Peso coin worth a million? Kuya Kim finds out

In light of reports that some local collectors sell supposedly rare coins at a price higher than the original amount, the public is advised not to fall for such scams.

According to Kuya Kim’s Friday report on “24 Oras” however, there is a peso coin valued at almost PHP1 million.

This is the 1906 US-Philippine peso coin, which is also known as the king of Philippine peso.

Made of 90% silver, the coin is said to be rare with just less than 200 pieces in existence.

Because these are highly sought after, buyers are warned against replicas in the market.

Meanwhile, the Bangko Sentral ng Pilipinas reminded the public against buying coins, such as the new generation currency (NGC) series, at higher prices.

“Hindi ito rare. Marami po tayong barya na bente,” said Nenette Malabrigo of BSP’s currency policy and integrity department.

“Kung ano ang makikita nating denominasyon dito, ’yun ang katapat nyang value,” she added. – RC, GMA News