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| Issuer | Bangko Sentral ng Pilipinas |
|---|---|
| Year | 1998 |
| Type | Non-circulating coin |
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| Reverse script | Latin |
| Reverse lettering | IKASANDAANG TAONG PAGPAPAHAYAG NG KASARINLAN NG PILIPINAS 1898 1998 EMILIO F. AGUINALDO Unang Pangulo ng Republika ng Pilipinas |
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| Additional information |
Issued to mark the centennial of Philippine independence, declared by Emilio Aguinaldo on June 12, 1898 at Kawit, Cavite. Aguinaldo had purchased Spanish arms with $400,000 in gold from the colonial treasury as part of the Pact of Biak-na-Bato, returned from exile in Hong Kong aboard a U.S. Navy vessel, and declared independence within months — only to find the Treaty of Paris had transferred sovereignty to the United States without Filipino consent for $20 million.
The centennial program produced multiple commemorative denominations. This 500-piso piece is the principal silver issue of that series.