3 Tons of Old Philippine Silver Coins Found Near Cemetery


Tons of old coins inside a tom beneath a sugarcane field

A Silay City sugarcane worker has plowed over 3 tons of old and valuable Philippine silver coins on Tuesday, February 16, 2016, while working in a sugarcane field just 50 meters away from the old cemetery.

Roberto Palermo, 44, or Brgy. Guimbalaon, Silay City, Negros Occidental rushed home and told his wife in disbelief after his plow pulled by his carabao hit a metal box full of old silver coins.

The couple returned to the field to secretly take the coins, but decided to report to the Brgy. Captain when they found out that the metal box was just a fraction of the buried treasure.

The City government went on to send workers and police escort to check the place and recover the treasure.

More than 1.8 million of coins weighing around 3 tones mostly dated from 1903 to 1937 were unearthed.

The sugarcane field were the coins were found was part of the cemetery during 1910s according to the residents, and the treasure was believed to be buried together with one of the richest patriarchs in Silay City during the Japanese occupation.

The Philippine Central Bank (Bangko Central ng Pilipinas) said the unearthed Philippine money could worth more than 27 million pesos based on the current silver cost per gram.

All of the finds were turned-over to the BSP for melting.

The couple who found the treasure was said to have been awarded by both the BSP and the City government with unspecified amount.

Residents believed that the couple found not just coins as the family abandoned their house after receiving the award from the government.

Old metal boxes and broken antique jars were found in their abandoned house by their cousins after they reportedly disappeared. Close relatives believed the couple also found jewelries and other valuable items aside from coins.

The field were the treasure were found is just a kilometer away from Bacolod-Silay International Airport, and just 50 meters away from Brgy. Guimbalaon Public Cemetery. /Riza Golez/


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