1920 Philippine Five Centavos

About This Coin

Marking the 10th of 25 years in the Philippines Five Centavos 1903-1945 series, the 1920 issue represents a mature point in the Philippine territorial coinage program, by which time the designs established at the series' inception in 1903 had become thoroughly familiar across the islands. Designed by Melecio Figueroa, the obverse depicts a male figure seated beside a hammer and anvil, an allegory of Philippine craftsmanship, while the reverse carries the American eagle above a shield shared across the silver denominations of U.S.-Philippine coinage. The 1920 date falls in the aftermath of World War I, during which the Philippines contributed resources and manpower to the Allied cause, strengthening the Filipino case for independence not formally granted until 1946. A notable auction result of $2.4K in MS65 grade at Heritage Auctions demonstrates that gem-quality examples of this modest denomination can achieve surprising prices, a testament to the scarcity of well-preserved Philippine coins from an era when tropical heat and humidity conspired with heavy use to degrade most specimens. The Five Centavos served as pocket change for millions of Filipinos, purchasing market goods and local services, and its widespread daily use ensures that the vast majority of survivors show the honest wear of active circulation.