Owner Comments:
This coin was was minted by The Franklin Mint under the authorization of the Central Bank of the Philippines. Three varieties of this coin were struck: Proof, Brilliant Uncirculated, and Matte. This particular coin is the Proof variety, wherein The relief has frosted surfaces and fields are smooth and mirror-like.
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, 1976, is divided by the shield.
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This is a perfect coin as the grade indicates. It doesn’t show any trace of wear, handling, scratches or contact with other coins. The coin’s strike is sharp, and it radiates full original luster, with exceptional eye appeal. This type of coin is quite common and is found in the 1976 proof set, or sometimes cut out of the set and sold either individually or with the rest of the minor coins of the proof set. This coin and its proof set are fairly priced. I acquired this specimen raw (cut out of its proof set) and had it graded. I was pleasantly surprised and delighted by the grade it received. As of this writing, it is in the Top Pop spot with others (5/0).
⚙️ Coin Specifications and Information
Composition: Copper-Nickel
Weight: 9.5000g
Diameter: 29mm
Edge: Reeded
Alignment: ⬆️ ⬆️
Mintage: 9,901 (based on the number of proof sets)
KM# 209.1
📆 This Year in Philippine History
On October 16-17, 1976, a national referendum-plebiscite was held in the Philippines in which the majority of the barangay voters approved the continuation of Martial Law and ratified the proposed amendments to the Constitution substituting the Regular Batasang Pambansa with the Interim Batasang Pambansa, pursuant to various Presidential Decrees.
In Philippine law, a plebiscite is a ballot question on amending, revising, or approving a constitution. Other ballot questions asked through a nationwide electorate are referendums.
Included in the proposed constitutional amendments were:
1. The president (prime minister) and cabinet shall exercise all powers and functions, and can only be disqualified based on what the president (prime minister) prescribes. The president (prime minister) can also appoint a deputy prime minister, or multiple deputy prime ministers.
2. The incumbent president exercised legislative powers until martial law is lifted.
3. The president (prime minister) can issue decrees, orders or letters of instruction if the Interim Batasang Pambansa or regular National Assembly fails to act on an emergency.
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📖 Information sources:
Wikipedia contributors. (2022, August 20). José Rizal. In Wikipedia, The Free Encyclopedia. Retrieved 14:58, September 12, 2022, from https://en.m.wikipedia.org/wiki/José_Rizal
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
1 Piso Ang Bagong Lipunan (ABL) Series Coin. Retrieved 20:10, October 9, 2022, from https://www.numismatics.ph/coins/ang-bagong-lipunan-series/1-piso.html