Spot the Difference: New P5-Peso Coin vs. P1-Peso Coin

The new P5-peso Philippine coin is currently in circulation, and some people are saying they’re confusing it with the existing P1-peso coin.

In response, the Bangko Sentral ng Pilipinas (BSP) has released guidelines to help Filipinos easily differentiate the two coins.

Here’s a summary of the differences between the P5-peso and P1-peso coins, as explained by the BSP.

Spot the Difference: New P5.00 coin vs. P1.00 coin

The coin designs are “distinctly different,” according to the BSP.

The new P5.00 coin features Katipunan revolutionary group founder Andres Bonifacio, with the Tayabak plant on the obverse. The tayabak is an endemic plant in the Philippines that climbs forest trees.

The P1.00 coin, meanwhile, features Jose Rizal, the country’s national hero. The obverse design shows the old logo of the BSP.

In terms of color, both coins are nickel-plated sporting similar silver colors. But the P5.00 coin has smooth sides, while the P1.00 coin has ridges.

The P5.00 coin is slightly heavier and larger, weighing 7.4 grams versus the P1 coin which weighs 6 grams. The P5.00 coin is also one millimeter (mm) wider, at 25 mm, versus the P1.00 coin which is 24 mm wide.

In short, the basic difference between the two is that the P5 coin is heavier, thicker, and slightly larger than the current P1 coin.

Now you know!

blank

You must read these other other awesome, informative articles!

About the Author

blank

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more
blank

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

1 thought on “Spot the Difference: New P5-Peso Coin vs. P1-Peso Coin”

  1. They should just kept the color or even the size the same. Even with the obviously different designs, it’s still often mistaken as a 1-peso coin which is causing loss. I find it too time consuming to make sure I’m not giving a 5-peso coin to vendors, drivers, and whoever I need to pay or give change with. Plus, not all the time, there’s light or flashlight. It’s so hard to make sure when it’s dark. How about those who have blurry eyes who are not used to braille?

    Reply

Leave a Comment