Philippine two-peso coin explained
| Denomination: | Two pesos |
| Country: | Philippines |
| Value: | 2.00 |
| Mass: | 5.00 |
| Diameter: | 24.00 |
| Edge: | Plain (Flora and Fauna Series)
Reeded (Improved Flora and Fauna Series) |
| Composition: | Copper-nickel (1983–1991)
Stainless steel (1991–1994) |
| Years Of Minting: | 1861–1868
1983–1994 |
| Obverse: | File:1994phil2pisoobv.jpg |
| Obverse Design: | State title, Andrés Bonifacio, year of minting |
| Obverse Design Date: | 1991 |
| Reverse: | File:1994phil2pisorev.jpg |
| Reverse Design: | Cocos nucifera (Coconut Tree), Value |
| Reverse Design Date: | 1991 |
The Philippine two-peso coin (Filipino; Pilipino: Dalawang piso) (₱2) was a denomination of Philippine currency. It was minted by the Bangko Sentral ng Pilipinas from 1983 to 1994 and was demonetized in 1998.[1]
History
Spanish
- 1861: The two-peso gold coin was introduced by the Spaniards, containing 3.38 grams of 0.875 fine gold. The coin featured a left-sided profile of Isabel II on its obverse, while the reverse has the Coat of arms of Spain with the lettering “REINA DE LAS ESPAÑAS”.[2]
Independence
- In 1983, the BSP introduced ₱2 coins as part of the Flora and Fauna Series. The coin was decagon-shaped (ten-sided), mass 12.0 g and diameter 31.0 mm, with the profile of Andrés Bonifacio on the obverse and the Coconut Tree (Cocos nucifera) on the reverse.
- The coin features the same designs on both the obverse and reverse, but was reduced in mass to 5.0 g, reduced in diameter to 24.0 mm, made circular in shape, and was minted in Stainless steel instead of Copper-Nickel. Although the 2 peso coin became smaller in 1991 upon the release of Improved Flora and Fauna Series, its commemorative coin "100th Birth Anniversary of Jose P. Laurel" uses the original 1983 larger size, copper-nickel composition, and decagon-shaped coin.
- The two-peso coin was not included when the BSP Series was introduced.
- 1998: The ₱2 coin and other coins in the original Flora and Fauna and Improved Flora and Fauna Series were withdrawn, making the coin officially demonetized.
Version history
Notes and References
- Web site: Bangko Sentral ng Pilipinas - BSP Notes and Coins - History of Philippine Currency - Demonetized Coins - Improved Flora and Fauna Series. www.bsp.gov.ph. 2018-07-15.
- Web site: 2 Pesos - Isabella II, Philippines. en.numista.com. en. 2018-07-15.
