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From 1903 to 1906, the silver coins had a silver content of 90%, while those struck after 1906 had a reduced silver content of 75% for 10 through 50 centavos and 80% for the peso. In both cases the silver was alloyed with copper. The obverse of these coins remained largely unchanged during the years 1903 to 1945.
Prior to 1864, coins valued at 1/2 a Spanish dollar (or peso) or four reales issued by Spain and Spanish America were generally accepted in the Philippines for half a peso. 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 ...
The coins are minted under a licensing agreement with the Vatican. Both coins are legal tender. [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 March 5, 1862, permission was also granted to coin silver coinage, which began in 1864 for the ten and twenty Centavo denominations, and 1865 for fifty Centavos. The coins all bore the image of the then-reigning Spanish Monarch, Queen Isabel II. In 1868, Isabel was deposed, but the mint continued to issue coinage in all six denominations ...
Spanish-American coins minted to the currency system of 8 reales = 1 peso were brought over by the Manila galleons between the 16th and 19th centuries. The first coins brought over were odd-shaped silver cobs called macuquinas or hilis-kalamay. They were then succeeded starting 1726 by the famous columnarios (silver pillar dollars) or dos mundos.
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around. Check out the slideshow above to discover if any of the coins you've collected could rake in ...
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