Depicts a bust of José Rizal, surrounded by the inscriptions. Mintmark below left ear.

José Protasio Rizal Mercado y Alonso Realonda (1861–1896) was a Filipino nationalist and polymath during the tail end of the Spanish colonial period of the Philippines. He was the author of the novels Noli Me Tángere and El filibusterismo, and a number of poems and essays. He is tagged as the national hero (pambansang bayani) of the Filipino people. An ophthalmologist by profession, Rizal became a writer and a key member of the Filipino Propaganda Movement, which advocated political reforms for the colony under Spain.

He was executed by the Spanish colonial government for the crime of rebellion after the Philippine Revolution, inspired in part by his writings, broke out. Though he was not actively involved in its planning or conduct, he ultimately approved of its goals which eventually led to Philippine independence.

Depicts the logo of the Central Bank of the Philippines between (left-top) half ray-design from the sun (a stylized representation of the Philippine flag), value below, date on the right.