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The 1906 Ruler of Philippine Peso

Considering reports that a few neighborhood gatherers or collectors sell probably interesting coins at a cost higher than the first sum or its original amount, general society is prompted not to succumb to such tricks or scam.

As per Kuya Kim's (Kim Atienza, one of the Journalist here in the Philippines) Friday report (April 22, 2022) on "24 Oras" be that as it may, there is a peso coin esteemed at nearly Php 1 million.

This is the 1906 US-Philippine peso coin, which is otherwise called the ruler of Philippine peso. According to Wiki, 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.


Made of 90% silver, the coin is supposed to be uncommon with only under 200 pieces in presence.

Since these are profoundly pursued, purchasers are cautioned against copies on the lookout.

In the mean time, the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) reminded the general population against purchasing coins, like the new age cash (NGC) series, at greater costs. What we are talking about here is the New 20 Peso Coin.

"Hindi ito rare. Marami po tayong barya na bente," ("This is not rare. We have ample and enough Coins in circulation") said Nenette Malabrigo of BSP's currency policy and integrity department.

"Kung ano ang makikita nating denominasyon dito, 'yun ang katapat nyang value," ("What you see in denomination, that's its actual value") she added.


In July 2019, the Bangko Sentral ng Pilipinas (BSP) announced that the 20 peso note will be replaced with a coin due to the overuse of the banknote, since each individual note only lasts about a year in circulation while a 20 peso coin lasts for 10 to 15 years. The decision is based on research by the University of the Philippines. In September 2019, the ₱20 coin was finally designed, with BSP Governor Benjamin Diokno stating that the design would retain Manuel L. Quezon as the person on the obverse, that the coin would be bi-metallic with a bronze-plated steel outer ring and a nickel-plated steel center and that it will be slightly bigger than the P10 coin. He also mentioned there would be other features making it distinct from the other New Generation coins. Photos of the new coin were released on 17 December 2019, along with the "enhanced" 5 peso coin, confirming their designs. The coin was initially planned to be released in late 2019 or early 2020, and in another 17 December report, it was reported that 500,000 coins of the new denomination were released, with more to be minted in 2020.

Cheerio!

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