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Friday, February 10, 2012

Money in the Philippines you may not know




Quality: Frosted proof

Material: 2.21 troy ounces 900/1000 fine gold

Text on sealed cachet: The 1977 Five Thousand Piso Gold Coin of the Philippines.

The proof coin contained within this sealed cachet was struck by The Franklin Mint on March 24, 1977 the first day of minting of this Proof coin.

Minted under the authorization of the Central Bank of the Philippines by the Franklin Mint, Franklin Center, Pennsylvania, U.S.A.

Signed G.S. Licaros (Governor, Central Bank of the Philippines) and Charles L. Andes (Chairman of the Board, The Franklin Mint).

Obverse: President Ferdinand E. Marcos and First Lady Imelda R. Marcos, The New Society, “V Anniversary”, 1972-1977
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n commemoration of 150th Birth Anniversary of Philippines's national hero Jose Rizal, Bangko Sentral ng Pilipinas minted one peso coin to start  "New Generation" coins currency series


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Ten Thousand Peso Commemorative Gold Coin (1992)
6th Anniversary - Restoration of Democracy

Obverse: President Corazon C. Aquino; Republic of the Philippines, 10000 Pesos
Reverse: Philippine map superimposed on Constitution and dove of peace flying towards the light; Democracy Restored; VI Anniversary; 1986, 1992

Shape: round
Edge: reeded
Material: gold

This is the largest coin denomination ever issued in the Philippines. I am still looking for more information on this very rare coin.




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2500 Peso Gold Commemorative Coin – General MacArthur

100th Anniversary of the Birth of General MacArthur

Obverse

Lettering: IKASANDAANG TAONG KAARAWAN
General Douglas MacArthur – 1880-1980

Reverse

Lettering: REPUBLIKA NG PILIPINAS
LEYTE LANDING

OCTOBER 20, 1944
2500 PISO

500/1000
FINE GOLD *

Country : Philippines
Year: 1980
Value: 2500 Piso (2500 PHP)
Metal: Gold (.500)
Weight: 14.57 g
Shape: Round
Orientation: Medal alignment
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Philippine 100,000 Peso-Bill - Guinness Book of World Records Largest Legal Tender
One Hundred Thousand Piso Commemorative Banknote
with BSP Certification of Issuance



Obverse: Cry of Pugadlawin, Philippine Centennial Commission Logo, BSP Logo

Reverse: Declaration of Independence Day

Width: 356mm
Height: 216mm
Pieces Issued: 1000

This banknote was issued during the Centennial of Philippine Independence in 1998. It is as large as a legal-sized bond paper. Produced in Germany, the banknote has 21 security features including a hologram, making it very hard to counterfeit. Today, it is worth many times more. It is recognized by the Guiness Book of world Records as the world's largest legal tender banknote.

The 100,000-peso centennial note, measuring 8.5"x14", is accredited by the Guinness Book of World Records as the world's largest legal tender note in terms of size. 1,000 pieces were issued during the celebration of the centennial of Philippine independence in 1998



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Two-thousand Piso Commemorative Banknote


Obverse: President Joseph Estrada being sworn into office in front of the Barasoain Church in Malolos, Bulacan with his wife Loi Estrada, scroll with the Malolos Constitution, seal of the Central Bank
Reverse: Re-enactment of the proclamation of Philippine Independence at the Aguinaldo Shrine in Kawit, Cavite during the Philippine Centennial Celebration with President Fidel Ramos and his wife Amelita Ramos, Philippine Centennial Commission logo

Length: 216mm
Width:133mm
Composition: 20% abaca, 80% cotton fiber
Pieces Issued: 300,000

Text
Obverse: "Ang panunumpa sa tungkulin ni Pangulong Joseph E. Estrada sa Simbahan ng Barasoain, Malolos, Bulacan, noong ika-30 ng Hunyo, 1998", "Simbahan ng Barasoain, Lunduan ng Unang Demokratikong Republika sa Asya", "Malolos Constitution 1898", "Republika ng Pilipinas", "Dalawang Libong Piso", "Ang salaping ito ay bayarin ng Bangko Sentral at pananagutan ng Republika ng Pilipinas"
Obverse: "Pagdiriwang ng Sentenaryo ng Kalayaan sa Kawit, Cavite na pinangunahan ni Pangulong Fidel V. Ramos nnong ika-12 ng Hunyo, 1998", "Sentenaryong Salapi", "Dalawang Libong Piso"

The security features of this banknote include a 3-dimensional cylinder mould-made portrait watermark of the two presidents, and the years 1898-1998, iridescent band, color-shift windowed security thread, latent image, and perfect see-through register.



