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. And the reason why the BSP had chosen him, it was to commemorate his 154th birthday. The obverse of the coin bears the usual marking “Republika ng Pilipinas” which is also found in many other coins. Also, it includes is his name which is probably to help Filipinos easily distinguish who’s the image on the 5 peso coin.
At the opposite side of the coin, it features an image of a plant. This is a Philippine type of plant called, “Tayabak”. On its right side is the BSP logo.
You may find it very surprising that the design of this 5 peso coin took seven years in the making. It was designed by the NGC (New Generation Currency) Coin Series where they started designing it since 2010.
Designed to Prevent Forgery
In the past, there were few issues about forgery with the Philippine coins. This is an illegal act of counterfeiting coins or producing fake version of the coins that the difference can be even hardly spotted by the naked eyes.
Previous designs of the Philippine coins were actually too simple. This is the reason why NGC had to spend seven years with the design of the new 5 peso coin to ensure the prevention of forgery.
Base on how I see it, the NGC did a great job with the artistic design.
Apart from the design, is the material used. Unlike all other previous coins, these new 5 peso Philippine coins do possess resistance against corrosion. This means that they won’t rust, get deformed, and the inscriptions won’t easily get tampered or erased. This sounds like good to all coin collectors out there.
Comparison to Other Peso Coins
In comparison to the most recent 5 peso version that got replaced, the one featured on this coin was “General Emilio Aguinaldo” with a huge BSP logo at its other side. What makes it interesting and very distinguishable from all other coins is its yellow-gold hue color. It is also quite thick and heavy.
There is really no issue with the previous 5 peso coin but with the current 1 peso coin. The new 5 peso do really look a lot like the 1 peso coin due to their close similarity in color which is silver and so as the size.
Anyone, particularly someone who is in a rush will most likely be mistaken handing their 5 peso coin as a one peso coin for payment.
According to BSP, differentiating the 5 peso coin from the 1 peso can be easily done through its weight, thickness, and just slightly larger size. The 5 peso coin weigh 7.5 grams while the 1 peso coin weigh 6 grams. As for the size, the one peso coin is only smaller by 1 millimeter. To me, these differences are pretty small to take notice especially when you are in a hurry to pay.
The color even adds up more to the issue which is silver and nickel-plated similar to the materials used in the one peso coin.
The new 5 peso coins are now officially released by BSP for public use and there is no longer we can do to make suggestions for some necessary changes.
Anyway, BSP believes that time will solve the issue stated above.
Filipino should give it a chance to utilize the coin where they might become more familiar to them. Thus, let’s just hope that this will going to be the outcome.
If these coins happens to become a failure, I will no longer be surprised if it ends up being short-lived before BSP calls for a new design. Some coin collectors do actually have this insight the reason why they started hoarding their own 5 peso coin of this version for their collections.
How about you? What are your thoughts about these new 5 peso Philippine coins?