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" Philippine Paper Money "
New Generation Banknotes of the Philippines 2010 New Generation & New Design
Year 2009, the Central Bank of the Philippines announced that it launched a massive redesign for current banknotes to further enhance security features and improve durability. The members of the numismatic committee include Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo Chairman of the National Historical Institute. The new banknote design features famous Filipinos and iconic natural wonders. The CBP started releasing the initial batch of new banknotes in 2010 of December while new coins will be introduced beginning 2012. Current banknotes will remain legal tender for at least three years.
On December 16, 2010, the new series & new design of Philippine banknotes were released.
All 6 denominations of Philippine Banknotes — 20, 50, 100, 200, 500 & 1,000 pesos have new designs and new security features.
P20 note
Obverse : President Manuel L. Quezon, Filipino as the National Language, Malacañang Palace, Seal of the President and the new BSP Seal.
On its obverse side President Manuel L. Quezon is the featured personality. He is popularly known as the “Father of the National Language”, the second president of the Philippines and the first to be elected to seat as head of our country through a national election. He worked tirelessly to gain recognition for the Philippines as an independent nation. During his term, a national language for the Philippines was adopted and our women are given the right to vote. President Quezon is the first Filipino President to hold office in theMalacañang Palace by the Pasig River.
Reverse : Design highlights map of the Philippines featuringBanaue Rice Terraces and the palm civet popularly known as “coffee alamid” from the mountains of the Cordilleras, which are famous for producing the best and most expensive coffee.
P50 note
Obverse: Page President Sergio Osmeña, First National Assembly, Leyte Landing of Gen. Douglas MacArthur and staff land at Palo Beach, Leyte, October 20, 1944 where he announce to the populace the beginning of their liberation: “People of the Philippines, I have returned! By the grace of Almighty God, our forces stand again on Philippine soil.”.
Reverse : Look features the Taal Lake the deepest freshwater lake in the country which host Taal Volcano, the worlds smallest volcano and the place where the Giant Trevally thrives, the fish is locally known as Maliputo, it is a delicious milky fish that can be only found on the lake.
P100 note
Obverse : side features President Manuel A. Roxas, Central Bank of the Philippines 1949 and the inaguration of the Third Republic July 4, 1946.
Reverse : Back side highlights the Majestic Mayon Volcano of Legazpi, Albay the country’s most active volcano which has near perfect cone. Also featured here is the “Butanding” or whale shark its scientific name was Rhincodon typus, the world’s largest living fish which is the main attraction of Water and Fish enthusiast in Donsol, Sorsogon.
P200 note
Obverse : Featured in the obverse side of this two hundred peso bill isPresident Diosdado P. Macapagal , with the Idependence house and Barasoain Church.
Reverse : The back side design highlights Chocolate Hills of Bohol and the Philippine tarsier described by wikipedia as the one of the world’s smallest primates which can be found in Bohol and in Samar, Leyte and Mindanao.
P500 note
Obverse : The Icons of Democracy President Corazon “Cory” Aquino and Senator Benigno “Ninoy” Aquino Jr. Including EDSA People Power I February 1986 and Benigno S. Aquino Jr. Monument. side of 500 peso bill design highlights eight-kilometer Puerto Princesa Subterranean River National Park in Palawan, Philippine cockatoo and the blue-naped parrot, which thrives in the forests of Palawan and Mindoro.Reverse : This side of 500 peso bill design highlights eight-kilometer Puerto Princesa Subterranean River National Park in Palawan, Philippine cockatoo and the blue-naped parrot, which thrives in the forests of Palawan and Mindoro province.
P1,000 note
Obverse : The 1000 peso note features war heroes Josefa Llanes Escoda, Jose Abad Santos and Vicente P. Lim also a picture of the Centenial of Philippine Independence and photo of Medal of Honor.
Reverse : This side features Tubbataha Reef Marine Park one of the declared UNESCO World Heritage Site and a picture of South Sea Pearl, which is came from oysters, this is a pearl produced by the Pinctada maxima mollusk that thrive in the South Seas of Sulu Sea.
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On December 16, 2010, the new series & new design of Philippine banknotes were released.
All 6 denominations of Philippine Banknotes — 20, 50, 100, 200, 500 & 1,000 pesos have new designs and new security features.
P20 note
Obverse : President Manuel L. Quezon, Filipino as the National Language, Malacañang Palace, Seal of the President and the new BSP Seal.
