casino filipino coin 1987 price

deskgame： The Enigmatic casino Filipino Coin of 1987: A Priceless Piece of Philippine Numismatics

In the vast and diverse world of numismatics, the Casino Filipino coin of 1987 stands out as a unique and intriguing piece. Minted in the Philippines, this coin is not just a simple piece of currency; it is a historical artifact that tells a story of the country's rich cultural heritage and its evolution as a nation. This article delves into the history, design, rarity, and current market value of the Casino Filipino coin of 1987.

The Casino Filipino coin of 1987 was issued by the Philippine Amusement and Gaming Corporation (PAGCOR), the government-owned and controlled corporation responsible for the regulation of gambling and the operation of casinos in the Philippines. PAGCOR was established in 1976 and has since played a significant role in the country's economy, contributing to tourism and generating revenue for the government.

The 1987 Casino Filipino coin was minted to commemorate the 11th anniversary of PAGCOR's establishment. It was issued in denominations of 5, 10, 20, and 50 pesos, with the 50-peso denomination being the most sought after by collectors. The coin features a unique design that includes the PAGCOR logo, the denomination, and the year of minting.

The obverse side of the 50-peso Casino Filipino coin of 1987 showcases the PAGCOR logo, which consists of a stylized eagle with outstretched wings, symbolizing strength and freedom. The logo is encircled by the words "Casino Filipino" and the denomination "50 PESOS." The year "1987" is prominently displayed below the logo.

The reverse side of the coin features a stylized representation of the Philippine Islands, with the words "Republic of the Philippines" inscribed above and "Eleventh Anniversary" below. The design elements on both sides of the coin are intricate and well-executed, making it a visually appealing piece for collectors.

The Casino Filipino coin of 1987 is considered rare due to its limited minting and the fact that it was not widely circulated. Most of the coins were likely held by collectors or used as souvenirs by visitors to the casinos. The rarity of the coin has contributed to its high value in the numismatic market.

The current market price of the Casino Filipino coin of 1987 varies depending on the denomination and the condition of the coin. The 50-peso denomination is the most valuable, with prices ranging from $50 to $500 or more, depending on the condition and provenance of the coin. The 5-peso, 10-peso, and 20-peso denominations are also valuable, but to a lesser extent, with prices typically ranging from $10 to $100.

The value of the Casino Filipino coin of 1987 is influenced by several factors, including its historical significance, rarity, and condition. The coin's historical significance is rooted in its connection to PAGCOR and the Philippine gambling industry, which has played a significant role in the country's economic development. The rarity of the coin is due to its limited minting and the fact that it was not widely circulated. The condition of the coin is also a critical factor in determining its value, with coins in mint condition fetching higher prices than those that are worn or damaged.

The Casino Filipino coin of 1987 is not just a valuable piece of currency; it is also a tangible link to the Philippines' past. The coin represents a moment in time when the country was undergoing significant changes and developments. It is a reminder of the Philippines' rich cultural heritage and its evolution as a nation.

For collectors, the Casino Filipino coin of 1987 is a prized possession. It is a piece of history that tells a story of the Philippines' past and present. The coin's unique design, rarity, and historical significance make it a valuable addition to any numismatic collection.

In conclusion, the Casino Filipino coin of 1987 is a fascinating piece of Philippine numismatics. Its historical significance, rarity, and condition make it a valuable and sought-after coin in the numismatic market. For collectors and history enthusiasts alike, the Casino Filipino coin of 1987 is a priceless piece that offers a glimpse into the Philippines' rich cultural heritage and its evolution as a nation.