Part I Piloncitos Part II      Barter Rings OK, we have discussed about Ingots, Piloncitos and Barter Rings, those were our Money here in the Philippines while in our infamous Galleon Trade during the Pre-Hispanic era or during before the 1500s. Before we are being discovered by Ferdinand Magellan, so as our History says.  This is Part III of our Philippine Money series, Parts I and II are linked above. Now, let's see what kind of Money we have used during the Hispanic Era, this happens from 1521-1897, after all, a Portuguese Navigator named Ferdinand Magellan discovered our country on March 16, 1521. Macuquinas 1739 Dos Mundos The cobs or macuquinas of colonial mints were the earliest coins brought in by the galleons from Mexico and other Spanish colonies.  These silver coins usually bore a cross on one side and the Spanish royal coat-of-arms on the other. The Spanish dos mundos were circulated extensively not only in the Philippines but the world over from 1732-1772.   Treasu

Part I    Piloncitos This is Part II of our Philippine Money series, and Part I is linked above.  We have started talking about Philippine money and within that list, one of the probably, oldest system of them all is, The Barter Rings. According to the Central Bank of the Philippines, the trade among the early Filipinos and with traders from the neighboring islands was conducted through barter. The inconvenience of barter later led to the use of some objects as medium of exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these objects that included the Piloncitos, small bead-like gold bits considered by the local numismatists as the earliest coin of the ancient Filipinos, and gold barter rings. During the early times of the Galleon Trade or the infamous "Kalakalang Galyon", the earliest Filipinos traded with gold ring-like ingots, very similar to the first coins invented in the Kingdom of Lydia in present day Turkey. These barter r

When we talk about the kind of monetary system in the Philippines, one of probably the oldest kind are the Piloncitos. Piloncitos or also known as Bulawan, are tiny engraved gold coins or weights found in the country from the Archaic period or the pre-Hispanic era. We have taught by our beloved teachers about the Barter during those times. It is the way trade among the early Filipinos and with traders from neighboring islands was conducted. The inconvenience of barter later led to the use of some objects as a medium of exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these objects that included the Piloncitos, small bead-like gold bits considered by the local numismatists as the earliest coin of ancient Filipinos, and gold barter rings. The word is derived from Spanish "Piloncitos", meaning "little weights." Piloncitos is presumably an offshoot of the silver and may have evolved into the bullet or Pod duang coinage of S

A lot of people nowadays wanted to collect something, might it be from a hobby or just plain interest on something. I myself on the other hand, is fond of collecting Coins, among others. I have written this to encourage you to do same, not just so you can be a part of a certain group but to gain something of great value in the future. In an interview with Mr. Rod Gillis, an Education Director for the American Numismatic Association, he says that, "If you are new to Coin collecting, I would like to spend a moment talking to you about, perhaps the most important decision that you're going to make in your collecting career, and that is, HOW TO COLLECT." There really are a lot of people who are fond of collecting Coins, not just in the US, but all around the world. There are people who collects Coins from the places they visit, some are collecting Coins from the year of their birth, some are collecting Coins if they see a certain animal in there or if it is shiny or

You’re looking for an opportunity to have additional profit as you find your day job inadequate for your daily life ;-) Having your own business is quite good and will provide you ample amount of money if you do this right. However, the risk is quite large. Then why not give Coinsph a try ;-) You can register an account here ;-) Coins.ph provides person-to-person wallet transfers, bill payments, mobile top-ups, online shopping, and remittance services. Its cash delivery network covers tens of thousands of banks, pawnshops, payment outlets, and door-to-door delivery across the region. Imagine, just having a Coinsph account will give you access to Money Transfer business, Loading Business and Bills Payment Business all in one. Coins.ph is a financial services platform founded in 2014 by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in Metro Manila, Philippines. As a service running on blockchain technology, Coins.ph uses digital currency as a low cost gatew

When we talk about Philippine Coins, there’s always discussions about commemorative coin issued by The Bangko Sentral ng Pilipinas or Central Bank of the Philippines. For every list, there’s always common, the number one. Talking about the first commemorative coin of the Philippines will bring us way back to Pre 1980’s, particularly the 1940’s, when the first Commemorative Coin was minted. The theme was the liberation of the Philippines from the Japanese by General Douglas MacArthur. After the granting of independence to the Philippines in 1946, no coins were minted for the Philippine Republic until 1958, other than a small silver commemorative issue in 1947 to honor General Douglas MacArthur. Totals of 200,000 50 centavos and 100,000 one-peso coins were minted with the general's image on the obverse and the national coat-of-arms on the reverse. Struck at the San Francisco Mint, they carry the "S" mintmark below the date. This commemorative Silver peso to honor Gen

I have been searching the net trying to look for any information about Philippine coins. This is probably not the grandest info you’ll come across about Philippine coin but still, what the heck! Bangko Sentral ng Pilipinas have issued a lot of commemorative coins for past presidents of the country. If you ever wonder who they are: Emilio Aguinaldo Manuel L. Quezon Sergio Osmeña Manuel Roxas Diosdado Macapagal Ferdinand E. Marcos Corazon C. Aquino Fidel V. Ramos Joseph Ejercito Estrada Gloria Macapagal–Arroyo Commemorative coins may vary in size with the ordinary circulation coins. These coins were minted to honor a specific person or recognize the significance of a place or event that made a mark in the history of Philippines. Most of these commemorative coins are minted from precious metals like gold and silver making them extraordinary and more expensive. Other than circulation coins, the BSP also issues commemorative coins which are also legal tender.

Depending on what one’s have developed a keen interest into, people collects a variety of things. From stamps to keys; vases to flowers; mugs to paintings; oil cans to kitchen tins, I personally am fond of collecting coins. Many people around me have always asked me how much can he sell his coins. A coin can have a significantly impressive amount depending on a lot of things. Rarity is the best factor for your coin to have a great value, another is the age of the coin, it’s significance historically and of course it’s condition. I am writing this article and probably update this from time to time in accordance with research, for the collectors of Philippine coins. The following are coins of the Philippines really worth to collect: 1903s Fifty Centavos 1903 s fifty centavos have it legend to be very rare amongst USPI coins series in all denomination. According to coinquest.com its value could reach up to $1000 in average circulation condition due to its rarity of hav