Lifestyle Blog from the Philippines

Friday, February 5, 2021

Confusing Coins

To my readers from the Philippines: is anyone out there as confused as I am with our coins? 

We have so many coins here in the country: 1¢, 5¢, 10¢, 25¢, Php 1, Php 5, Php 10, and Php 20. Take note that there are also two versions of these coins. One set is from 1995 and another was launched in 2018. Both sets are still in circulation and are considered legal tender.

Image by Ri Butov from Pixabay

I find it so confusing that we have these two sets of coins. There are coins from one set that are the same size as the other, but both coins would have different values. It can get confusing when you are in a hurry and accepting change or paying someone with these coins. It can also be a bit of a hassle when the coins get old and become dirty because it is hard to distinguish which coin it is. 

It is tough these days because whenever I buy things the change would almost always be in coins – the smaller denominations. I got to the point that I had to use a coin purse because of all the coins I have with me. But then sometimes there would be too much that my coin purse would be full, and I cannot even zip it up. 

I think the whole situation, along with the fact that they are so hard to differentiate from one another, confused me to the point that I started to hate using coins. I began to avoid using them. Whenever I am given coins as change, I tend to put it in my piggy bank of sorts: I opened a coin hole from a used alcohol bottle and use it to keep my coins. In a year alone I was able to fill it up with various coins, mostly the smaller denominations, so it was an achievement that I was able to fill the bottle. My sister suggested that I should open up the bottle and have the coins exchanged since the older set of coins might become demonetized and that would be a waste of money.

The bottle is deceivingly heavy. I weighed it at 7lbs before I opened it up. I say deceivingly because it was small but very heavy and yet when I counted the coins it only had Php1,251.40 in coins in it. I managed to exchange some of the coins, but not all of them. Apparently, some places do not accept the smaller denominations (25¢ and below) because they do not have much use for them. It makes me wonder why we even bother with the smaller coins if a lot of places do not accept or use them anyway. They give it to us as change and when we try to exchange a bunch of them for paper bills, they do not accept them. The fact that I had so many of them that it could amount to a paper denomination meant that it was ultimately a waste of money. That is definitely not good. I mean, what is the point of having them in the first place then?

Security issues aside, it would be nice if we can have the NFC payments here in the country, so that you do not need to take out money when you are paying someone, and we could all easily pay each other without the use of coins or paper bills. Maybe I am just obsessed with Korean shows that show how they use that there in South Korea or maybe I am just really, truly sick of these coins and how they confuse me so much. 

Do these coins confuse you too? What do you do about it? What do you think of NFC payments? Leave me a message and share it with me!


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