Owner Comments:
This coin was was minted for circulation by the Bangko Sentral Ng Pilipinas. It has a matte finish similar to the matte variety minted by the Franklin Mint, which also minted Proof and Brilliant Uncirculated (Special Uncirculated) types for this series.
The obverse features the bust of Dr. Jose Rizal, a Filipino nationalist during the tail end of the Spanish colonial period of the Philippines. He is widely considered to be one of the greatest heroes of the Philippines. To the right of the bust is the coin's denomination, 1 Piso, and below is his name, Jose Rizal. On the coin's top is the country's name, "REPUBLIKA NG PILIPINAS".
The reverse bears the country’s coat of arms in the center. It features the eight-rayed sun of the Philippines with each ray representing the eight provinces which were placed under martial law during the Philippine Revolution (1896-1898.) The three five-pointed stars represent the country's primary geographic regions (Luzon, Visayas, and Mindanao.) On the dexter (left) side of the shield is the North American bald eagle of the United States, its left talon grasping an olive branch and the right talon grasping three spears, denoting peace and war. On the sinister (right) side is the lion rampant of the coat of arms of the Kingdom of León (part of a united Spain from 1479). Both the eagle and the lion represent the country's colonial past. Beneath the shield is a scroll with the inscription " RUPUBLIKA NG PILIPINAS”. Around the coin are the words "ANG BAGONG LIPUNAN" on top, which is Pilipino for "The New Society". On the bottom is the issuing bank's name, "BANGKO SENTRAL NG PILIPINAS". The coin's date, 1977, is divided by the shield.
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As a coin intended for general commerce, this specimen bears small, scattered, contact marks and light scuffs from contact with other coins in the bag. As captured by the camera, the surfaces show bright and attractive satiny mint luster and sharp strike. Overall quality is above average and eye appeal is very pleasing. This type of coin is pretty common is affordably priced for its type. I had this coin in my collection and decided to have it slabbed for my custom registry set as an example of a business strike one piso coin of the era. As of this writing, this coin is the first of its kind to be NGC-certified at this grade, sitting at the Top Pop spot (1/0).
⚙️ Coin Specifications and Information
Composition: Copper-Nickel
Weight: 9.5000g
Diameter: 29mm
Edge: Reeded
Alignment: ⬆️ ⬆️
Mintage: 14,771,000
KM# 209.1
📆 This Year in Philippine History
Today in Philippine History, August 22, 1977, the nightly curfew, imposed under the martial law was lifted.
President Ferdinand Marcos announced that he was lifting the nightly curfew and the travel ban as his first step towards relaxing the restrictions imposed under martial law.
When President Marcos declared martial law on September 21, 1972, it curtailed press freedom and other civil liberties, closed down Congress and media establishments, and effected the arrest of opposition leaders and militant activists.
The declaration of martial law was initially well received, given the social turmoil the Philippines was then experiencing, including the re-emergence of the communist movement.
Among some its desirable results was the significant reduction of the crime rate after a nightly curfew was implemented nationwide.
Marcos eventually lifted martial law on January 17, 1981.
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📖 Information sources:
Wikipedia contributors. (2022, July 15). Sheldon coin grading scale. In Wikipedia, The Free Encyclopedia. Retrieved 14:36, September 12, 2022, from https://en.wikipedia.org/w/index.php?title=Sheldon_coin_grading_scale
NGC, World Coin Price Guide, Philippines Coin Price Guide (Powered by NumisMaster), Retrieved 09:25, September 14, 2022, from https://www.ngccoin.com/price-guide/world/philippines-piso-km-209.1-1975-1978-cuid-1084805-duid-1568232
Numista Coin Catalog. Coins from Philippines. Retrieved 09:20, September 14, 2022, from https://en.numista.com/catalogue/pieces3748.html
Today in Philippine History, August 22, 1977. Retrieved 17:42, October 8, 2022, from https://kahimyang.com/kauswagan/articles/517/today-in-philippine-history-august-22-1977-the-nightly-curfew-imposed-under-the-martial-law-was-lifted