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English Series Coins
(Republic of the Philippine Coinage)
Coinage of the Republic 1958 - 1979
July 4, 1946, the first day of Philippine independence, had been agreed upon a decade earlier, but it was also a day for which the islands had been waiting since 1521. The first coinage of the new Republic was the commemorative issue portraying General MacArthur. The first regular coinage was not introduced until 1958.
The first regular issue was essentially experimental and only 1000 each of the 10, 25, 50-centavo coins were minted. Prices for the 1958 mint set of five coins mounted on a card and marked "Central Bank of the Philippines" rose rapidly to as $15, but the bubble burst when the mint produced 9,900,000 of the 10 and 20-centavo pieces and 4,999,000 of the 50-centavo pieces in 1959 -- all dated 1958.
When the Central Bank introduced its first fractional coins in denominations of one, five, ten, twenty-five and fifty centavos. To assure acceptance by the people of these cupro-nickel coins, the designs on the highly-treasured US-Philippine coins (1903-1945) were retained on the obverse while the reverse featured the coat of arms of the Republic, surrounded by the legend, " CENTRAL BANK OF THE PHILIPPINES". These coins were struck at the U.S. Mint in Philadelphia from 1958 to 1963, at the Royal Mint of London in 1964 and jointly by the Vereingte Deutsche Metallwerke of West Germany and the Royal Mint of London in 1966.
As a consequence of the nationalism movement of the 1960s, a new series of coins featuring national heroes and inscribed in Pilipino was issued by the Central Bank in 1967. It was a complete breakaway from the American-influenced earlier series otherwise known as the "English" series (1958-1966). The metalic composition was changed and except for the 10c, the size for all denomination was reduced. For the first time, the Filipino were proud of their coins which are devoid of any vestige of their colonial past. Lapu-Lapu , the defender of Mactan was featured on the 1c; Melchora Aquino, the Grand Old Lady of the Revolution, on the 5c; Francisco Baltazar, the foremost Filipino poet, on the 10c; Juan Luna, the internationally acclaimed Filipino painter, on the 25; and Marcelo H. del Pilar, writer-patriot, on the 50c.
After an absence of sixty years, the 1-peso denomination was reintroduced into circualtion but unlike its US-philippine predecessor, it is of cupro-nickel and bears the profile of the foremost Filipino hero, Jose P. Rizal on the obverse.
All the coins of the Pilipino series (1967-1974) were struck at the U.S. Mint except for a part of the 1972 50c which was minted by the Chartered Industries of Singapore.
Drastic yet long-desired reforms in the government generated by the imposition of martial law and the concomitant establishment of a "New Society" in 1972 had entirely changed all aspects of life in the country and its coinage, against which criticisms have been mounting (bulkiness and confusing sizes) during the previous years, was not spared the winds of change.
A new set of circulating coins, the Ang Bagong Lipunan or "ABL" series, was introduced in late 1975 by the Central Bank in denominations of 1c, 5c, 10c, 25c, 1P, 25P, and 50P. for the first time in Philippine numismatic history, non-rounded coins, the were included in the country's currency as the 1c was changed to a square coin with rounded corners and the 5c, to one with scahoped edges to distinguish it from the 10c. The 50c was eliminated from the series to avoid its being mistaken for the new 1P whose size was reduced to make it less bulky. Though the obverse of the coins from 1c to 1P still retain the profiles of the national heroes appearing on their counterpart denomination in the Pilipino series,
they are portrayed in a more modern three-1qurchs profile, thus this series is an entirely redesigned one - a sweeping change which seldom happens in any of the world's currencies.
The reverse of the 1c, 5c, 10c and 25c bear the seal of the Central Bank surmounted by the legend "Ang Bagong Lipunan" (The New Society) with the date below. On the 1P's reverse, the coat of arms of the Republic is flanked by the number "19" and "75" and circumscribed by the inscriptions "ANG BAGONG LIPUNAN" and "BANGKO SENTRAL NG PILIPINAS".
