Philippines | |
Value | 0.01 Philippine peso |
---|---|
Mass | 2.00 g |
Diameter | 15.5 mm |
Edge | Plain |
Composition | Copper-plated steel |
Years of minting | 1903-present |
Obverse | |
Design | 'Republika ng Pilipinas', year and denomination |
Design date | 1995 |
Reverse | |
Design | Logo of the Bangko Sentral ng Pilipinas |
Design date | 1995 |
The Philippine one centavo coin (1¢) is the smallest-denomination coin of the Philippine peso. It has been issued since 1903 during American rule. It became the smallest unit of currency following the removal of the half-centavo in 1908. Its current size and colour is similar to the five centavo coin, although that one has a hole in the middle.
No coins worth one hundredth of a peso were issued during the Spanish rule over the Philippines, as the 10 centimo was the smallest unit of currency of the Philippine peso fuerte (1861-1898).
The first one-centavo coin was issued under American rule in 1903. It featured an Islander near a volcano on the obverse with 'One Centavo' written on the top and 'Filipinas' on the bottom. The reverse featured the American coat of arms with the inscription 'United States of America' on the top and the date on the bottom. This coin was minted until 1936, the next year it featured a change on the reverse with a Filipino coat of arms. This second coin was minted until 1944.