Many people don't know that from 1903 to 1945 Philippine money was minted by the United States. I bought 3 of these Philippine Ten Centavos coins for $1 a piece today. Two of the coins are of 1944 mintage and the third was made in 1943. One was in uncirculated (UNC) condition. They are silver in material.
Obverse: Lady Liberty striking an anvil with a hammer with a volcano (Mt. Mayon) erupting in the background, "Ten Centavos", "Filipinas."
Reverse: Seal of the Republic of the Philippines, "United Status of America." There coins are good examples of coins during the Japanese Occupation period of the Philippines during WWII.
The American Period (1900-1941)
The Americans instituted a monetary system for the Philippine based on gold and pegged the Philippine peso to the American dollar at the ratio of 2:1. The US Congress approved the Coinage Act for the Philippines in 1903. The coins issued under the system bore the designs of Filipino engraver and artist, Melecio Figueroa. Coins in denomination of one-half centavo to one peso were minted. The renaming of El Banco Espanol Filipino to Bank of the Philippine Islands in 1912 paved the way for the use of English from Spanish in all notes and coins issued up to 1933. Beginning May 1918, treasury certificates replaced the silver certificates series, and a one-peso note was added.
The Japanese Occupation (1942-1945)
The outbreak of World War II caused serious disturbances in the Philippine monetary system. Two kinds of notes circulated in the country during this period. The Japanese Occupation Forces issued war notes in big denominations. Provinces and municipalities, on the other hand, issued their own guerrilla notes or resistance currencies, most of which were sanctioned by the Philippine government in-exile, and partially redeemed after the war.
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