3 Ducados - Viktoria Mactan

The "Viktoria Mactan" name references the 2021 replica tall ship built to commemorate the Magellan-Elcano expedition's completion of the first circumnavigation of the globe, the 500th anniversary of which the Philippines marked with considerable official ceremony in 2021. The anachronistic 2020 date places this issue in the run-up to that quincentennial, part of a broader commemorative program. The "3 Ducados" denomination echoes the currency of 16th-century Spanish maritime commerce — not a unit ever circulated in the archipelago — chosen here for its historical resonance with the expedition's Castilian origins.