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    Coins and Notes - Spanish Era

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    Angelito Romanda
    During the Spanish era from 1521-1897, the earliest coins brought to the Philippines were silver cobs or macuquinas from Mexico and other Spanish colonies. The widely circulated Spanish dos mundos coin from 1732-1772 featured twin crowned globes representing Spanish rule over the Old and New Worlds. Due to a shortage of small denomination coins, the first coins struck in the Philippines were crude copper barrillas worth about one centavo, which is the origin of the Filipino term "barya" meaning small change. Coins from other Spanish colonies circulated in the Philippines as well and were counterstamped, while the last Spanish coins minted featured the portrait of young King Alfonso

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    Coins and Notes - Spanish Era

    Uploaded by

    Angelito Romanda
    38 views2 pages
    During the Spanish era from 1521-1897, the earliest coins brought to the Philippines were silver cobs or macuquinas from Mexico and other Spanish colonies. The widely circulated Spanish dos mundos coin from 1732-1772 featured twin crowned globes representing Spanish rule over the Old and New Worlds. Due to a shortage of small denomination coins, the first coins struck in the Philippines were crude copper barrillas worth about one centavo, which is the origin of the Filipino term "barya" meaning small change. Coins from other Spanish colonies circulated in the Philippines as well and were counterstamped, while the last Spanish coins minted featured the portrait of young King Alfonso

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    During the Spanish era from 1521-1897, the earliest coins brought to the Philippines were silver cobs or macuquinas from Mexico and other Spanish colonies. The widely circulated Spanish dos mundos coin from 1732-1772 featured twin crowned globes representing Spanish rule over the Old and New Worlds. Due to a shortage of small denomination coins, the first coins struck in the Philippines were crude copper barrillas worth about one centavo, which is the origin of the Filipino term "barya" meaning small change. Coins from other Spanish colonies circulated in the Philippines as well and were counterstamped, while the last Spanish coins minted featured the portrait of young King Alfonso

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    38 views2 pages

    Coins and Notes - Spanish Era

    Uploaded by

    Angelito Romanda
    During the Spanish era from 1521-1897, the earliest coins brought to the Philippines were silver cobs or macuquinas from Mexico and other Spanish colonies. The widely circulated Spanish dos mundos coin from 1732-1772 featured twin crowned globes representing Spanish rule over the Old and New Worlds. Due to a shortage of small denomination coins, the first coins struck in the Philippines were crude copper barrillas worth about one centavo, which is the origin of the Filipino term "barya" meaning small change. Coins from other Spanish colonies circulated in the Philippines as well and were counterstamped, while the last Spanish coins minted featured the portrait of young King Alfonso

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Coins and Notes - History of Philippine

    Money

    Spanish Era 1521-1897

    The cobs or macuquinas of colonial mints were the earliest coins brought in by the galleons from Mexico
    and other Spanish colonies. These silver coins usually bore a cross on one side and the Spanish royal
    coat-of-arms on the other.

    The Spanish dos mundos were circulated extensively not only in the Philippines but the world over from
    1732-1772. Treasured for its beauty of design, the coin features twin crowned globes representing
    Spanish rule over the Old and the New World, hence the name “two worlds.” It is also known as the
    Mexican Pillar Dollar or the Columnarias due to the two columns flanking the globes.

    Due to the shortage of fractional coins, the barrillas, were struck in the Philippines as ordered by the
    Royalty of Spain. The barrilla, a crude bronze or copper coin worth about one centavo, was the first coin
    struck in the country. The Filipino term “barya”, referring to small change, had its origin in barrilla.

    Coins from other Spanish colonies also reached the Philippines and were counterstamped to legalize
    their circulation in the country. Gold coins with the portrait of Queen Isabela were minted in Manila.
    Silver pesos with the profile of young Alfonso XIII were the last coins minted in Spain. The pesos fuertes,
    issued by the country’s first bank, the El Banco Espanol Filipino de Isabel II, were the first paper money
    circulated in the country.

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