What's the correct one? I thought it was the first one, but I saw a lot of (well designed) typography with the second sign. Thanks
1 
2 
Typophile
₱ - The philippine peso sign design
1 is the correct Philippine peso.
2 is a popular (but unofficial and unencoded as of yet) sign for the Russian ruble.
Now it all fits together, it seems that some designers use the philipine peso Unicode instead...
Thanks! :)
Captured from web.archive.org on 20 Apr 2015. view this capture