Friday, July 24, 2020

Philippine Coinage











Philippine coinage is quite distinct from the rest, having thrived in 3 different worlds.  First from its Spanish colonial tutelage that lasted over 300 years, punctuated by 40 odd years of American rule, until 1946 when it was granted independence and had to learn to live on its own under a republic.

And oh what a ride it had been, leaving behind a treasure trove of memories and artifacts whose discoveries and collections could last lifetimes.

Beginning in the 1500’s Spain held away in the islands, and like true colonial powers then tried to suck dry the islands’ treasures and resources to pleasure the kingdom’s imperial elites and their prodigal tastes.  But like lazy imperialists, it never really tried to develop a distinct and separate identity for the archipelago, though it was named after one of its kings, King Phillip.  The Spanish currency system simply got extended to the islands, and beyond that, Spanish citizens intermingled with the rest of the population.  Making only one distinct imperial caveat.  If you were born in the mother country you were referred to as peninsulare, and insulare if born in the islands.   Anyway, the natives were thus blessed with the coinage of the realm sufficient to declare it as also their own.

At the turn of the 19th century, the Americans came, via a one-sided war against the colonizers, and then pitted against the hapless natives, and ruled the islands with relative ease for some 40 odd years.  This time establishing a separate coinage system for the islands to give it distinct identity, though still a vassal of the new colonizer.  And wonder of wonders, the US established in the islands, the only (up to this day) mint located outside of continental US of A.  It was called the Manila mint and operated until the islands’ independence.

Then came 1946 and independence.  Since then, the republic has taken over its coinage, until the present time

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