PH’s Newest Generation of Coin Designs Will Be Harder to Counterfeit and to Distinguish

The new PHP5 coins are a pain in the @$$, and I’m not alone in thinking so.

 

The old coins featured a bigger circumference and a dull gold color, making it easier to spot them at a glance. In contrast, save for the lack of ridging on the sides and of course, Andres Bonifacio’s face and the monetary value minted on it, the new PHP5 coin is practically identical to the PHP1 coin. Heck, I’ve already experienced being given excess change when a couple of food delivery guys mistook the shiny new coins for PHP1 last week. Tsk.

 

Unfortunately, it seems like things are about to get even more confusing now that the Central Bank of the Philippines or the Bangko Sentral ng Pilipinas (BSP) has started releasing the new generation coins. A closer inspection of the new designs’ specifications revealed the following about them:

 
new philippie peso coins

Image Credit: Inquirer

 
  • Instead of the previous varied hues of gold, silver, and rust, all the NGC coins will have a silver, metallic finish;
  • The difference in diameter between the coins will be smaller, with the new PHP10, PHP5, PHP1, 25c, 5c, and 1c coins being 27 mm, 25 mm, 23 mm, 20 mm, 16 mm, and 15 mm in diameter, respectively;
  • The PHP5, 25c, and 1c coins will have smooth edges while the PHP1 and 5c coins will have reeded ones. The new PHP10, on the other hand, will feature “Bangko Sentral” lettering milled on its edge;
  • Flora that’s endemic to the Philippines (e.g., kapa-kapa, tayabak, waling-waling, katmon, etc.) will be minted on the reverse side of all the new coins;
  • Nickel-plated steel have been used to make the coins instead of the traditional copper as the former is said to endure wear and corrosion better.
 

Even a quick glance at the distinctions can tell you that it’ll be quite hard to tell the coins apart. When they’re all the same color and nearly the same size, good luck fishing out the right amount from your pocket on a jeepney ride or handing over the right amount of change to a diner during the lunch rush. Let’s not even talk about the elderly folk manning sari-sari stores who have trouble distinguishing between the coins due to their failing eyesight.

 

PHP4 might not seem like a big difference, but when you’re penny-pinching or are simply monitoring your expenses (and aren’t we all?), it can all add up to a substantial loss.

 

Little wonder then that some have called for the BSP to temporarily stop releasing the new coins due to the general confusion they’ve caused. In its defense, the regulatory body claimed that the changes were necessary to prevent counterfeiting as well as the illegal practice of hoarding coins to extract their metal content. The need to adapt more cost-efficient processes was also provided as another reason behind the move.

 
Philippine Peso Coins

Image Credit: philstar

 

Look, we get that updating the coinage is crucial to warding off counterfeiters. Also, we couldn’t care less if the national mint uses copper or I dunno, Valyrian steel, to make the coins.

 

However, it would be nice if the brains (if they have any, that is) behind these measures would spare a thought for the people they are supposed to serve, and how such sweeping, poorly-conceived, and shoddily-executed changes can disrupt their everyday lives.

 

At the end of the day, the true purpose of good design is to make things more effective and efficient for the end-user. If yours doesn’t accomplish that, perhaps it might be time to head back to the drawing board.

Serena Estrella

Serena joined RemitAU back in 2016, and has tormented its Marketing Head constantly ever since. To get through the rigors of writing about grave concerns like exchange rates, citizenship requirements, and PH-AU news, she likes to blast Mozart, Vivaldi, ONE OK ROCK, and Shigeru Umebayashi in the background. She does a mean Merida voice in her spare time too.

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