1 Piso 1972: A Commemorative Coin of the Philippines
Introduction
The 1 Piso 1972 is a commemorative coin issued by the Central Bank of the Philippines (now known as the Bangko Sentral ng Pilipinas) to mark a significant event in the country's history. This coin is a popular collector's item among numismatists and Filipino history enthusiasts.
Design and Features
The 1 Piso 1972 coin is made of copper-nickel and weighs 7 grams. It has a diameter of 27 mm and a thickness of 2 mm. The coin's obverse features the profile of Ferdinand Marcos, the President of the Philippines from 1965 to 1986. The reverse side showcases the Philippine coat of arms, which consists of eight primary rays of the sun representing the eight provinces that were first placed under martial law in 1972.
The coin's design is significant, as it commemorates the proclamation of martial law in the Philippines on September 21, 1972. This event marked a turning point in the country's history, as it led to the abolition of the Philippine Congress, the curtailment of civil liberties, and the concentration of power in the hands of President Marcos.
Numismatic Significance
The 1 Piso 1972 coin has a mintage of 30 million pieces, making it a relatively common coin among collectors. However, its historical significance and rarity have driven up its value, particularly among serious collectors.
On Numista, a popular online platform for coin collectors, the 1 Piso 1972 coin has a rating of 4.5 out of 5 stars based on 25 ratings. Its average price range is between PHP 500 to PHP 1,500 (approximately USD 10 to USD 30), depending on the coin's condition and rarity.
Conclusion
The 1 Piso 1972 coin is a unique piece of Philippine history that offers a glimpse into the country's complex past. Its commemoration of martial law serves as a reminder of the importance of preserving democracy and human rights. For collectors, this coin is a valuable addition to any numismatic collection, offering a tangible connection to a pivotal moment in Philippine history.