As a prelude to the introduction of the "ABL" coins, the Central Bank announced on June 10, 1975 that all coins of the Enlish series (1958-66), with the exception of the 10c the size of which was retained in the "Pilipino" and "ABL" series shall be finally demonetized after August 31, 1979. With this initial step and the yearly issuance of the 'ABL" coins, there exist at present a move towards eventual uniformity in the country's coinage. Since the Central bank coin program envisions a single coin series in circulation in the future, the Pilipino series may ultimately be demonetized, thus leaving the ABL coins alone in the field.
The regular circulating coins for 1975 were struck at different mints - the 1c and 5c were struck at the Royal Mint of London while the 10c, 25, and 1P were minted by the Vereinigte Deutsche Metallweke in West Germany. In 1976, all coins were struck at the U.S. Mint.
With the establishment by the Central Bank of its own Mint in Quezon City, the regular circulating coins for 1977 and subsequent years have been struck locally. In 1979, a new mintmark, "BSP" for Bangko Sentral Ng Pilipinas, was added on the reverse of the Philippine-minted coins.
The new denomination of the ABL coins (5P, 25P and 50P) though considered commemorative, have legal tender status and are circulating albeit in a limited scale to fulfill the requirements of the proof coin program initiated by the Central Bank in 1975. For that year, the profile of President Ferdinand E. Marcos was featured on the obverses of the 5P and 50P coins to commemorate the third anniversary of the New Society. The 25P bears the bust of General Emilio F. Aguinaldo, president of the First Philippine Republic. The design of the 5P remained unchanged during the subsequent years.
The first regular issue was essentially experimental and only 1000 each of the 10, 25, 50-centavo coins were minted. Prices for the 1958 mint set of five coins mounted on a card and marked "Central Bank of the Philippines" rose rapidly to as $15, but the bubble burst when the mint produced 9,900,000 of the 10 and 20-centavo pieces and 4,999,000 of the 50-centavo pieces in 1959 -- all dated 1958.
When the Central Bank introduced its first fractional coins in denominations of one, five, ten, twenty-five and fifty centavos. To assure acceptance by the people of these cupro-nickel coins, the designs on the highly-treasured US-Philippine coins (1903-1945) were retained on the obverse while the reverse featured the coat of arms of the Republic, surrounded by the legend, " CENTRAL BANK OF THE PHILIPPINES". These coins were struck at the U.S. Mint in Philadelphia from 1958 to 1963, at the Royal Mint of London in 1964 and jointly by the Vereingte Deutsche Metallwerke of West Germany and the Royal Mint of London in 1966.
As a consequence of the nationalism movement of the 1960s, a new series of coins featuring national heroes and inscribed in Pilipino was issued by the Central Bank in 1967. It was a complete breakaway from the American-influenced earlier series otherwise known as the "English" series (1958-1966). The metalic composition was changed and except for the 10c, the size for all denomination was reduced. For the first time, the Filipino were proud of their coins which are devoid of any vestige of their colonial past. Lapu-Lapu , the defender of Mactan was featured on the 1c; Melchora Aquino, the Grand Old Lady of the Revolution, on the 5c; Francisco Baltazar, the foremost Filipino poet, on the 10c; Juan Luna, the internationally acclaimed Filipino painter, on the 25; and Marcelo H. del Pilar, writer-patriot, on the 50c.
After an absence of sixty years, the 1-peso denomination was reintroduced into circualtion but unlike its US-philippine predecessor, it is of cupro-nickel and bears the profile of the foremost Filipino hero, Jose P. Rizal on the obverse.
All the coins of the Pilipino series (1967-1974) were struck at the U.S. Mint except for a part of the 1972 50c which was minted by the Chartered Industries of Singapore.
