Not only one or two persons told us that the year 2001 ten-peso coin can be sold for two hundred pesos (P200). How’s that possible? The ten peso-coin is made up of two alloys: the inner part is aluminum-bronze while the outer part is cupro-nickel. But according to some friends, the inner part of the ten-peso coins released in the year 2001 contains gold.
We did not want to believe but still we gave it the benefit of the doubt. It may be not as much as the gold bullion but it’s quite a big amount of money if we can collect at least 100 pieces so hubby started collecting. As of now, we have 30 pieces of year 2001 ten-peso coins. However, after doing some research, it turned out that it is a hoax. The inner part of the Philippine ten-peso coins released since 2000 up to the present has 92% copper, 6% aluminum and 2% nickel.
Yes, it was a lesson learned. We must do our research first before believing in what other people say. Central Bank follows a procedure in minting of coins. There’s no special reason or occasion why the 2001 batch of ten-peso coins have to be minted with gold. At least we were able to save three hundred pesos (P300)…more than enough for a half gallon of ice cream. Lol!