BSP issued 200-Piso Bill Commemorating UST 400th year

The Bangko Sentral ng Pilipinas recently unveiled a limited commemorative 200-peso (US$4.50) note and gold and silver medals to celebrate the University of Santo Tomas 400th year anniversary.The central bank will issue 10 million legal tender notes and 400 commemorative medals with no monetary value.The central bank will also release 400 special copies of two uncut 200-peso bills equal to P400, matching UST’s years of existence.This [currency overprint] symbolizes BSP’s recognition of the significance of UST as an educational institution.The Philippine Postal Corp. also unveiled commemorative postage stamps featuring key landmarks of the campus...

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Heritage’s Largest World & Ancient Coins Auction Tops $9.28M

Collectors from all over the world descended on New York City on January 2 and 3 to take part in Heritage Auctions’ Signature® World & Ancient Coins Auction at the Waldorf-Astoria, coinciding with the New York International Numismatic Convention (NYINC), where a deep lineup of stunning and rare coins realized more than $9.28 million in total, including 15% Buyer’s Premium.This 22 pound Chinese gold coin took top honors with a $575,000 final price realized in the $9.28+ million NYINC World & Ancient Coins event at Heritage Auctions."What the overall results of this auction show is the continued steady strength in the World and Ancient...

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BSP Error Notes? What's the big deal?

The newly re-designed notes have not been mostly welcomed by critics and end-users alike mainly due to aesthetic reason and technical reason otherwise. Most critics are particularly pointing-out that the new bills have wrongly written the scientific names of the animals displayed or misplaced some geographical locations in the map of the Philippines.For example, on the 200-peso bill, the tarsier’s scientific name was written as Tarsius Syrichta instead of the correct way, Tarsius syrichta.According to scientists, there are two errors: the scientific name was not italicized; and the second word in the name should not begin with a capital letter.Following...

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BSP newly designed notes released

A smiling image of the late President Corazon Aquino has now joined the image of her husband, the late Sen. Benigno "Ninoy" Aquino Jr., on the new P500 bill.The inclusion of Mrs. Aquino, mother of President Benigno Aquino III, is part of the new look given to all Philippine bank notes that the Bangko Sentral ng Pilipinas (BSP) unveiled Thursday.President Aquino, whose signature is now on the new bank notes, led the launching in Malacañang."It does make me happy, as a son and as a Filipino, to have my parents on the same bank note. It is a testament to what they sacrificed for our people, and a testament to their love for our country," he said.He...

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