5 Peso Coin

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New 5 peso coin

Metro Manila (CNN Philippines, December 17) — Pockets and wallets are bound to be heavier with another coin to be used for daily transactions soon.

5 Peso CoinCoin

In the past few years, Filipinos have already experienced numerous changes on the physical features of their currencies. Back in November 29, 2017, a new design of the 5 peso Philippine coin was released by the BSP (Bangko Sentral ng Pilipinas). On one side of the coin, it features the face of “Andres Bonifacio” who was a great Filipino revolutionary leader.

5 Peso Coin Image

The Bangko Sentral ng Pilipinas (BSP) on Tuesday revealed the coin version of the ₱20 bill, which will be rolled out for circulation starting the first quarter of 2020.

The new ₱20 coin will have a gold-colored outer ring and a silver core and will also be the biggest in size.

The coins would still carry the face of former President Manuel Quezon, the second President of the Philippines who led the country during American occupation from 1935 to 1944. On the reverse, the BSP logo, the nilad flower, and the facade of Malacañang — the Presidential residence — can be seen.

An initial 500,000 pieces will be released in time for Christmas, BSP Senior Assistant Governor for the Currency Management Sector Dahlia Luna said in a media briefing — in time for the traditional aguinaldo or cash gift-giving.

The BSP first revealed plans to convert the orange ₱20 bill into a coin back in July. Governor Benjamin Diokno said the move came from a study conducted by the University of the Philippines, which recommended the shift from paper to metal coins for durability.

The ₱20 bills are easily spoiled and is the fastest to be returned to the BSP for replacement, being the most used denomination. Producing coins are said to be more costly — ₱10 versus ₱2 apiece for bills, but coins last longer.

  • Jan 24, 2021 One of the most popular vintage Mexican coin designs, this 2-year-type coin features a stylized depiction of the last Aztec emperor, giving a distinctly Mesoamerican appearance to this crown-sized Silver coin.
  • Old BSP 5 peso Coin with Errors for Sale. 0 bids Ending Monday at 9:07PM PHT 1d 15h. 5 PESO DOUBLE DIE ERROR RARE PHIL.COINS. PHP 150.00 shipping. 1909-S Philippine Peso PCGS AU58. PHP 100.00 shipping. DOUBLED DIE ERROR 1 PISO 2018.
  • The mintage for these standard 5 Pesos coins was reduced to nearly a tenth of the normal years, making them more difficult to find and usually more expensive than the commemorative coins of the same years. Varieties exist: Obverse: Larger vs. Smaller design features, the thickness of the font. Manage my collection.
  • The Philippine five-peso coin (₱5) is the third-largest denomination of the coins of the Philippine 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 the nonagonal (9-sided shape) version since 2019.

Currently, the ₱20 bill is the lowest denomination among banknotes. The central bank previously converted the brown ₱10 bills into coins. Luna said this banknote will only be printed until 2021 and will eventually be removed from circulation as the coins are used.

'Enhanced' ₱5 coins

Meanwhile, the central bank also revealed the updated look for the ₱5 coin to make it distinct from other values.

Luna said the new ₱5 coin will have nine sides to make it easier to set apart, but will remain silver in color. Two million pieces of the upgraded ₱5 coin will be released as early as Thursdayay, she added.

The central bank released the New Generation Currency coin series in March 2018 which features an all-silver lineup for the 1-centavo, 5-centavo, 25-centavo, 1-peso, 5-peso, and 10-peso coins. What sets each coin apart is the hero on the face and the endemic plant or flower embossed on the reverse.

These nickel-plated steel coins are said to be more durable than the 1995 design, but are relatively smaller and lighter. Many Filipinos have complained about getting confused between the ₱1 and ₱5 coins as they look very similar in terms of size and color.

The central bank has the sole power to print and circulate cash used in the Philippines, which is all done at the BSP’s Security Plant Complex along East Avenue in Quezon City. The facility is set to be transferred to the New Clark City in Capas, Tarlac.

CNN Philippines' Sandra Zialcita contributed to this report.

Metro Manila (CNN Philippines, October 14) — Consumers who are still confused with the all-silver coins released by the Bangko Sentral ng Pilipinas (BSP) will soon have a respite, with a distinct look for the five-peso denomination being planned.

In a statement, the central bank announced that it will be releasing an 'enhanced' version of the ₱5 coin, which will 'make it more distinct from other denominations.'

New 5 Peso Coin

'The changes were based on studies on the design, security features, and specifications of the new coins,' the BSP said in a statement on Monday.

In March 2018, the central bank started releasing the New Generation Currency coin series which features an all-silver lineup for the 1-centavo, 5-centavo, 25-centavo, 1-peso, 5-peso, and 10-peso coins. What sets each coin apart is the hero on the face and the endemic plant or flower embossed on the reverse.

The silver ₱5 coin carries Andres Bonifacio, versus its golden predecessor which had the face of former President Emilio Aguinaldo.

The new nickel-plated steel coins are said to be more durable than the 1995 design, but are relatively smaller and lighter. Many Filipinos have complained about getting confused between the ₱1 and ₱5 coins. This forced the BSP to issue guidelines on how to set them apart by feeling the ridges of the one-peso and the smooth edges of the five-peso coin.

Peso

The BSP is yet to release photos of the new look of the ₱5 denomination.

READ: BSP to transfer money printing facility to Clark

5 Peso Coin Size

Meanwhile, the central bank said it will launch the new ₱20 coin by December, ahead of its 2020 rollout. The BSP decided to shift the bill into a coin following a study conducted by the University of the Philippines showing that it is the most used denomination in the country, making it the fastest to be dirtied or ripped. The central bank said converting the ₱20 into a coin is 'most efficient' for currency production.

5 Peso Coin

Philippine Peso Coin

'Once circulated, the new 20-Piso coin shall co-exist with the 20-Piso NGC banknotes as legal tender. The 20-Piso banknote shall be gradually removed from circulation through natural attrition,' the BSP said.

Mexican 5 Peso Coin Value

In July, BSP Governor Benjamin Diokno told CNN Philippines that Manuel Quezon, the second President of the Philippines, will remain as the face of the ₱20 coin version.

5 Peso Coin Mexico 2014 Value

Currently, the orange ₱20 bill is the lowest denomination among banknotes. The central bank previously converted the brown ₱10 bills into coins.