American period

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American period

  1. 1. American Period
  2. 2. After the United States took control ofthe Philippines, the United StatesCongress passed the Philippine CoinageAct (March 3, 1903), established the unitof currency to be a theoretical gold peso(not coined) consisting of 12.9 grains ofgold 0.900 fine , equivalent to ₱2,933.07modern pesos of as of 22 December2010
  3. 3. In 1901, America defeated Spain and took over the country. The Philippine Coinage Act was passed by the US Congress. It authorized the production of silver coins from 1903 to 1912. These coins were minted from the Philadelphia, SanFrancisco and Denver mints. The coin wasdesigned by a young Filipino artist named Melecio Figueroa.
  4. 4. Silver certificates were issued until 1918, later replaced with Treasury Certificatesfrom 1918 to 1935. Because of high cost of minting and transportation, the Americangovernment decided to re-open the Manila mint in 1920. The mint produced coins until the Commonwealth government. Notable coins during this period are those issued for use within the Culion Leper Colony.
  5. 5. Obverse: Lady Liberty striking an anvil with a hammer with a volcano (Mt. Mayon) erupting in the background, "One Peso", "Filipinas"Reverse: arms of the US Territories, "United States of America", year mark Shape: round Edge: reeded Material: silver Designer: Melecio Figueroa
  6. 6. Obverse: Lady Liberty striking an anvil with a hammer with a volcano (Mt. Mayon) erupting in the background, "Ten Centavos", "Filipinas" Reverse: arms of the US Territories, "United States of America", year mark Shape: round Edge: reeded Diameter: 11.0mm Material: silver Designer: Melecio Figueroa
  7. 7. Obverse: figure of a man seated beside an anvil and holding a hammer with a volcano (Mt. Mayon) erupting in the background, "Five Centavos", "Filipinas" Reverse: arms of the US Territories, "United States of America", year mark Shape: round Edge: plain Diameter: 21.2 mm (1903-28) 19mm (1930-45) Weight: 77.16 grains (1903-28) 75.16 grains (1930-45) Composition: 75% copper, 25% nickel (1903-41), 65% copper, 12% nickel, 23% zinc (1944-45) Designer: Melecio Figueroa
  8. 8. The dimensions of this coin were changed in 1930. When the size of the 20 centavo coin was reduced, it had about thesame size as the 5 centavo coin. Because of the losses because of the confusion between the two coins, the 5 centavo coin was reduced in size.
  9. 9. Obverse: figure of a man seated beside an anvil and holding a hammer with avolcano (Mt. Mayon) erupting in the background, "Five Centavos", "Filipinas" Reverse: arms of the US Territories, "United States of America", year mark Shape: round Edge: plain Material: copper Diameter: 24mm Weight: 40 grainsComposition: 95% copper, 5% zinc and tin (1903-1941); 95% copper, 5% zinc (1903-1941) Designer: Melecio Figueroa
  10. 10. Obverse: figure of a man seated beside an anvil and holding a hammerwith a volcano (Mt. Mayon) erupting in the background, "Five Centavos", "Filipinas"Reverse: arms of the US Territories, "United States of America", year mark Shape: round Edge: plain Material: copper Diameter: 17.8mm Weight: 30 grains Composition: 95% copper, 5% zinc and tin Designer: Melecio Figueroa

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