New 5 Peso Coin issued by Bangko Sentral ng Pilipinas

Happy New Year to all !

I got a new Php 5.00 commemortive Php 5.00 coin issued by Bangko Sentral ng Pilipinas ( BSP) This will make numismatics around the world busy for a while.

This is to commemorate the 154th birthday of Andres Bonifacio and 120th anniversary of his death last November 2017.

The new design  was released by December 2017  under the New Generation Currency (NGC) Coin Series  with the rest of the denominations scheduled for next year.

5 peso commemorative coin

The obverse of the 7.5 gram coin bears the inscription, “Republika ng Pilipinas” and the name and profile of the Father of the Philippine Revolution.  The reverse of the coin features a Philippine plant called  (Strongylodon macrobotrys )commonly known as jade vine, emerald vine or turquoise jade vine with local name “Tayabak” with BSP logo. Aside from its fresh design, the coins boast of “corrosion resistance” abilities and were reportedly enhanced to prevent forgery.

At first glance the coin seems as big as the ordinary Php 1.00 coin and this looks very confusing. This will take a while for the ordinary public can get use to this coin.

It seems that the coins that BSP had been issuing are getting smaller and smaller as time passes by.

But holding the coins, there are some unique design features which a blind person can clearly distinguished.

Bangko Sentral ng Pilipinas issued a commemorative 150th Andres Bonifacio’s Ten Peso coin

Bangko Sentral ng Pilipinas ( BSP)

 150th Andres Bonifacio Php 10.00 commemorative coin-

The Central Bank of the Philippines issued a coin commemorating the 150th anniversary of the birth of Andres Bonifacio was issued Tuesday by the Bangko Sentral ng Pilipinas.

Bonifacio’s face on the obverse (front side) of the coin is accompanied by the words “Republika ng Pilipinas 2013“, while the reverse side of the coin carries Bonifacio’s signature, an image of the Bonifacio monument, and the words “Dangal at Kabayanihan.”

Features

a. Designs:
– Obverse: Portrait of Andres Bonifacio with the following markings:
“10 Piso”, “REPUBLIKA NG PILIPINAS”, and Yearmark “2013”
– Reverse: New Seal of the BSP with the following markings: “150 Years”, “1863-2013”, “Signature of Andres Bonifacio”, “DANGAL AT KABAYANIHAN,” and the Bonifacio Monument

b. Denomination / Face Value: 10-Piso

c. Specifications:
– Material: Existing 10-Piso coin blanks (bi-metal)
– Metallic Composition and Color:
a) Ring – 75% Cu, 25% Ni / Grayish White
b) Core – 92% Cu, 6% Al, 2% Ni / Yellow
– Shape: Round
– Weight: 8.70 grams
– Diameter: 26.50 millimeters
– Edge: Milled

d. Mintage (quantity): 10 million pieces, of which 20,000 pieces will be packed Brilliant Uncirculated coins

The issuance of the coin was recommended by the Monetary Board and approved by the Office of the President.

The regular P10 coin features the heads of Bonifacio and Apolinario Mabini. Mabini’s own sesquicentennial will be celebrated next year.

The circulation of the Bonifacio commemorative coin will “highlight the nationwide celebration” of one of the Philippines’ greatest heroes, the BSP said in a statement.

Links:

Bangko Sentral ng Pilipinas: http://www.bsp.gov.ph/

 

8 Basic Facts and Details on the New 20 Pesos Coin

Bangko Sentral ng Pilipinas  or BSP had unveils new set of New Generation coin for 2020.

The new set of coins will be available starting first quarter of 2020, Some of the features had improved because of some confusion brought by the new coins in circulation. Some of them were almost the same size with the old coins.

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Basic Facts and Details

1.) The P20 coin takes the place of P10 as the highest denomination in the central bank’s New Generation Currency coin series.

2.) It retains most of the elements from the banknote version, with the face of Commonwealth-era President Manuel L. Quezon on the coin’s front side.

3.) The P20 coin also features the design of the Nilad, (Scyphiphora hydrophyllacea) a mangrove tree in which the name of Manila is believed to have come from. This is in accordance with the designs of the coin series that displays native flora on the reverse side.

4.) The reverse side features the logo of the BSP and the Malacañan Palace, the country’s seat of power.

5.) The new coin also has microprint and an identifiable edge that make it difficult for counterfeiters to replicate.

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6.) It would cost Php 10 for BSP to mint for the new Php 20 coin compared to just Php 2.00 for the banknote.

7.) It would take between 10 to 15 years before the Php 20 coin be worn out compared to banknotes, which takes between 3 to 6 months for the banknote to get worn out.

