Philippine Coins: 5 PISO Ang Bagong Lipunan Series
In 1975, 3 years after the declaration of Martial Law by President Ferdinand Marcos, the Philippine coinage would once again be changed. This series is called “Ang Bagong Lipunan” (The New Society) or ABL series. This replaced the Pilipino series coins and was created to commemorate a new government.
This series is divided into 2 periods, 1975 to 1978, and 1979 to 1982. The 50 Sentimo was not included in this series and a new, 5 PISO, denomination was added. I will show you the differences between the coins of each period.
Featured here is the 5 PISO coin.
Weight: 22 g
Diameter: 36.5 mm
The 5 PISO is different among all the other coins of this series because of the following reasons:
- The bust of then President Ferdinand E. Marcos is featured on the coin. This is the only time a Philippine circulation coin featured a living person.
- The date SETYEMBRE 21, 1972 (September 21, 1972) is the date that President Marcos declared Martial Law.
- None of the 5 PISO coins were minted locally. All came from Canada and the US.
- All 5 PISO coins of this series are pure nickel.
- Most of the coins in 1975 and 1982 are from the Sherrit Mint in Canada. All look exactly the same except for the year mark on the obverse. All coins from the Sherrit Mint, dated 1982, used the 1975 reverse die. Because of this, the banner on the reverse still reads, “REPUBLIKA NG PILIPINAS” instead of, “ISANG BANSA ISANG DIWA.”
- All coins dated 1976 to 1981 are proof coins from the Franklin Mint in the US and were minted in limited numbers. All feature the FM mint mark on the reverse. The Franklin Mint also made proof coins dated 1975 and 1982 all with the FM mint mark on the reverse.
- All coins dated 1979 to 1982 with “ISANG BANSA ISANG DIWA” on the banner at the reverse side, all came from the Franklin Mint. These are quite hard to come by and are quite expensive.
This coin was planned to be a regular circulation coin. However, it only saw limited use because of its rather large size and because of the declining popularity of President Marcos whose bust is featured on the coin.
Allegedly, all coins from the Franklin Mint contain silver. This has not been proven to be true and all collectors I know do not believe these coins contain silver.
I don’t own any coins from the Franklin Mint. What I do own are coins dated 1975 and 1982 from the Sherrit Mint. I don’t yet own a coin with “ISANG BANSA ISANG DIWA” on the reverse. Last time I checked, the uncirculated (UNC) grade, Franklin Mint coins go for 350 Pesos each. Price is reasonable, but still too high for me. I would probably be ok if the price is 100 Pesos or lower.
This coin is no longer legal tender. It is readily available from all local coin dealers for a reasonable price. The coins I have came from my grandmother. She gave them to me way back in the early 90’s when I was still in grade school.