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In copper: 1 ⁄ 2, 1, 2 cuartos; 20 cuartos in a real and 160 cuartos in a peso. The Casa de Moneda de Manila (or Manila mint) was founded in 1857 in order to supply smaller Philippine currency after the California gold rush of 1848 made silver more expensive and drained the colony of silver and small gold coins.
1-peso coin issued under US administration, 1907. In 1903 the 1-peso coin equivalent to half a U.S. dollar was minted for the Philippines, weighing 26.96 grams (0.951 oz) of 0.9 fine silver. Its specifications were reduced from 1907 to 1912 to 20.0 grams (0.71 oz) of 0.8 fine silver.
These were called barrillas and first appeared in 1728 in denominations of 1 ⁄ 2 quarto (1 octavo) and 1, 2 and 4 quartos. 20 quartos made up 1 real, hence 160 quartos to a peso. Coins from other Spanish colonies that reached the Philippines were counterstamped. From 1828, the word "MANILA" was stamped on the coins.
[3] [4] Production and issuance of two additional silver and gold coins in 1000-peso and 10,000-peso denominations were called off due to limitations in the procurement process. [5] On December 21, 2015, the BSP issued a commemorative 10-peso coin in honor of General Miguel Malvar, in time for the 150th year birth anniversary. [6]
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The composition is nickel-plated steel, has diameter of 25 mm, and mass of 7.4 grams. Due to the confusion of the 5-piso coin bearing similarities with the 1-piso coin (mainly caused by its similar size), the Bangko Sentral ng Pilipinas has reissued the 5-piso coin in a nonagonal (9-sided shape) into circulation on December 17, 2019.
The Philippine peso fuerte (Spanish "Strong Peso" sign: PF) was the first paper currency of the Philippines and the Spanish East Indies during the later Spanish colonial period. It co-circulated with other Spanish silver and gold coins and was issued by El Banco Español Filipino de Isabel II (currently Bank of the Philippine Islands ).
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