The Case de Moneda de Manila obtained permission to mint fractional silver
coins on March 5, 1862. These coins in denominations of 10, 20 and 50 centimos
de peso, saw production from 1864 to 1868 (Isabel II series) and from 1880
to 1885 (Alfonso XII series). In 1897, a silver peso coin was minted in
Madrid and issued in an attempt to stabilize the currency situation in
the Philippines. The coin contained 25 grams of 0.900 fine silver and bore
the portrait of the young Alfonso XIII on one side and the legend "ISLAS
FILIPINAS" on the other.