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Until the Manila mint was established in 1857 the Philippines had no money of its own. Gold and silver coins brought to it by Spain, China and neighboring countries were in circulation. Denominations consisted of In gold escudos: 1 ⁄ 2, 1, 2, 4, 8 escudos; each escudo worth approximately 2 silver pesos or 16 reales.
In order to remedy this damage in the monetary situation, Queen Isabella II issued a decree in 1857 ordering the founding of the Casa de Moneda de Manila in the Philippines in order to coin gold 1-, 2- and 4-peso coins according to Spanish standards (the 4-peso coin being 6.766 grams (0.2387 oz) of 0.875 gold).
The half-peso coin was considered as the successor to the pre-Hispanic silver denomination rupee or rupiah, locally called salapi. In 1864 a silver 50-centimo coin was issued specifically for the Philippines weighing 12.98 grams of 0.9 fine silver (reduced to 0.835 fine after 1881).
The ten-sentimo coin (10¢) coin is a denomination of the Philippine peso. It was the oldest denomination under 1 peso in the country's circulation, having been introduced in 1880 during the Spanish rule of the islands until it stopped being minted in 2017. The denomination remains legal tender until the demonetization of the BSP Coin Series.
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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.
On December 22, 2014, the BSP issued three commemorative coins, a five-peso coin to commemorate the 70th anniversary of the Leyte Gulf Landings, [2] a five-peso coin honoring Overseas Filipinos with the theme "Bagong Bayani" [2] and a ten-peso coin celebrating the 150th anniversary of the birth of Apolinario Mabini.
The Philippine five-peso coin (₱5) is the third-largest denomination of the coins of the Philippine peso.. Three versions of the coin are in circulation, the version from the BSP Series which was issued from 1995 to 2017, the original round coin from the New Generation Currency Coin Series issued from 2017 to 2019 and the nonagonal (9-sided shape) version since 2019.
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