BSP warns against online sellers of Brilliant Uncirculated 20-Piso coins
The Bangko Sentral ng Pilipinas (BSP) advises the public that it has not issued Brilliant Uncirculated 20-Piso coins. The BSP reminds the public to beware of online sellers advertising Brilliant Uncirculated 20-Piso coins for sale.
A Brilliant Uncriculated coin is a coin that has never been in circulation and they retain the brilliance and luster they had fresh off the mint.
The 20-Piso New Generation Currency (NGC) circulation coins were released to the public beginning December 2019. As of end-August 2020, 2.09 million pieces of 20-Piso NGC coins amounting to PHP41.85 million are in circulation.
These 20-Piso NGC coins are legal tender and may be used as payment for goods and services at face value.