A.D. to 1333 A.D., according to the Asahi Shimbun ...
In 1943 MacArthur requested and received the following counterfeited notes: five million 10-peso notes, three million 5-peso notes, one and a half million 1-peso notes and five hundred thousand 50-centavo notes. [8] The American forgeries are known to have the following block letter codes: 50-centavo bills: PA, PB, PE, PF, PG, PH and PI