Drastic yet long-desired reforms in the government generated by the imposition of martial law and the concomitant establishment of a "New Society" in 1972 had entirely changed all aspects of life in the country and its coinage, against which criticisms have been mounting (bulkiness and confusing sizes) during the previous years, was not spared the winds of change.
A new set of circulating coins, the Ang Bagong Lipunan or "ABL" series, was introduced in late 1975 by the Central Bank in denominations of 1c, 5c, 10c, 25c, 1P, 25P, and 50P. for the first time in Philippine numismatic history, non-rounded coins, the were included in the country's currency as the 1c was changed to a square coin with rounded corners and the 5c, to one with scahoped edges to distinguish it from the 10c. The 50c was eliminated from the series to avoid its being mistaken for the new 1P whose size was reduced to make it less bulky. Though the obverse of the coins from 1c to 1P still retain the profiles of the national heroes appearing on their counterpart denomination in the Pilipino series,
they are portrayed in a more modern three-1qurchs profile, thus this series is an entirely redesigned one - a sweeping change which seldom happens in any of the world's currencies.
The reverse of the 1c, 5c, 10c and 25c bear the seal of the Central Bank surmounted by the legend "Ang Bagong Lipunan" (The New Society) with the date below. On the 1P's reverse, the coat of arms of the Republic is flanked by the number "19" and "75" and circumscribed by the inscriptions "ANG BAGONG LIPUNAN" and "BANGKO SENTRAL NG PILIPINAS".
As a prelude to the introduction of the "ABL" coins, the Central Bank announced on June 10, 1975 that all coins of the Enlish series (1958-66), with the exception of the 10c the size of which was retained in the "Pilipino" and "ABL" series shall be finally demonetized after August 31, 1979. With this initial step and the yearly issuance of the 'ABL" coins, there exist at present a move towards eventual uniformity in the country's coinage. Since the Central bank coin program envisions a single coin series in circulation in the future, the Pilipino series may ultimately be demonetized, thus leaving the ABL coins alone in the field.
The regular circulating coins for 1975 were struck at different mints - the 1c and 5c were struck at the Royal Mint of London while the 10c, 25, and 1P were minted by the Vereinigte Deutsche Metallweke in West Germany. In 1976, all coins were struck at the U.S. Mint.
With the establishment by the Central Bank of its own Mint in Quezon City, the regular circulating coins for 1977 and subsequent years have been struck locally. In 1979, a new mintmark, "BSP" for Bangko Sentral Ng Pilipinas, was added on the reverse of the Philippine-minted coins.
The new denomination of the ABL coins (5P, 25P and 50P) though considered commemorative, have legal tender status and are circulating albeit in a limited scale to fulfill the requirements of the proof coin program initiated by the Central Bank in 1975. For that year, the profile of President Ferdinand E. Marcos was featured on the obverses of the 5P and 50P coins to commemorate the third anniversary of the New Society. The 25P bears the bust of General Emilio F. Aguinaldo, president of the First Philippine Republic. The design of the 5P remained unchanged during the subsequent years.
ENGLISH Series Coins (Regular Coinage)
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1 One Centavo (95% Copper, 5% Zinc)Date/Mint Mintage EF BU 1958 (P) 20,000,000 $0.10 $0.25 1960 (P) 40,000,000* 0.10 0.20 1962 (P) 30,000,000 0.10 0.15 1963 (P) 130,000,00 0.05 0.10 *20,000,000 One centavo coins were struck in 1961 with a 1960 date. |
5 Five Centavos (80% Copper, 20% Zinc)Date/Mint Mintage EF BU
1958 (P) 10,000,000 $0.10 $0.25 1959 (P) 10,000,000 0.10 0.35 1960 (P) 40,000,000 0.10 0.15 1962 (P) 40,000,000 0.10 0.15 1963 (P) 50,000,00 0.10 0.15 1964 (L)*** 100,000 000 0.10 0.15 ** |
10 Ten Centavos
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25 Twenty Five Centavos
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50 Fifty Centavos
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