Gold in 1972 Piso Coin

It has always been rumored that the old 1 Piso coin, like the one below, has precious metals. From what I heard, it contains some amount of silver and, in some cases, white gold. The origin of the rumor is unknown, but what strikes me is that quite a handful of people believe this to be true.

1972_philippines_pilipino_series_coins_1P_Front_Close_wtm

In my mind, I never really believed that these coins had precious metals in them, but it was worth giving the benefit of the doubt. What almost convinced me was the idea that all old coins do contain some amount of silver or gold or whatever precious metals that were sought after. Though it is true that in the early days coins were made from precious metals which signified that the coin had actual value and this value was intrinsic, not all Philippine coins were made from precious metals, certainly not the modern ones.

1972_philippines_pilipino_series_coins_1P_Back_Close_wtm

In the Philippines, coins from 1958 up to the present no longer contain any precious metals, but that did not stop the rumor that this particular coin does contain some precious metals.

I remember a ring maker in the streets of Baguio city selling rings allegedly made from these PISO coins. If I remember correctly, he buys these coins for Php 30 each and sells rings for about Php 100 each. They were really shiny and have that yellowish tinge. His sign read, “White gold rings from old coins”. I don’t know how many people were gullible enough to believe him.

Maybe its that yellowish tinge that makes people believe that its gold or white gold. Another idea that may have convinced people to believe is that the coins do not tarnish, or it can also be because someone who knows a friend of a friend’s cousin, who knows someone who knows the friend of the janitor’s wife, who happens to work the grounds of Bangko Sentral, who claims that her husband knows someone who knows the formula of the metal in the coins, said so. That’s just my take on how the rumor started. By the way, the coins do not tarnish because of its metallic composition – copper, nickel, and zinc.

These coins do not have any precious metal content simply because Bangko Sentral never issued coins with precious metal content. Below statement is from Bangko Sentral’s publication on coins and banknotes dated March 2015.

“All the coins issued by then Central Bank of the Philippines and the Bangko Sentral ng Pilipinas do not contain precious metals particularly, silver and gold. Moreover, the value of the metallic contents of the BSP coins is determined by world market prices of metals.” – Page 5, Item #20, Banknotes and Coins March 2015

Still in doubt? Have a metallurgist examine the coin. It could be expensive, but that might finally bring the rumor to rest. Anyone willing to sponsor a metallurgical test?

Enjoy!

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~ by MAV on July 23, 2015.

52 Responses to “Gold in 1972 Piso Coin”

  1. i have 2 coins 1 piso cons 1972 and 1 coin of 50 centavos year 1950s

  2. i have 12 coin ….. and i want to sell it where could i sell????

  3. Meron po ako madami banknotes bagong lipunan 100, 20 ,5 10, ,2 pesos kng bibili po kayo tawagan niyo po ako sa number na ito 09236798964 …at meron din ako old coin 1971 na 50pcs at 1972, 30pcs

  4. i have 500 pcs of old coin 1972 and 1974 …

  5. i have 8 1972 coins and 7 1974 coins

  6. meron ako 1972 at 1974 coins.. text me 09461686956, tnx

  7. meron akong maraming coins foriegn and local see my f.b.lovan tisoy@yahoo.com

  8. I have 100pcs of old coin 1972

  9. meron aq 1972 coins..txt me 09154874848

  10. I have 20 pcs of 1972 coins, text me at 09155402398

  11. i have 20 pcs. old piso coin 1972 & 1974

  12. meron po ako 100 pcs na 1972 peso coins interested buyers pls contact me at my number 09282105569 thank you.

  13. Where to sell Philippine peso old coin 1972 and what is the value? I have 105 pcs of 1972 one piso coin.

  14. Magkano bili nyo ng old coins 1972&1974 one piso I have 200 PCs.pls.contact me 09752824550

  15. meron po ako isang piraso na 1 peso coin na si jose rizal .. cnu po interesado !1972

  16. ano po ba meron sa coins ni doctor jose rizal na 1972 confused lang poh ako talaga at may halaga pa po ba ngayon ito..tnx po

  17. Anyone interested in buying philippine old coins, please email me at mfrancisco0886@gmail.com or text /call me at 09955732728

  18. l have 1972 old coins 1972 15pcs
    jose rizal cagayan de oro

  19. meron din ako..visayas area,,negros oriental..1972 coin

  20. paki email lang po..kong saan ko to i sell

  21. I have 1972 and 1974 coins!

  22. I have coins 2pcs of 1972 and 1pcs of 1974

  23. i have 1 coins 1 piso coins 1972 and 1 piso 1974 coins

  24. i have a 1972,1peso coin phillipine money its head of dr.jose rizal for interested call this number 09462060008,thank u

  25. meron ako nito 70 pcs lng , text me 09091781771

  26. i have 10pcs 1972 1peso philippine coin here. for interested contact me at 09208106211

  27. meron po ako 1972 at 1974

  28. Meron poh ako one sentavo 1918 cno poh interesado pm me sa email ko devil_jhay06@yahoo.com

  29. sir I have 100 pcs coin in 1972 I want to sell it…where could I sell???

  30. I have also 1972 piso coin.

  31. magkano po bil niyo sa old coins 1972 and 1974?

  32. i have 100 pcs 1972 peso coin 100 pcs. txt me 09179272195 or email mav1964@gmail.com. ty

  33. meron poh akong 1972 coins 1piso,,jose rizal,at my 3 star sa likod,,I want to sell it.,,this is my #09503950428

  34. 1 piso 1972

  35. 1 piso 1972 magkano un?

  36. 10 yn japanese coins meron ako
    2 pcs

  37. 10 thailan coins 1 pcs pm nyopo ako

  38. 1 pcs 1 piso 1972 merom po ako pm lang at kong magkano.

  39. Helo meron ako 1971 1972 1965 na 50 cent number q 09433017918

  40. i have 2 pcs coin of piso year 1972

  41. I have 3 1972 peso coin

  42. I have 3pcs of 1972 peso coin i want to sell it this is my number #09499657978

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