New BSP Series
Obverse: 5 Sentimo, "Republika ng Pilipinas", year mark
Reverse: logo of the Bankgo Sentral ng Pilipinas
Shape: round with 4mm hole
Edge: plain
Material: copper-covered steel
Composition: 6% copper balance steel
Weight: 1.9 grams
Diameter: 15.5 mm
This coin is the first in Philippine history to have a hole. Due to its small value, it has been used as a washer, as earrings, and various other kinds of ornaments. The hole actually shaves off part of the production cost by requiring less metal to mint a coin. It also helps differentiate the 5 centavo coin from the 10 and 1 centavo coins which are similar in size.
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