8.) It also cited a research study conducted by the University of the Philippines which revealed that P20 is the “most-used denomination for payments across the country,” according to BSP authority.

Faceless 50 pesos bill

There was a lot of media buzz and the hype about faceless Philippine peso bills in circulation that were posted by netizens in social media sites like Facebook, twitter. The story gradually caught some attention by local media like ABS-CBN channel 2 and GMA channel 7.

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Php 50 pesos bill without face ( photo from the author- owner Mr. Dojie Lutera)

Mr. Dojie Lutera (a philatelist and numismatic collector) had shown us some crispy Php 50.00 peso bill he withdrawn from automated teller machine ( atm).  There is no President Sergio Osmena face in the bill.

Faceless Bill or Error in Printing

Some people thinks that his paper bill looks counterfeit, since there was a missing feature in the paper bill. BUT for long time collectors, This is a highly collectible item. During the printing, manufacturing and production process, there are cases where machine errors caused rare misprints. ( during the sorting process, the sorter might have overlooked on the paper bills)

Bangko Sentral ng Pilipinas printed millions of banknotes every day. Since this is highly collectible, the owner of this Php 50 peso bill will just keep this one for himself.

For those who might encounter faceless paper bills in the future, Do not attempt to fold the paper bill, Just keep it in a flat area and avoid holding them with bare hands.

Bangko Sentral ng Pilipinas advises the general public to surrender these banknotes if they have encountered one. BUT for collectors, They will keep this since it is rare and a collectible item.

 

 

 

Highlights of the ASEANPEX 2017

ASEANPEX 2017 had about 400 exhibit frames of non-competing stamp collection . The exhibition is dubbed ASEANPEX 2017 which featured ASEAN member countries that were displayed at Hall #1 SMX Convention Center in Pasay City.

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Highlights

The opening highlights includes a traditional bagobo and tiboli cultural dances by world reknown Bayanihan Dance Company and a ceremonial practice of blowing the conch shell dates back to the ancient times.

The opening started at about past 9:30 am with hundreds of PHLPOST employees, students, stamp collectors, international guests in attendance.

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After the brief ribbon cutting together with several ambassadors from Singapore H.E. Kok Li Peng, H.E. Thanatip Upatising of Thailand, H.E. Mr.  U Win Naing of Myanmar and India . There was another small cultural performance at the stage area.

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This year’s organizing committee includes PHLPOST, Post Shop, Philately and Museum Division, Business Lines Department with several government department having booths at the site.

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Mr. Dennis Dy Kho , Mr. Rodrigo Ong and Mr. Isidro Tan were among the local stamp collectors in attendance

The exhibition was sponsored by SM Investment CorporationFilmetricsMama Sita’s Foundation with the active support from Philippine Philatelic Federation, local stamp collecting clubs.

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Cultural show includes cultural performance by the world famous Bayanihan Dance Company, Meet and Greet with PHLPOST Living Legends, Talks and Activity on Philately, Stamp Launchings, ASEAN Cosplay among others.

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Filipino Olympians ( silver medalists) , Manny Pacquiao, Miss World 2013 Megan Young, Miss Universe 1969, 1973 and 2015 were among famous Filipino living legends that was featured in local Philippine stamps. It is quite rare of a living person to be featured in local stamps.

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Mr. Willard Cheng ( ABS-CBN channel 2 reporter and correspondent ) a stamp ambassador was also one of the invited guests during the occasion. Former president Fidel Valdez Ramos also went to the exhibition late afternoon of November 4 and shared his personal stories of his stamp collection.

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There were some stamp printer. one such booth is from The Netherlands. At some point especially in the late 1960’s and 1970’s, Some of the Philippine stamps were printed in that country.

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Bangko Sentral ng Pilipinas also got a booth at the ASEANPEX 2017. This makes the coin and paper bill collectors happy since some of them were not able to purchase the POPE Francis commemorative online.

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We bought some limited commemorative stamp ( King Bhumibol Adulyadei cremation ) from Thai POST and we also took time buying some Elvis Presley Sheet from an international dealer selling them at Php 50.00 per sheet.

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We also queue in line for some limited commemorative stamps from PHLPOST. Just like the previous ASEANPEX 1996. There was no entrance fees and one can roam around with hall 1 of SMX Convention Center for the whole day and enjoy the event.

I saw Philip Reyes, Crispulo Verbo Arquero, Dennis Dy Kho, Isidro Tan, Reynaldo Ong de Jesus, Josefina Cura, Alfonso Cruz, YPS members among others.

What is commendable are the local stamp exhibits from serious stamp collectors who shared their collections of technical knowledge thru the years or decades of collecting.