BSP to Produce More Papal Coins

Manila—(PHStocks)—Bangko Sentral ng Pilipinas (BSP)—In response to overwhelming public demand, the Bangko Sentral ng Pilipinas is minting more special edition coins commemorating the state and pastoral visit of Pope Francis to the Philippines last January. The increase was also approved by the Vatican under an amended Licensing Agreement with the BSP.

The additional Pope Francis commemorative coins will be available in the next few months as materials needed for the minting and packaging will go through public bidding. 

To avoid oversubscription beyond the amended agreement with the Vatican in view of the sustained demand, the BSP will close the period of reservation for the Papal Coins on Friday, 13 March 2015, earlier than the original deadline of June 30, 2015.  Coin orders placed up to 6 March will be fully served as supply becomes available.  Meanwhile, those received thereafter up to 13 March will be served on a pro-rata basis based on the actual remaining inventory.

For the coin pick-up, the BSP will issue a confirmation email on the specific date and place of the pick-up.  This email must be presented as proof of order when claiming the Papal coin/s.  Payment shall be paid in cash at the Cash Department for pick up in Metro Manila, and at designated BSP Regional/branch office, for outside Metro Manila.

The commemorative coins for Pope Francis is the fastest-selling so far among the special coins minted by the BSP.

The commemorative coins for Pope Francis are all legal tender and are being sold at prices higher than its face value to cover production, packaging and other costs. The four denominations and respective selling price of the special coins for Pope Francis are as follows: