How Much Does this 1977 5,000-peso Gold Coin Cost Today?
I know a lot of Filipinos are goin’ gaga over Noynoy’s inflationary new Philippine peso bills. Some of my friends love the pinkish 50-peso bill. I don’t!
Now let me tell you one of the few things I like about the country’s strongman Ferdinand Marcos. His 1970s 5,000-peso gold coins!
Reverse: Seal of the President of the Republic of the Philippines, Republika ng Pilipinas, 5000 Piso
Quality: Frosted proof
Material: 2.21 troy ounces 900/1000 fine gold
Text on sealed cachet: The 1977 Five Thousand Piso Gold Coin of the Philippines.
The proof coin contained within this sealed cachet was struck by The Franklin Mint on March 24, 1977 the first day of minting of this Proof coin.
Minted under the authorization of the Central Bank of the Philippines by the Franklin Mint, Franklin Center, Pennsylvania, U.S.A.
Signed G.S. Licaros (Governor, Central Bank of the Philippines) and Charles L. Andes (Chairman of the Board, The Franklin Mint).
Obverse: President Ferdinand E. Marcos and First Lady Imelda R. Marcos, The New Society, “V Anniversary”, 1972-1977
The Five Thousand Philippine Peso Commemorative Gold Coins are being currently sold in the market for a minimum price of Php350,000.
What’s the price of gold today? According to Goldprice.org, the price of one gram of gold is PHP1933.73. There are 31.1034768 in one troy ounce of gold.
So if the gold coin in the photo above were not a Marcosian commemorative gold coin, its current price would have been PHP132,922.05! What does this mean? It only means that this is the right time to return to the gold standard and abandon fiat currency and today’s dollar standard!