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Thread: Philippines coins and banknotes
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5th January 2017 #1
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Forty years ago this set of proof coins was issued. As with the previous issues the coins bore the Martial Law slogan " Ang Bagong Lipunan ". Less than 5,000 sets were sold - a very low number compared to over 36,000 in 1975, which together with the P25 and P50 coins being silver, has markedly increased its present day value. The sets were originally sold for today’s equivalent of U.S. $70.
While the lower denomination coins are the same as in the previous sets, the P25 coin featured the 2,000-year-old Banawe/Banaue rice terraces, carved into the mountains of Ifugao by ancestors of the indigenous people, around 1500 metres (5000 ft) above sea level, in north Luzon.
The P50 coin commemorates the the Central Bank Security Printing Plant in Quezon City, formally inaugurated by President Marcos in the following year. It also shows two early Philippine coins ( from around 1903 ), with the standing female figure of Liberty ( Libertas being a Roman goddess, depicted on many coins worldwide ), and a Filipino man kneeling against an anvil ( an allegory for hard work done by Filipinos in building their future ). Mount Mayon volcano is on both.
The Printing Plant is close to the Philippine Heart Center, which had been inaugurated two years earlier.
This is my photo from the Center almost 40 years ago :-
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