Security Feature - Fluorescent Printing

Ever wondered what cashiers are up to when they hold your banknotes under a money detector? You know, it's that device that emits some sort of dark purple light. It's the same kind of light that attracts innocent insects towards bug zappers.

Alright, your cashier is just checking if your money is fake or not. If placed under the money detector, some parts of the banknote would normally glow and reveal interesting marks. The marks are called fluorescent prints and they "fluoresce" or glow when exposed to UV light.

The money detector holds a special bulb called the UV lamp or black light. It emits ultraviolet light which causes fluorescent dyes on the banknote to light up. Fluorescent marks usually portray the denomination of the banknote and is located off-center to the left of the portraits. The dye is also incorporated in some of the serial numbers and security fibers. This causes them to glow as well.

Fluorescent printing is not entirely new. In fact, Bagong Lipunan bills already had them. Counterfeiters have been known to replicate fluorescent printing into fake bills. thus, it is not an assurance that your money is authentic.

Security Feature - Optically Variable Ink

Optically variable inks (OVI) are very expensive inks applied on banknotes as a security feature. So far, only the 1000 peso bills have this. There are two versions of OVI printing on the 1000 peso banknotes. The image above shows the newer 'improved' version on top of the older one. The former has more coverage and its color varies better. This is an excellent security feature because counterfeiters will need a lot of effort and money to replicate it.

So why are they called optically variable inks? Tiny flakes of color-shifting film are incorporated in the intaglio ink. Thus, prints of OVI change color when viewed from different angles. The pictures below show how the 1000 figure changes from green...

to blue... Or does it?

50 Centavo Coin Error (1983 )

Photo courtesy of Maiylah (pictureclusters.blogspot.com)

Long before there was the "Arrovo" error on the 100 peso bill, there was the "Pithecobhaga" error on the 1983 fifty centavo coin. The coin which comes from the flora and fauna series depicts the monkey-eating eagle, more popularly known as the Philippine eagle on its reverse side. The scientific name of this eagle, which happens to be the country's national bird, is Pithecophaga jefferyi but the Central Bank wrongly minted it as "Pithecobhaga jefferyi". A biologist reported the error to the Central Bank who immediately corrected the coins.

See the blog entry for the correct coin.

10 Peso People Power Commemorative Revolution Commemorative Coin

Ten Peso Commemorative Coin
People Power Revolution

Obverse: symbolisms of prayer, courage, and love, "People Power Revolution", "Philippines February 22-25, 1986"
Reverse: seal of the Republic of the Philippines, "Republika ng Pilipinas", denomination (10 Piso), year mark (1988)

Shape: round
Edge: milled

Diameter: 36 mm
Weight: 22 grams
Composition: 100% (pure) nickel

Quality: circulation

This coin is issued to commemorate an event of historic significance in the Philippines, the People Power Revolution of February 22-25, 1986. It depicts trhe protest of the Filipinos against an unpopular regime. By prayer, courage and love, this manifestation became the rallying point for the restoration of democracy in the country. It also features the seal of the Republic of the Philippines.

500 Peso Coin

Five Hundred Peso Coin (Philippine Silver Proof)
50th Anniversary of the Central Banking in the Philippines

Obverse:
Logos of the original Central Bank of the Philippines and the existing Bangko Sentral ng Pilipinas and the yeas 1949 and 1999. "Limampung Taon ng Pagbabangko Sentral sa Pilipinas"
Reverse: Old Central bank Building and the existing Bangko Sentral Complex. "Republika ng Pilipinas", "500 PISO".

Shape: Round
Edge: Milled

Diameter: 38.60 mm
Weight: 28.28 grams
Composition: 92.5% Silver

Issue Limit: 5000 Pieces
Year of Issue: 1999

Text on Certificate of Authenticity:

"We hereby certify that this 500 PISO coin has been struck by MONNAIE DE PARIS in Proof Quality and is an official issue of the BANGKO SENTRAL NG PILIPINAS with an issue limit of only 5,000 pieces worldwide." (Signed by Emmanuel Constans, Director of the French Mint and Gabriel C. Singson, Governor of the Bangko Sentral ng Pilipinas)