1944-1945 50 Centavos Filipino Silver Coin I WW2 Era Historical Coin I Monetized By The Government Of Philippines

After the United States took control of the Philippines, the United States Congress passed the Philippine Coinage Act of 1903, established the unit of currency to be a theoretical gold peso (not coined) consisting of 12.9 grains of gold 0.900 fine (0.0241875 XAU). This unit was equivalent to exactly half the value of a U.S. dollar.[13] Its peg to gold was maintained until the gold content of the U.S. dollar was reduced in 1934. Its peg of ₱2 to the U.S. dollar was maintained until independence in 1946. The act provided for the coinage and issuance of Philippine silver pesos substantially of the weight and fineness as the Mexican peso, which should be of the value of 50 cents gold and redeemable in gold at the insular treasury, and which was intended to be the sole circulating medium among the people. The act also provided for the coinage of subsidiary and minor coins and for the issuance of silver certificates in denominations of not less than 2 nor more than 10 pesos (maximum denomination increased to 500 pesos from 1905). It also provided for the creation of a gold-standard fund to maintain the parity of the coins so authorized to be issued and authorized the insular government to issue temporary certificates of indebtedness bearing interest at a rate not to exceed 4 percent per annum, payable not more than one year from date of issue, to an amount which should not at any one time exceed 10 million dollars or 20 million pesos.

• Numista › Coins › Philippines › Philippines 50 Centavos 50 Centavos - obverse50 Centavos - reverse Ma collection de monnaies Features IssuerPhilippines PeriodCommonwealth (1935-1946) TypeStandard circulation coin Years1944-1945 Value50 Centavos (0.50) CurrencyPeso (1857-1967) CompositionSilver (.750) (Copper .250) Weight10 g Diameter27.5 mm Thickness2 mm ShapeRound TechniqueMilled OrientationCoin alignment ↑↓ DemonetizedYes NumberN#15858Help ReferencesKM# 183, Schön# 21 Serie