A friend of mine dared me to look for one that was made locally, and since the 5 peso coin is currently in circulation, it didn't take long for me to find one. Worthy, here is proof that Manila Mint made 5 Peso coins in 1997.
|5 Piso PHILIPPINES|
Notice the mint mark of BSP below Emilio Aguinaldo's shoulder.
My friends and I had dinner at McDonald's and I was fortunate to find this coin in my change. Only thing left is to wait for a 1998 to turn up in my change.