Scotsman.com News - Latest News - High metal prices drive coin smuggling

"MANILA (Reuters) - Smugglers have tried to ship out millions of older one-peso coins from the Philippines, not for their face value of less than 2 U.S. cents each but for the copper and nickel content as metals prices soar.

The central bank said customs authorities seized a 40-foot container at the weekend that was loaded with 2-3 million coins, weighing 12.2-18.3 tonnes, bound for Japan. Any export of coins worth more than 10,000 pesos must be declared." (more) Scotsman.com News - Latest News - High metal prices drive coin smuggling: