Bagong Lipunan 1 Piso (1974) and Its History #coins #collectablescoins #silvercoins #goldcoins #subscribe

 

The Bagong Lipunan 1 Piso is one of the most popular and historically significant collectible coins in the Philippines. Beyond its face value, this coin is a piece of history, symbolizing the period of Martial Law under President Ferdinand Marcos and reflecting the ideals of the New Society (Bagong Lipunan) established in the 1970s. In this article, we will discuss the history, design, significance, and collectible value of this coin for collectors in the Philippines and around the world.

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1. Introduction: Coins as History

In the Philippines, coins are more than just currency; they are testaments to history, politics, and culture. Each coin issued by the government represents the nation’s identity and the direction of the country at that time.

The Bagong Lipunan 1 Piso of 1974 was released during a critical period: Martial Law. At first glance, it appears to be an ordinary coin used for everyday transactions. But for history enthusiasts and coin collectors, it is a valuable piece of memorabilia.

• Purpose: to showcase the New Society (Bagong Lipunan) under Marcos’ administration

• Part of the 1970s coin series with new designs and symbolism

• Reflects the political and cultural narrative of the era

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2. History of the New Society and Martial Law

Martial Law and the Context of the Era

On September 21, 1972, President Ferdinand Marcos declared Martial Law, which lasted until January 17, 1981. According to the government, the objectives were:

1. Suppress rebellion and civil unrest

2. Strengthen discipline and order

3. Accelerate national development

Historians note that political control and consolidation of power were also major factors behind the declaration. Under Martial Law:

• Press freedom was limited

• Media faced censorship

• The government strengthened control over economic and political institutions

The Concept of the New Society

The “New Society” (Bagong Lipunan) was a political and social reform program aiming to:

• Promote discipline and order in society

• Focus on economic development and nationalism

• Introduce new national symbols, including coins

Through the New Society, the government released the Bagong Lipunan coin series, including 1 Piso, 50 sentimos, and 25 sentimos coins, featuring new designs with patriotic symbolism.

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3. Design of the Bagong Lipunan 1 Piso 1974

Obverse (Front)

• Portrait of President Ferdinand Marcos

• Inscription: “Republika ng Pilipinas” and year 1974

• Symbolizes the New Society under Marcos’ administration

• Simple but symbolic design representing leadership at the time

Reverse (Back)

• Denomination: “1 Piso”

• National symbols, such as the Philippine coat of arms

• Minimalist but historically meaningful design

• Served as a propaganda tool for the New Society

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4. Production and Material

• Metal: Nickel-brass

• Diameter: 30 mm

• Weight: 12 grams (approx.)

• Part of the Bagong Lipunan coin series

• Designed for durability and circulation while serving as a national symbol

This coin is memorable to Filipinos because it was released during a period of major political and social transformation.

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5. Historical Significance

• Symbol of the political era: Reflects Martial Law and the New Society

• Propaganda tool: Showcased the new direction of the nation

• Collector favorite: Highly valued for historical significance and rarity

Martial Law and Coin Circulation

• Under Martial Law, the government strictly controlled the economy and monetary system

• Bagong Lipunan coins were widely circulated nationwide, becoming part of everyday life

• Coins represented the visual identity of the regime and its ideology

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6. Value as a Collectible

Factors Affecting Value

1. Condition

   • Uncirculated coins → higher value

   • Circulated coins → value depends on wear and tear

2. Mint marks

   • Coins with certain mint marks are rarer and more valuable

3. Historical significance

   • Coins from critical historical periods such as Martial Law → more collectible

4. Rarity

   • Limited mintage → higher demand among collectors

Current Market Value (Philippines, 2025)

• Circulated coin: ₱50–₱200

• Uncirculated or rare mint: ₱300–₱500+

• Collector auctions: can be higher depending on rarity and condition

💡 Tip: Always verify authenticity and buy from trusted sources such as coin shops, certified dealers, or reputable online sellers.

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7. Tips for Collectors

1. Check the Coin Condition

   • Scratches, discoloration, and wear affect value

2. Proper Storage

   • Use coin holders, albums, or airtight cases to prevent oxidation

3. Learn the History

   • Understanding Martial Law increases appreciation and value

4. Buy from Trusted Sources

   • Coin shops, auctions, or verified online marketplaces

5. Avoid Counterfeits

   • Research reference images and consult experienced collectors

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8. Coin Collecting as a Business Opportunity

For those interested in coin collecting as a business, the Bagong Lipunan 1 Piso is a great example:

• High demand among collectors of historical coins

• Easy to store and transport

• Potential appreciation over time

Steps to Start a Collectible Coin Business

1. Learn About Coins – Understand types, history, grading, and market trends

2. Start Small – Purchase affordable coins to learn buying, selling, and spotting rare items

3. Set Up Your Platform – Physical store, online shop, or social media presence

4. Engage with Collectors – Share knowledge, create blog posts, run coin-related polls

5. Protect Your Investment – Proper storage, insurance for rare coins, and security measures

💡 Tip: Coins with historical significance, like the Bagong Lipunan 1 Piso, are often more profitable than modern circulating coins.

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9. Cultural and Historical Reflection

• The Bagong Lipunan 1 Piso represents a unique period in Philippine history

• It reflects the political, social, and economic dynamics of the 1970s

• Collecting such coins is like holding a piece of history in your hand

• Coins help educate younger generations about Martial Law and the New Society era

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10. Conclusion

The Bagong Lipunan 1 Piso 1974 is more than just a coin; it is a piece of history, symbolizing Martial Law and the New Society under Marcos. For collectors and enthusiasts, it is a valuable, historical, and sentimental memorabilia.

Each coin tells a story of a critical era in the nation’s history. It serves as both a link to the past and a profitable opportunity for collectors and business-minded individuals looking to grow their collections and investments.