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Commemorative coins marking 70 years of central banking in the country and BSP's 25th anniversary now for sale

01.09.2020

BSP Anniversary Commemorative Coins

The Bangko Sentral ng Pilipinas (BSP) announces the sale of the 10,000-Piso gold and 500-piso silver commemorative coins highlighting 70 years of central banking in the Philippines as well as the 500-Piso silver commemorative coin for the BSP’s 25th anniversary.

The gold coin will be sold at Php127,000.00 and the silver coins at Php3,500.00 apiece. These coins are non-circulation legal tender.

To ensure that interested buyers across the country are given equal opportunity to purchase these commemorative coins, orders shall be placed through email at anniversarycoins@bsp.gov.ph not later than 15 January 2020 on a “first mail-in, first listed” basis with the following details:

1)    Description of order
•    70th Year of Central Banking in the Philippines Gold Coin
•    70th Year of Central Banking in the Philippines Silver Coin
•    25th Anniversary of the Bangko Sentral ng Pilipinas Silver Coin
2)    Nearest BSP branch for pick-up (for the list of BSP offices, please visit the following link:         http://www.bsp.gov.ph/contact/overview.asp
        http://www.bsp.gov.ph/contact/regional.asp
3)    Contact details (contact number and email address)

Confirmation of order and instructions on payment and pick-up shall be sent to interested buyers through email.


                                                                        ***

ANNOUNCEMENT    :    Sale of 70th BSP Anniversary Gold and Silver Commemorative Coins and
                                                 25th BSP Anniversary Silver Coins
FOR RELEASE ON    :    20 December 2019


The Bangko Sentral ng Pilipinas (BSP) is pleased to announce the sale of gold and silver commemorative non-circulation legal tender coins in commemoration of the 70th Year of Central Banking in the Philippines and the 25th Anniversary of the BSP with details as follows:


1.    70th Year of Central Banking in the Philippines Gold/Silver Coins

1.1.    Gold coins (with Certificate of Authenticity-serialized)

a)    Selling Price:    PHP 127,500.00

b)    Design Obverse: “REPUBLIKA NG PILIPINAS”, “70 YEARS OF CENTRAL BANKING”, “1949-2019”, progression of the seal of the Central Bank of the Philippines to the Bangko Sentral ng Pilipinas, the denomination “10,000 PISO”, mintmark and the year mark 2019.

c)    Design Reverse:  The BSP eagle in the horizon, the BSP Seal, façade of the current BSP main complex with microprint, “996.0 Gold”, stylized sun with the BSP Core values micro printed on the outline, and three (3) stars.

d)    Technical Specifications
•    Material: Gold
•    Metallic Composition: 99.6% Au
•    Shape: Round
•    Weight: 42 grams (+0.2)
•    Diameter: 38.6 millimeters
•    Quality- Proof-like
•    Denomination: 10,000-Piso

1.2.    Silver coins

a)    Selling Price:    PHP 3,500.00

b)    Design Obverse: The BSP eagle in the horizon, the BSP Seal, mintmark, façade of the current BSP main complex, microprint: “BANGKO SENTRAL NG PILIPINAS”, the denomination “500 PISO”, and “REPUBLIKA NG PILIPINAS”.

c)    Design Reverse: “70 YEARS OF CENTRAL BANKING”, façade of the Aduana Building where the Central Bank was once housed, micro letters: “CENTRAL BANK OF THE PHILIPPINES”, progression of the seal of the Central Bank of the Philippines to the Bangko Sentral ng Pilipinas, and “1949-2019”

d)    Technical Specifications
•    Material: Silver
•    Metallic Composition: 99.9% Ag
•    Shape: Round
•    Weight: 28.28 grams (+0.5)
•    Diameter: 38.6 millimeters
•    Quality: Proof-like
•    Denomination: 500-Piso


2.    25th Anniversary of the Bangko Sentral ng Pilipinas Silver Coins

a)    Selling Price:     PHP 3,500.00

b)    Design Obverse:    “REPUBLIKA NG PILIPINAS,” the denomination “500-PISO,”  “PHILIPPINE EAGLE,” “Pithecophaga jefferyi,” the new BSP Seal, the year 2018, mintmark, and a rendition of a Philippine eagle.

c)    Design Reverse“25 YEARS,” “1993-2018,” the new BSP Seal, and micro letters of the core values of the BSP:  Excellence, Patriotism, Integrity, Solidarity and Accountability.

d)    Technical Specifications

•    Material: Silver
•    Metallic Composition: 99.9% Ag
•    Shape: Round
•    Weight:    28.28 grams (±0.5)
•    Diameter: 38.6 millimeters
•    Quality: Proof-like
•    Denomination: 500-Piso


Mechanics for the Sale of the BSP Anniversary Commemorative Coins


I.    Reservation

Due to the high cost of production and limited supply of the BSP commemorative non-circulation legal tender coins1 , production shall be made in batches of one hundred (100) as orders are placed and until supplies last.  Each buyer shall be entitled to buy only one (1) piece per commemorative coin.

Moreover, to ensure that interested buyers in different locations within the country are given equal opportunity to purchase these commemorative coins, orders shall be placed thru email at anniversarycoins@bsp.gov.ph not later than 15 January 2020 on a “first mail-in, first listed” basis with the following details:

1)    Description of order

•    70th Year of Central Banking in the Philippines Gold Coin
•    70th Year of Central Banking in the Philippines Silver Coin
•    25th Anniversary of the Bangko Sentral ng Pilipinas Silver Coin

2)    Nearest BSP branch for pick-up (see attached list of BSP branches)

3)    Contact details (contact number and email address)

Please note that incomplete detail requirements shall invalidate your orders.


II.    Payment and Pick-up of Orders

1)    Approved orders shall be notified thru confirmation email with an indicated schedule for payment and pick-up.
2)    Due to the high value of commemorative coins, cash payment and pick-up schedule shall be from 9:00 a.m. to 2:00 p.m. at the nearest BSP branch (see attached) indicated upon placement of order.
3)    An authorized representative may be assigned to purchase the commemorative coins on behalf of the buyer upon presentation of an authorization letter, I.D. and confirmation email.
4)    The order shall be forfeited if the commemorative coins remain unclaimed two (2) weeks after the scheduled date of pick-up.  Thereafter, the coins shall be offered to the public on a “first come, first served” basis.  The public are also entitled to buy only one (1) piece per commemorative coin.


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1Non-circulation legal tender coins are coins which are legal tender, and thus can in theory be used to purchase goods or services, but are not intended to be used in such a manner. Rather, they are intended to be used only as souvenirs, and are often produced in gold or silver with a proof finish. (https://en.wikipedia.org › wiki › Commemorative_coin)

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