Due to some online sellers hoarding tons of the latest BSP released 20 Peso coin,The largest denomination coin are not circulated well to the public. It took us a year from its release before circuated to our store and to physically experience the coin onhand.
Banko Sentral ng Pilipinas Warns PuBlic:
MANILA, Philippines—The central bank warned the public against buying P20 coins from online merchants who are advertising them as being in mint condition and selling them from anywhere between five to eight times their face value.
In a statement, the Bangko Sentral ng Pilipinas (BSP) advised the public that “it has not issued brilliant uncirculated 20-Piso coins” that were being peddled on digital shopping portals like Lazada and Shopee.
“The BSP reminds the public to beware of online sellers advertising brilliant uncirculated 20-Piso coins for sale,” the regulator said.
“Brilliant uncirculated” is a term used by collectors to refer to coins that have never been circulated and, thus, retain their original mint luster, which makes these items command high prices among numismatic enthusiasts.
According to the BSP, the current 20-Piso New Generation Currency coins had been released to the public since December 2019.
Source: Inquirer.net
Thanks for the interesting report, @psychkrhoz.
@cve3 thanks for your support
Yay! 🤗
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yahaya boss hehe.
nka swerte boss dako2 sad na tigum na points pang boost
Thanks for this awareness post, at least ma aware ta.
Maka sana all ta ani dapita ba..
yawat nlng jay naay pang bugas...surebol nangbisa ka kilo ani 😁😁😁
Wala pajud ko ka experience nga magka niana hahaha wa pajud naabot sa among dapit, bantog ra diay, gipang collecta, and thank you sa awareness !
yes po gipang kolekta unya gi baligya up to 5x sa iyahang face value.
ngeek, and some people would actually fall for it ? 😅
collectors are always willing to pay the amount just to have the BU (brilliant uncirculated) condition.
ohh 😯, i see
kagaya ng coin na ito 1979 pa sya pro mukha paring bago dahil uncirculated sya nung na keep as collection.
luh ! First time ko to nakita, Grabeh ang ganda 😍 coin collector ka pala sir galing !
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