its because peso is the main money of the Philippines..... thats why rizal is chosen to put in the coin not in anay larger amount because no matter how big is your money still it will carry the term "peso".whereas you will remember the national heroe of the philippines
The Philippines
Assuming this is a Mexican coin, you can probably find one in a dealer's "junk box" for a quarter.
The dos peso is a 22k gold coin tha weighs 1.667g. The actual gold content is 1.499g, or .0482 ounces, the rest being copper to add toughness to the coin. Multiply the spot price of an ounce of gold, (1424.10 this moment), times .0482 and get $68.62. Add a bit for the dealer if you're buying to about $73 or subtract a bit if you're selling to about $65 and there you are.
I'm guessing that what you have is a 1000 peso coin from Mexico, because they use the $ sign to mean "pesos", and no country whose coins are related to the U.S. dollar issues anything of that value.Unfortunately the peso's value was reduced to almost nothing by inflation, to the point where in 1992-93 Mexico replaced its old money with "nuevo pesos" (new pesos) at the rate of 1000 to 1. That makes your 1000 old pesos worth 1 new peso, which currently is only 10¢ U.S.
The Un Peso, or one peso, was minted, beginning in 1957 through 1967 as a circulating coin in Mexico (KM#459). They weighed 0.514 troy ounces, total mass. "Estados Unidos Mexicanos" is Spanish for "Mexican United States."As a foreign exchange, it is basically worthless. In 1992, the "old" Peso was re-valued, then exchanged at a rate of 1000 "old" Pesos for 1 "new" Peso. As of November 2009, the exchange rate was about 13 "new" pesos to the US dollar.As bullion, the coin weighs 15.987456 grams, or about 0.514 troy ounces total coin weight, of which 10% is silver, or 0.0514 troy ounces (10%). As of 21 September 2012, with silver at about US $34.78 per troy ounce, that gives your coin a "melt value" of about $1.79 US, or approximately $2.00, which includes the 90% copper content. As a practical matter, however, the low percentage of silver means that a bullion buyer would likely pay nowhere near that amount.As a numismatic item, the value depends on the coin's condition. 52.6 million were produced, so it is not particularly rare. In Brilliant Uncirculated condition, it may be worth anywhere from $5 to $8. In circulated condition, however, it is worth little more than its $2.00 melt value.
José Rizal is depicted on the Philippines' one peso coin as a tribute to his significance as a national hero. Rizal is known for his role in inspiring Filipino nationalism and advocating for social reform during the Spanish colonial period. Placing him on the coin serves as a reminder of his contributions to the country's history and independence.
Rizal's face is inscribed on the one peso coin because he is considered as a national hero of the Philippines and a symbol of Philippine nationalism. The one peso coin is widely circulated and easily accessible to the public, making it a fitting tribute to Rizal's legacy.
there is no 100 peso coin but if in peso coin you will multiply the 10 peso coin in 10
The Philippine 1 peso bill was changed into a coin in 1972 as part of the country's shift to a decimal currency system. The new coin was introduced to streamline transactions and improve the efficiency of currency circulation.
Some objects that represent Jose Rizal include a quill pen (symbolizing his writing and intellectual pursuits), a copy of his novel "Noli Me Tangere" or "El Filibusterismo" (representing his role as a national hero), and a pair of eyeglasses (symbolic of his vision for a better Philippines).
a peso coin is made through melting of copper ores and molding it into peso coins
The circumference of a one peso coin is 2.4 cm. A peso is the currency for the country of Mexico.
A Mexican 20 peso coin is worth about $1.57.
Peso
A peso coin is a form of currency used in countries such as Mexico, the Philippines, and various countries in South America. It typically features the denomination on one side and national symbols on the other. The value of a peso coin can vary depending on the country in which it is used.
1 peso equals about 0.065193 US dollars. So a 1000 peso coin would be worth about 65 dollars.
1 peso coins circumference?