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President Joseph "ERAP" Estrada GOLD P1000 Commemorative Bill

 This was issued to honor the 100 year celebration of the Philippine Independence. This is an extremely rare collectible given by Erap to his closest relatives and supporters. It's gold plated and features the face of Erap at the front and  the back features just like the reverse of the regular P1000 note. It's gold plated and features the face of Erap at the front with the serial number of the bill as JE6301998. It comes with a special case with the seal of the presidency in front and has "his excellency, Joseph Estrada, Pangulo ng Pilipinas" printed inside.

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50 Peso Commemorative Coin (1981)
Pope John Paul II visit to the Philippines


Obverse: Bust of Pope John Paul II, "Papa Juan Pablo II", "Pagdalaw ng Papa sa Pilipinas", 1981
Reverse: , "Lorenzo Ruiz Martir na Pilipino", "50 Piso", "Republika ng Pilipinas"

Material: Silver
Weight: 27.5 grams
Diameter: 39.0 mm
Mintage: 10,000 pcs


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The Republic of the Philippines, an archipelago in the western Pacific 500 miles (805 km.) from the southeast coast of Asia, has an area of 115,830 sq. mi. (300,000 sq. km.) and a population of *64.9 million. Capital: Manila. Migration to the Philippines began about 30,000 years ago when land bridges connected the islands with Borneo and Sumatra. Ferdinand Magellan claimed the islands for Spain in 1521.

 The first permanent settlement was established by Miguel de Legazpi at Cebu April 1565. Manila was established in 1572. A British expedition captured Manila and occupied the Spanish colony in October 1762, but returned it to Spain by the treaty of Paris, 1763. Spain held the Philippines despite growing Filipino nationalism until 1898 when they were ceded to the United States at the end of the Spanish-American War. The Philippines became a self-governing commonwealth under the United States in 1935, and attained independence as the Republic of the Philippines on July 4, 1946.

 The peso (Filipino: piso) ( code: PHP) is the currency of the Philippines. It is subdivided into 100 centavos (Spanish) or sentimo (Filipino). Before 1967, the language used on the banknotes and coins was English and so "peso" was the name used. The language was then changed to Tagalog (the name of the Filipino language then) and so the currency as written on the banknotes and coins is piso.


 The peso is usually denoted by the symbol "". This symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1. Due to the lack of font support, the symbol is often substituted with a simple "P", a P with one horizontal line instead of two (available as the peseta sign, U+20A7 (₧), in some fonts), as "PHP", or "PhP".
+

 The Philippine peso was established on May 1, 1852, when the Banco Español-Filipino de Isabel II a (now the Bank of the Philippine Islands) introduced notes denominated in pesos fuertes ("strong pesos", written as "PF"). Until October 17, 1854, when a royal decree confirmed Banco Español-Filipino's by-laws, the notes were in limited circulation and were usually used for bank transactions. The peso replaced the real at a rate of 8 reales = 1 peso. Until 1886, the peso circulated alongside Mexican coins, some of which were still denominated in reales and escudos (worth 2 pesos).

 In 1967, the CBP adopted the Filipino language on its currency, using the name Bangko Sentral ng Pilipinas, and in 1969 introduced the "Pilipino Series" of notes in denominations of 1, 5, 10, 20, 50 and 100 piso. The "Ang Bagong Lipunan Series" was introduced in 1973 and included 2-peso notes. A radical change occurred in 1985, when the CBP issued the "New Design Series" with 500-piso notes introduced in 1987, 1000-peso notes (for the first time) in 1991 and 200-piso notes in 2002.


 Coin production commenced in 1861 and, in 1864, the Philippines decimalized, dividing the peso into 100 centimos de peso. The peso was equal to 226⁄7 grains of gold. In 1886, Philippine colonial authorities started the gradual phase-out of all Mexican coins in circulation in the Philippines, citing that Mexican coins were by then of lesser value than the coins minted in Manila.


 The coins are minted at the Security Plant Complex. Banknotes, passports, seaman's identification record books, land titles, checks, official ballots, official election returns, passbooks, postal money orders, revenue stamps, government bonds and other government documents are printed in the Security Plant Complex or the National Printing Office.

MONETARY SYSTEM
4 Quartos = 1 Real
8 Reales = 1 Peso

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