Issued on November 30, 2017, on both the 120th anniversary of the death and 154th birthday of Andrés Bonifacio, the new five peso coin was released ahead of the other denominations of the new currency series.
It has been given new features to prevent counterfeiting.
The obverse features Filipino revolutionary leader Andrés Bonifacio, and the reverse depicts a tayabak, a type of Filipino vine.
 Each individual coin weighs 7.4 grams (0.26 oz), has a diameter of 25 millimetres (0.98 in), and has a smooth edge without ridges.
The coin's design was criticized for being too similar to the ₱1 coin, since they are both colour silver, circular, and nearly the same size.
However, it was also praised for inputting national hero Andrés Bonifacio and replacing Emilio Aguinaldo, who ordered Bonifacio's execution during the Philippine Revolution.

In September 2019, Benjamin Diokno, the current BSP Governor, announced that due to the confusion between the ₱5 coin and the ₱1 coin, a new "enhanced" ₱5 coin would be released in December 2019.
It was initially described as being scallop-edged but a later report on 29 November 2019 showed it as nonagon-shaped, with the rim being scalloped in the inside.
Issued on November 30, 2017, on both the 120th anniversary of the death and 154th birthday of Andrés Bonifacio, the new five peso coin was released ahead of the other denominations of the new currency series. It has been given new features to prevent counterfeiting. The obverse features Filipino revolutionary leader Andrés Bonifacio, and the reverse depicts a tayabak, a type of Filipino vine.  Each individual coin weighs 7.4 grams (0.26 oz), has a diameter of 25 millimetres (0.98 in), and has a smooth edge without ridges. The coin's design was criticized for being too similar to the ₱1 coin, since they are both colour silver, circular, and nearly the same size. However, it was also praised for inputting national hero Andrés Bonifacio and replacing Emilio Aguinaldo, who ordered Bonifacio's execution during the Philippine Revolution.
In September 2019, Benjamin Diokno, the current BSP Governor, announced that due to the confusion between the ₱5 coin and the ₱1 coin, a new "enhanced" ₱5 coin would be released in December 2019. It was initially described as being scallop-edged but a later report on 29 November 2019 showed it as nonagon-shaped, with the rim being scalloped in the inside.
Philippine five-peso coin