Philippine five-peso coin

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Five pesos
Philippines
Value5.00 Philippine pesos
Mass7.4 g
Diameter25 mm
Thickness2.20 mm
EdgePlain (original version: 2017-2019)
Plain/Nonagonal (9-sided shape): 2019-present)
CompositionNickel-plated steel
Years of minting1975–1982
1991–present
Obverse
5 Peso Coin (Nontagon Shape) Philippines Font.png
DesignPortrait of Andrés Bonifacio, Year Mark
Design date2019
Reverse
5 Peso Coin (Nontagon Shape) Philippines Back.png
DesignTayabak, Logo of the Bangko Sentral ng Pilipinas
Design date2019

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. 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 leader Andrés Bonifacio on the obverse. The reverse side depicts the Tayabak, a type of Philippine vine and the current logo of the Bangko Sentral ng Pilipinas.

Firstly, the five peso coin was produced in conjunction along with the five peso note, which commenced from the year 1975 to 1982 and again in 1991 to 1996. However, production for the five peso note became obsolete when the Bangko Sentral ng Pilipinas (BSP) stopped printing the banknotes in 1996 (as the last printing year of the banknote was stamped in 1995).[1]

History[edit]

Independence[edit]

Ang Bagong Lipunan Series[edit]

From 1975 to 1982, a five peso coin was introduced by the Bangko Sentral ng Pilipinas in line with the new 'Ang Bagong Lipunan' series issued in commemoration of Fedinand Marcos' declaration of Martial Law. The obverse bears the inscription 'Ang Bagong Lipunan,' year of minting, and a profile of the late President Ferdinand 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 official coat of arms, are all on the reverse. This coin rarely circulated due to its large size and since it coexisted with the 2-peso and 5-peso notes.

Flora and Fauna Series[edit]

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

BSP Coin Series[edit]

Issued in 1995, the current version of the coin now 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.

New Generation Currency Coin Series[edit]

Issued on November 30, 2017, on both the 120th anniversary of the death and 154th birthday of Andrés 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 a tayabak, a type of Filipino vine.[2] Each individual coin weighs 7.4 grams (0.26 oz), has a diameter of 25 millimetres (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 colour silver, circular, and nearly the same size.[3] However, it was also praised for inputting national hero Andrés Bonifacio and replacing Emilio Aguinaldo, who ordered Bonifacio's execution during the Philippine Revolution.[4]

In September 2019, Benjamin Diokno, the current BSP Governor, 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 29 November 2019 showed it as nonagon-shaped, with the rim being scalloped in the inside.[6]

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
1975phil5pisoobv.jpg
1993phil5pisoobv.jpg
2005phil05pisoobv.jpg
PhilippinesNewGen5PesoObverse.png
5 Peso Coin (Nontagon Shape) Philippines Font.png
Reverse
1975phil5pisorev.jpg
1993phil5pisorev.jpg
2005phil05pisorev.jpg
PhilippinesNewGen5PesoReverse.png
5 Peso Coin (Nontagon Shape) Philippines Back.png

Commemorative coins[edit]

On December 19, 2014, the Bangko Sentral ng Pilipinas (BSP) published an announcement that three new limited edition commemorative coins is to be circulated, which was then released on Monday, 22 December 2014. This includes the Bagong Bayani Commemorative Coin and the 70th anniversary Leyte Landing commemorative five-peso coin.[7]

See also[edit]

References[edit]

  1. ^ "Philippine Money and Currency - PESO Bills and Coins". Philippinecountry.com.
  2. ^ "LOOK: BSP unveils updated 5-peso coins". CNN Philippines. 29 November 2017. Retrieved 30 November 2017.
  3. ^ Cabico, Gaea Katreena (28 December 2017). "BSP: New ₱5 coin designed by 'two expert committees'". The Philippine Star. Retrieved 28 December 2017.
  4. ^ https://www.wheninmanila.com/andres-bonifacio-replaces-emilio-aguinaldo-in-new-5-peso-coin-design/
  5. ^ Lucas, Daxim L. (15 October 2019). "BSP to launch in December new P20 coin to replace banknote". Philippine Daily Inquirer. Retrieved 15 October 2019.
  6. ^ Yang, Angelica Y. (29 November 2019). "BSP releases new design for 5-peso coin, introduces 20-peso coin". GMA. Retrieved 11 December 2019.
  7. ^ Pinoy Numismatist Network (20 December 2014). "2014 Commemorative Coins". Retrieved 20 December 2014.