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Updated: June 24, 2025
At various times the scarcity of copper coins has given rise to extensive forgeries of them, and caused a considerable depreciation in their actual value, the false coinage being all of spurious metal. The gold which is found at Pictas, in Misamis, and at Mambalao, Paracala, and Surigao, is consumed in the country in ornaments, &c., and some of it is sent also to China.
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