Hundredth Of A Peso
What is Hundredth Of A Peso?
A Brief History
Many are not familiar with the term "Hundredth of a Peso." It is not a widely known term, but it holds historical significance in the Philippines. The hundredth of a peso was a currency unit in the Philippines from 1861 to 1967. It was the smallest denomination of the Philippine peso and was worth 1/100 of a peso. The coin was made of copper and was about the size of a U.S. dime. It featured the profile of José Rizal, a Filipino patriot and national hero.
The hundredth of a peso was first introduced in 1861 by the Spanish colonial government. It was intended to replace the cuartos, which were the smallest denomination of currency in the Philippines at the time. The hundredth of a peso was quickly adopted by the Filipino people and became the most common coin in circulation.
Peso Today
Value
Today, the hundredth of a peso is no longer in circulation. However, it is still considered legal tender in the Philippines and can be exchanged for its equivalent in Philippine pesos at any bank or currency exchange.
Collectible
The hundredth of a peso is also a popular collectible among coin collectors. Due to its historical significance, it is a popular target for collectors. It can be difficult to find, especially in good condition, so it can be valuable to collectors.
Conclusion
The hundredth of a peso is a piece of Philippine history. It was once a common coin in circulation, but it is now a rare and valuable collectible. Filipinos continue to value and appreciate the hundredth of a peso for its historical significance.
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