The document summarizes the key details of the New Generation Currency (NGC) coins introduced by the Bangko Sentral ng Pilipinas (BSP) in 2018. It describes the denominations released, the design elements and security features included, and the reasons for replacing the previous coins. It highlights differences between the new 5-piso NGC coin and older coins, and provides contact information for the BSP.
The document summarizes the key details of the New Generation Currency (NGC) coins introduced by the Bangko Sentral ng Pilipinas (BSP) in 2018. It describes the denominations released, the design elements and security features included, and the reasons for replacing the previous coins. It highlights differences between the new 5-piso NGC coin and older coins, and provides contact information for the BSP.
The document summarizes the key details of the New Generation Currency (NGC) coins introduced by the Bangko Sentral ng Pilipinas (BSP) in 2018. It describes the denominations released, the design elements and security features included, and the reasons for replacing the previous coins. It highlights differences between the new 5-piso NGC coin and older coins, and provides contact information for the BSP.
The document summarizes the key details of the New Generation Currency (NGC) coins introduced by the Bangko Sentral ng Pilipinas (BSP) in 2018. It describes the denominations released, the design elements and security features included, and the reasons for replacing the previous coins. It highlights differences between the new 5-piso NGC coin and older coins, and provides contact information for the BSP.
1. What are “New Generation Currency” coins? 5. How did the BSP select the design elements 8.
n elements 8. What are the differences between the 5-piso
The New Generation Currency (NGC) coins and security features that are used in the NGC coin and the existing 5-piso coin comprise the new series of Philippine coins issued NGC coins? The designs, features, and other currently in circulation? Aside from the by the Bangko Sentral ng Pilipinas (BSP) in 2018, specifications of the NGC coins were the result differences in diameter, weight and thickness, as approved by the President of the Republic of of an extensive and in-depth study by two expert improved design elements and security features the Philippines upon the recommendation of the Committees of the BSP – the Numismatic were added to the 5-piso NGC coin such Monetary Board. This follows the issuance of the Committee and the Currency Management as microprints and mint mark. The 5-piso NGC NGC banknotes in 2010. Committee. These Committees’ proposals were coin also features the endemic plant Tayabak, the reviewed by the Monetary Board and then new BSP logo and Philippine hero Andres 2. Which denominations of the NGC coins have recommended for final approval of the President Bonifacio. been circulated to the public? The new series of the Philippines. of coins circulated consists of the 10-piso, 5-piso, The existing 5-piso (BSP Coin Series) features the 1-piso, 25-sentimo, 5-sentimo and 1-sentimo. 6. What will happen to the BSP Coin Series old BSP logo and Philippine hero Emilio The 5-piso NGC coins were initially released currently in circulation? The BSP Coin Series Aguinaldo. Considered as the first president of starting in December 2017 to commemorate the shall remain to be legal tender and can be used the Republic of the Philippines, Emilio Aguinaldo 120th death anniversary of Gat. Andres Bonifacio alongside with the NGC Coin Series for day- is instead featured on the obverse side of the 200- and his 154th birthday on November 30. The to-day transactions to pay for goods and services, Piso NGC banknote as part of the image of the issue was also intended to meet the greater until such time as the BSP calls for the demand for coins during the Christmas season. declaration of Philippine Independence. The demonetization of the said BSP Coin Series. enhanced designs of NGC banknotes were 3. Why is the BSP replacing the design of our 7. What are the differences between the 5-piso released for circulation starting in December coins? The BSP is introducing the NGC Coin NGC coin and the existing 1-piso coin 2017, for selected denominations. Series with enhanced security features using