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Philippine five-peso coin

From Wikipedia, the free encyclopedia
Philippine coin
Five pesos
Philippines
Value5.00Philippine pesos
Mass7.4 g
Diameter25 mm
Thickness2.20 mm
EdgePlain (original version: 2017–2019)
Plain/Nonagonal (9-sided shape): 2019–present)
CompositionNickel (1975–1982)
Nickel-brass (1991–2017)
Nickel-plated steel (2017–present)
Years of minting1975–1982
1991–present
Obverse
DesignPortrait ofAndrés Bonifacio, Year Mark
Design date2019
Reverse
DesignTayabak, Logo of theBangko Sentral ng Pilipinas
Design date2019

ThePhilippine five-peso coin (₱5) is the third-largestdenomination of the coins of thePhilippine peso.

Three versions of the coin are in circulation, the version from the BSP Series which was issued from 1995 to 2017, the original round coin from the New Generation Currency Coin Series issued from 2017 to 2019 and thenonagonal (9-sided shape) version since 2019. The original and updated versions from the NGC series are measured at 25 mm (0.98 in) in diameter and feature a portrait of Filipino revolutionary leaderAndrés Bonifacio on the obverse. The reverse side depicts theTayabak, a type of Philippine vine and the current logo of theBangko Sentral ng Pilipinas.

Firstly, the five peso coin was produced in conjunction along with thefive peso note, which commenced from the year 1975 to 1982 and again from April 1, 1991 until production for its banknote version became obsolete when theBangko Sentral ng Pilipinas (BSP) stopped printing the banknotes upon the introduction of the coin's BSP Series version on June 1995 due to the note's fasterwear and tear from everyday use.[1]

History

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Independence

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Ang Bagong Lipunan Series

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From 1975 to 1982, a five-peso coin was introduced by theBangko Sentral ng Pilipinas (BSP) in line with the new 'Ang Bagong Lipunan' series issued in commemoration ofFedinand Marcos' declaration of Martial Law. The obverse bears the inscription 'Ang Bagong Lipunan,' year of minting, and a profile of Marcos, who was the president throughout the circulation of the coins, faced to the left. Marcos himself approved the coins with his own face. The denomination, the inscription 'Republika ng Pilipinas' and its officialcoat of arms, are all on the reverse. This coin rarely circulated due to its large size and since it coexisted with the2-peso and5-peso notes.

Flora and Fauna Series

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From 1991 to 1994, a new five-peso coin was issued. The obverse now features the inscription 'Republika ng Pilipinas' and a profile ofEmilio Aguinaldo, aFilipino revolutionary, politician, and a military leader officially recognized as the firstpresident of the Philippines, now faced to the right. An enlarged denomination and an image of the fruit of thePterocarpus indicus or narra tree, the official national tree of the Philippines, are all on the reverse.

BSP Coin Series

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Issued in June 1995, the BSP Coin Series version of the coin features the enlarged denomination on the obverse, while the inscription 'Bangko Sentral ng Pilipinas' and its official seal are all on the reverse. The reed on its edge was also removed. The name is narrower from 1995 to 1998 and wider from 1999 to 2017. It was released to replace the BSP Seriesfive peso banknote with the 1993 logo that was only in production for 2 years from July 1993 to the said month of 1995.

New Generation Currency Coin Series

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Issued on November 30, 2017, on the 154th birth anniversary ofAndrés Bonifacio, the new five-peso coin was released ahead of the other denominations of the new currency series. It has been given new features to prevent counterfeiting. The obverse features Filipino revolutionary leader Andrés Bonifacio, and the reverse depicts atayabak (Strongylodon macrobotrys), a type of Filipino vine.[2] Each individual coin weighs 7.4 grams (0.26 oz), has a diameter of 25 millimeters (0.98 in), and has a smooth edge without ridges. The coin's design was criticized for being too similar to the₱1 coin, since they are both colored silver, circular, and nearly the same size.[3] However, it was also praised for inputting national heroAndrés Bonifacio and replacingEmilio Aguinaldo, who ordered Bonifacio's execution during thePhilippine Revolution.[4]

In September 2019, then-BSP GovernorBenjamin Diokno announced that due to the confusion between the ₱5 coin and the₱1 coin, a new "enhanced" ₱5 coin would be released in December 2019. It was initially described as being scallop-edged[5] but a later report on November 29, 2019 showed it as nonagon-shaped, with the rim being scalloped in the inside.[6]

Version history

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Ang Bagong Lipunan Series
(1975–1982)
Flora and Fauna Series
(1991–1994)
BSP Coin Series
(1995–2017)
New Generation Currency Coin Series
(2017–present)
Obverse
Reverse

Commemorative coins

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On December 19, 2014, theBangko Sentral ng Pilipinas (BSP) published an announcement that three new limited edition commemorative coins is to be circulated, which was then released three days later. This includes the Bagong Bayani Commemorative Coin and the 70th anniversary Leyte Landing commemorative five-peso coin.[7]

  • The Bagong Bayani 5-peso circulating commemorative coin in honor of Overseas Filipinos.
    The Bagong Bayani 5-peso circulating commemorative coin in honor ofOverseas Filipinos.
  • The Leyte Landing which was a turning point for the liberation of the Philippines during World War Two on a five-peso commemorative coin.
    The Leyte Landing which was a turning point for the liberation of the Philippines during World War Two on a five-peso commemorative coin.

See also

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References

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  1. ^"Philippine Money and Currency - PESO Bills and Coins". Philippinecountry.com.
  2. ^"LOOK: BSP unveils updated 5-peso coins". CNN Philippines. 29 November 2017. Archived fromthe original on 16 February 2019. Retrieved30 November 2017.
  3. ^Cabico, Gaea Katreena (28 December 2017)."BSP: New ₱5 coin designed by 'two expert committees'".The Philippine Star. Retrieved28 December 2017.
  4. ^"Andres Bonifacio replaces Emilio Aguinaldo in new 5-peso coin design". 30 November 2017.
  5. ^Lucas, Daxim L. (15 October 2019)."BSP to launch in December new P20 coin to replace banknote".Philippine Daily Inquirer. Retrieved15 October 2019.
  6. ^Yang, Angelica Y. (29 November 2019)."BSP releases new design for 5-peso coin, introduces 20-peso coin".GMA. Retrieved11 December 2019.
  7. ^Pinoy Numismatist Network (20 December 2014)."2014 Commemorative Coins". Retrieved20 December 2014.
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