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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]
Value: 0.20 Philippine peso: Mass: 4 g: Diameter: 20.00 mm: Edge: Reeded: Composition: 75% silver, 25% copper: Years of minting: 1880–1945: Obverse; Design: The standing figure of an adolescent female was utilized. She is clad in a long, flowing gown and holds in her right hand a hammer, resting atop an anvil, as seen on the minor coins.
The American government minted currency under the Philippine Coinage Act of 1903 in its mints in the United States, in base-metal denominations of half centavo, one centavo and five centavos; and in silver denominations of 10 centavos, 20 centavos, 50 centavos and 1 peso.
Twenty Centavos (1920 and 1922) One Peso (1920, 1922, and 1925) In addition, a medal (commonly called the 'Wilson Dollar,' owing to having a design featuring then-current U.S. President Woodrow Wilson and being similar in size to a silver dollar) was issued in gold, silver, and copper in 1920 to commemorate the opening of the Manila Mint.
The twenty-five-sentimo coin (25¢) is the third-lowest denomination coin of the Philippine peso. During Spanish administration, coins valued at 1 ⁄ 4 a Spanish dollar (or peso ), equivalent to two reales , issued by Spain and Spanish America, were generally accepted in the Philippines as 25 centimos.
5 centavos Red Bank title, bank seal, value, serial number "PHILIPPINES", value April 15, 1951 June 30, 1958 10 centavos Maroon 20 centavos Green 50 centavos Blue 1 ⁄ 2 peso Green Mt. Mayon and three men riding on a carabao-drawn cart July 1, 1958 February 28, 1969 Large denomination notes ₱1: 160 mm × 66 mm Gray Apolinario Mabini ...
Image Value Year Description Issued Diameter Weight Composition 50 centavos: 1961 100th Anniversary of Birth of Jose Rizal: 100,000 30.6 mm 12.5 g 90% silver 1 peso
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 great silver devaluation of 1873, the Philippine peso devalued in parallel with the Mexican unit, and by the end of the 19th century, was worth half a United States dollar.