Philippine peso now worth over u.s.$4.00 each

Discussion in 'World Coins' started by tracy5900, Jul 13, 2006.

  1. tracy5900

    tracy5900 Coin Hoarder

    no wonder the philippine government step up to check all outgoing lugggage to some foreign countries. one peso coin is equivalent to an american nickel except it is 22% heavier. 6.1 gram to 5.0 gram. now that nickel jumped so much in price. a one peso coin now worth over $4.00 each.
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  3. Marianne

    Marianne New Member

    The Philippine pesos made up till 2003 are now worth around 3.5 pesos in metal content (an alloy of 75% copper/25% nickel). But 3.5 pesos converts to about 7 U.S. cents, not 4USD. Still worthwhile for large smuggling operations, though.
  4. gxseries

    gxseries Coin Collector

    4USD??? That's silver you are talking about.

    Peso and USD are two different currency units you know.
  5. tracy5900

    tracy5900 Coin Hoarder

    rp peso

    sorry, i mean four pesos. and people can use it in south korea as 100 won or 5.50 peso. and in japan as 100 yen or 45.00 peso. what a big profit. no wonder each time the philippines consfiticated millions of pieces for that denomination.
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