The act of Congress of March 2, 1903 set up a coinage for the Philippine Islands under United States rule, tied to the American dollar at two pesos to one dollar. Its smallest coin was the bronze half centavo. The Filipino sculptor and engraver Melecio Figueroa won the competition for the designs and died in July 1903, soon after his coins went into use.
Every half centavo came from the Philadelphia Mint, which handled the base-metal Philippine coins and all the proofs in those early years. Business strikes are dated 1903 and 1904 only: the Red Book and Krause give 12,084,000 for 1903 and 5,654,000 for 1904. The coin found little favour in the islands, where it bought almost nothing, and it was withdrawn; accounts drawing on CoinWeek say the rest were melted after 1908. Philadelphia went on striking half centavos for the Philippine proof sets of 1905, 1906 and 1908, so those three dates exist only as proofs.












