New Commemorative Coins from BSP

•September 24, 2017 • Leave a Comment

Just sharing new commemorative coins from BSP. These came out a while back and I’m sure most are already aware of the existence of these coins since they are being sold online. I do apologize for being late in posting about these coins, but as of this date I do not yet own any of these new coins. What I will be sharing is the image of the coins courtesy of BSP and the links directing to BSP’s official website regarding the release of these coins.

1 Piso ASEAN Commemorative coin
More info here.

The ASEAN coin was released January 2017 and was officially unveiled by President Duterte in Davao City.

The following coins were released to commemorate birthdays of prominent figures in Philippine history.

1Piso Reverend Horacio dela Costa 100th birth anniverary.

1 PISO General Isidro Torres 150th birth anniversary

1 PISO General Artemio Ricarte 150th birth anniversary

Info on the coins above can be found here. Though the media release date of BSP for these coins was August 2017, you will notice that the coins are dated 2016.

All coins are legal tender and have been circulated.

Enjoy!

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Philippine Banknotes: New Generation Currency Gallery (2010-present)

•December 20, 2016 • 1 Comment

New Generation Currency

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Enjoy!

Philippine Banknotes: Overprint Gallery

•December 20, 2016 • Leave a Comment

Overprint

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How much is my coin worth?

•November 8, 2016 • Leave a Comment

I often receive private messages asking how much their coin is worth. Sometimes I even get asked how much I am willing to pay for this type of coin or banknote. Determining the price of a collectible coin or banknotes is not a fixed formula. My usual answer is, “It depends.”

Where I come from, there is no known regulating body for the prices of collectible coins and banknotes. Prices often depend on the seller – how he/she values the item. Sentimental value is most often the dictator of prices. In coin collecting there are three things that affect coin prices.

  1. Rarity. The price of a coin goes up when it is relatively hard to come by. What I mean is that there are only a few of these ever minted or printed. The coin becomes a very desirable piece for a collector to have. When a certain coin or banknote has only a few existing specimens then you can be sure it can command a higher premium. The older the coin or banknote doesn’t mean its rare. However, it is also true that as time passes certain coins and banknotes become more rare. Collectors pride themselves in having coins or banknotes in their collection that no one else has.
  2. Condition. Collectors go for the best coins and banknotes they can get their hands on. The best looking coins and banknotes command a higher premium. Higher prices for mint condition coins and lower prices for circulated ones. Collectors are purists and if it is at all possible, we want coins and banknotes directly from the mint that makes them. Be wary of cleaned or altered coins. A cleaned coin, no matter how nice it looks has a lower price than a coin that is mint state and even undesired by most collectors. One thing about the condition of coins and banknotes is that it deteriorates over time. It is possible that a coin can lose its value as its condition deteriorates. This is the reason why collectors invest in coin flips, banknote albums, clear cases, vaults, etc.. to protect their investment.
  3. Demand. In my opinion, this is what affects the prices of coins and banknotes the most. A certain coin may not be very rare and may not have the best condition, but if it has a very high demand from buyers, prices can go up to absurd levels. I’m not saying that this cannot be affected by the rarity and condition, but the more people want something, the more expensive it becomes. The opposite is also true. Even if a certain coin is rare and in mint condition if no one is willing to buy it for the set price, chances are its price will go down until someone will be willing to buy it.

Enjoy!

Philippine Coins: 2015 500 Piso Pope Francis Commemorative Coin

•July 8, 2016 • 1 Comment

Probably my most expensive purchase in my coin collecting hobby so far. Ordered online and purchased directly from BSP, I present to you the 2015 500 Piso Pope Francis commemorative coin.

Continue reading ‘Philippine Coins: 2015 500 Piso Pope Francis Commemorative Coin’

Philippine Coins: 2015 50 Piso Pope Francis Commemorative Coin

•February 25, 2016 • Leave a Comment

Finally, after a long wait, I received an email from BSP that I can claim my 50 Piso Pope Francis commemorative coin and now I have it!

2015 50 Piso Pope Francis Visit Commemorative Obverse Blister Pack Continue reading ‘Philippine Coins: 2015 50 Piso Pope Francis Commemorative Coin’

Philippine Coins: 2015 10 Piso Miguel Malvar Commemorative Coin

•January 31, 2016 • 3 Comments

I was in for a big surprise to find out that Bangko Sentral ng Pilipinas released a new commemorative coin on December 22, 2015. I was lucky enough to get a couple of them on December 23, thanks to an officemate.

Here is the 10 Piso Miguel Malvar 150 taon commemorative.

This commemorates the General’s 150th birthday, being born on September 27, 1865.

Continue reading ‘Philippine Coins: 2015 10 Piso Miguel Malvar Commemorative Coin’

 
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