Do you know that there's a shortage of P1 coins in our banks?  I wonder what's causing this shortage.  A bank officer told me that they think that the coins are being melted for its nickel content.  Even the P0.25 coins are hard to get these days.  And then there's the fake P5 coins going around.  The fake P5 coin is metallic and is attracted to magnet.  A friend in the bank I transact with told me that once they received a deposit of around P20,000 worth of fake P5 coins!!!  Fortunately, the bank operations officer was astute enough to check each and every P5 coin they receive.