the currently in circulation? The 5-piso NGC coin latest technology in minting to prevent is heavier than the 1-piso coin currently in 9. What is the reason for the change in color of counterfeiting. The metallic composition of the circulation (7.4 grams versus 6.1 grams), thicker the NGC coins? The NGC coins, which appear NGC coins was changed to discourage illegal (2.2 millimeters versus 1.8 millimeters) and as “metallic silver”, are made of nickel-plated steel extraction of valuable metal content. In the past slightly larger (25 millimeters in diameter versus which contributes to their improved wear and this practice has resulted in the hoarding of large 24 millimeters). Moreover, the 5-piso NGC corrosion resistance capabilities. The change in quantities of coins, for extraction of metallic coin’s sides are smooth while the 1-piso coin has plating technology shall address concerns on contents in overseas smelting entities. The ridges. Finally, the designs of the two coins are discoloration which has been observed for brass metallic composition of the NGC Coin Series distinctly different. Filipino Hero, Gat. Andres and copper-plated coins, e.g., the existing 25- also contributes to improved wear and corrosion Bonifacio along with the markings “ANDRES sentimo, 10-sentimo, 5-sentimo and 1-sentimo. resistance capabilities. BONIFACIO” and “5 PISO” are prominently featured in the obverse of the 5-piso coin. Its 10. How can the public distinguish the different 4. What are the design elements that have been reverse, features the Tayabak, a Philippine denominations of the NGC Coin Series? The included in the NGC coins? Coins in the endemic plant, the BSP logo and “Bangko Sentral designs and specifications of the NGC Coin NGC Series will feature the new BSP logo, three ng Pilipinas” in microprint. On the other hand, Series are as follows: national heroes and endemic flora, consistent the existing 1-piso (BSP Coin Series) features the with the design of the NGC Banknote Series profile of National Hero Jose Rizal on the that also highlights Philippine fauna. obverse, and the old BSP logo on the reverse side. 10-Piso • Material: Nickel-Plated Steel • Obverse: Apolinario Mabini, Republika ng Pilipinas, • Coin Edge Profile: with Reeds 10 Piso and Year Mark • Edge Thickness: 1.6 mm • Reverse: Kapa-Kapa, BSP Logo • Diameter: 16.0 mm • Material: Nickel-Plated Steel • Weight: 2.20 g • Coin Edge Profile: Milled with Edge Lettering • Edge Thickness: 2.05 mm 1-Sentimo • Diameter: 27.0 mm • Obverse: Republika ng Pilipinas, Stylized Philippine • Weight: 8.00 g flag, 1 Sentimo and Year Mark • Reverse: Mangkono, BSP Logo 5-Piso • Material: Nickel-Plated Steel • Obverse: Andres Bonifacio, Republika ng Pilipinas, • Coin Edge Profile: Plain 5 Piso and Year Mark • Edge Thickness: 1.54 mm • Reverse: Tayabak, BSP Logo • Diameter: 15.0 mm • Material: Nickel-Plated Steel • Weight: 1.90 g • Coin Edge Profile: Plain • Edge Thickness: 2.20 mm The differences between the NGC coins and the • Diameter: 25.0 mm existing coins (BSP Coin Series) can be best • Weight: 7.40 g appreciated through visual means and tactile familiarization. The BSP continues to conduct a 1-Piso nationwide information campaign to educate the • Obverse: Jose Rizal, Republika ng Pilipinas, 1 Piso general public to allow them to easily distinguish the and Year Mark NGC coins. With increased usage over time, the • Reverse: Waling-Waling, BSP Logo • Material: Nickel-Plated Steel NGC coins with its features would gain greater • Coin Edge Profile: with Intermittent Reeds popularity. • Edge Thickness: 2.05 mm • Diameter: 23.0 mm FOR MORE INFORMATION, CONTACT: • Weight: 6.00 g BSP Currency Issue and Integrity Office Telephone Numbers: (02) 988-4834 or (02) 352-1485; 25-Sentimo [email protected] • Obverse: Republika ng Pilipinas, 25 Sentimo, stylized BSP Corporate Affairs Office Telephone Numbers: (02) 708-7140 Philippine flag and Year Mark or (02) 708-7701 loc. 2876 • Reverse: Katmon, BSP Logo Fax No.: (02) 708-7138 • Material: Nickel-Plated Steel [email protected]; [email protected] www.bsp.gov.ph • Coin Edge Profile: Plain • Edge Thickness: 1.65 mm - Bangko Sentral ng Pilipinas • Diameter: 20.0 mm (https://www.facebook.com/BangkoSentralngPilipinas)
• Weight: 3.60 g - Bangko Sentral (@BangkoSentral)