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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.
In silver reales: 1 ⁄ 2, 1, 2, 4, 8 reales; one peso equals 8 reales. 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 ...
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] On January 27, 2017, the BSP issued a commemorative one-peso coin in honor of the Philippines' Chairmanship of the Association of Southeast Asian Nations (ASEAN). [7]
The founding of the Casa de Moneda de Manila mint in 1857 and the minting of gold 1, 2 and 4 peso coins starting 1861, and; The minting of 50, 20 and 10 centimo silver coins starting 1864. As with Mexican dollars, the Philippine unit was based on silver, unlike the United States and Canada where a gold standard operated. Thus, following the ...
The gold peso, however, has since increased in value to approx. two silver pesos. Furthermore, the fineness of Philippine fractional silver coins was reduced from 0.900 to 0.835 and worsened the quality of the local currency, and the introduction of Alfonsino silver coins in 1897 did little to improve the peso's exchange value.
Struck in copper-nickel, the obverse side of the coin features the state title, the denomination and a portrait of José Rizal. The reverse side of the coin features the Coat of arms of the Philippines. The first version, minted from 1975 to 1978, featured a scroll with the inscription Republika ng Pilipinas (Republic of the Philippines).
Concurrent with these events is the establishment of the Casa de Moneda de Manila in the Philippines in 1857, the mintage starting 1861 of gold 1, 2 and 4 peso coins according to Spanish standards (the 4-peso coin being 6.766 grams of 0.875 gold), and the mintage starting 1864 of fractional 50-, 20- and 10-céntimo silver coins also according ...
File:People Power Revolution commemorative 10-peso coin obverse and reverse.png File:Philippine 1 centavo coin with Lapu-Lapu obverse.gif File:PhilippinePesoCoins.jpg