2. In 1565- Galleon Trade started during the
colonization of the Philippines and it lasted for
250 years.
It transformed Manila into a trade center for
oriental goods.
Two odd-shaped silver coins used in this era:
Cobs
Macuquinas
3. In 18th century- the Royalty of Spain
authorized the production of copper coins by
the Ayuntamiento or Municipality of Manila in
response to the acute shortage of fractional
coins.
In 1728- the production of copper coins
appeared and was called barillas.
5. Silver and Gold Coins
In 1857- Queen Isabela II issued a degree,
ordering the founding of the Casa De Moneda
De Manila in the Philippines with the sole
purpose of coining gold.
Then it was established in 1861.
7. Silver coins bearing the image of King Alfonso
XII (who succeeded Isabella) were struck from
1880-1885.
8. A new one peso coin was struck in 1897 with
profile of the boy King Alfonso XIII.
9. This coin was only minted for one year, and at
the same time, the first silver coin to bear the
name of the Philippines “Islas Filipinas”.
This was the very last coin issued by Spain in
the Philippines.