Philippine one centavo coin

One centavo
Philippines
Value 0.01 Philippine peso
Mass 2.00 g
Diameter 15.5 mm
Edge Plain
Composition Copper-plated steel
Years of minting 1903-present
Obverse
Design 'Republika ng Pilipinas', year and denomination
Design date 1995
Reverse
Design Logo of the Bangko Sentral ng Pilipinas
Design date 1995

The Philippine one centavo coin (1¢) is the smallest-denomination coin of the Philippine peso. It has been issued since 1903 during American rule.[1] It became the smallest unit of currency following the removal of the half-centavo in 1908.[2] Its current size and colour is similar to the five centavo coin, although that one has a hole in the middle.[3]

History

Pre-Independence

No coins worth one hundredth of a peso were issued during the Spanish rule over the Philippines, as the 10 centimo was the smallest unit of currency of the Philippine peso fuerte (1861-1898).

The first one-centavo coin was issued under American rule in 1903. It featured an Islander near a volcano on the obverse with 'One Centavo' written on the top and 'Filipinas' on the bottom. The reverse featured the American coat of arms with the inscription 'United States of America' on the top and the date on the bottom.[1] This coin was minted until 1936, the next year it featured a change on the reverse with a Filipino coat of arms. This second coin was minted until 1944.[4]

Independence

English Series
(1958-1967)
Pilipino Series
(1967-1974)
Ang Bagong Lipunan Series
(1975-1982)
Flora and Fauna Series
(1983-1993)
BSP Coin Series
(1995-present)
Obverse
Reverse

References

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