On its obverse side President Manuel L. Quezon is the featured personality. He is popularly known as the “Father of the National Language”, the second president of the Philippines and the first to be elected to seat as head of our country through a national election. He worked tirelessly to gain recognition for the Philippines as an independent nation. During his term, a national language for the Philippines was adopted and our women are given the right to vote. President Quezon is the first Filipino President to hold office in theMalacañang Palace by the Pasig River.
Reverse : Design highlights map of the Philippines featuringBanaue Rice Terraces and the palm civet popularly known as “coffee alamid” from the mountains of the Cordilleras, which are famous for producing the best and most expensive coffee.
P50 note
Obverse: Page President Sergio Osmeña, First National Assembly, Leyte Landing of Gen. Douglas MacArthur and staff land at Palo Beach, Leyte, October 20, 1944 where he announce to the populace the beginning of their liberation: “People of the Philippines, I have returned! By the grace of Almighty God, our forces stand again on Philippine soil.”.
Reverse : Look features the Taal Lake the deepest freshwater lake in the country which host Taal Volcano, the worlds smallest volcano and the place where the Giant Trevally thrives, the fish is locally known as Maliputo, it is a delicious milky fish that can be only found on the lake.
P100 note
Obverse : side features President Manuel A. Roxas, Central Bank of the Philippines 1949 and the inaguration of the Third Republic July 4, 1946.
Reverse : Back side highlights the Majestic Mayon Volcano of Legazpi, Albay the country’s most active volcano which has near perfect cone. Also featured here is the “Butanding” or whale shark its scientific name was Rhincodon typus, the world’s largest living fish which is the main attraction of Water and Fish enthusiast in Donsol, Sorsogon.
P200 note
Obverse : Featured in the obverse side of this two hundred peso bill isPresident Diosdado P. Macapagal , with the Idependence house and Barasoain Church.
Reverse : The back side design highlights Chocolate Hills of Bohol and the Philippine tarsier described by wikipedia as the one of the world’s smallest primates which can be found in Bohol and in Samar, Leyte and Mindanao.
P500 note
Obverse : The Icons of Democracy President Corazon “Cory” Aquino and Senator Benigno “Ninoy” Aquino Jr. Including EDSA People Power I February 1986 and Benigno S. Aquino Jr. Monument. side of 500 peso bill design highlights eight-kilometer Puerto Princesa Subterranean River National Park in Palawan, Philippine cockatoo and the blue-naped parrot, which thrives in the forests of Palawan and Mindoro.Reverse : This side of 500 peso bill design highlights eight-kilometer Puerto Princesa Subterranean River National Park in Palawan, Philippine cockatoo and the blue-naped parrot, which thrives in the forests of Palawan and Mindoro province.
P1,000 note
Obverse : The 1000 peso note features war heroes Josefa Llanes Escoda, Jose Abad Santos and Vicente P. Lim also a picture of the Centenial of Philippine Independence and photo of Medal of Honor.
Reverse : This side features Tubbataha Reef Marine Park one of the declared UNESCO World Heritage Site and a picture of South Sea Pearl, which is came from oysters, this is a pearl produced by the Pinctada maxima mollusk that thrive in the South Seas of Sulu Sea.
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New Series of Philippine Paper Money
1985-2013
1985 New Design and 1993 BSP Series
In 1983, the Committee was deciding the issuing of new banknotes to replace the Ang Bagong Lipunan Series by issuing seven new banknotes consisting of 5, 10, 20, 50, 100, 500, and 1000-peso banknotes.
On June 12, 1985, the Central Bank issued the New Design Series starting with a new 5-peso banknote with the face of Emilio Aguinaldo. The following months, a new 10-peso banknote with the face of Apolinario Mabini. In early 1986, a new 20-peso banknote appeared. After the 1986 People Power Revolution and the new1987 Constitution was promulgated, the Central Bank issued a new 50, 100- and for the second time a new 500-peso banknote with the face of Benigno Aquino, Jr.. In 1991, the Central Bank issued for the first time a new 1000-peso banknote, containing the pictures of Jose Abad Santos, Josefa Llanes Escoda and Vicente Lim.
After the passage of the New Central Bank Act of 1993, the New Design Series, which was initiated in 1985, was slightly changed because of new seal of the Bangko Sentral ng Pilipinas. In 1998, the 100,000-peso Centennial banknote, measuring 8.5"x14", accredited by the Guinness Book of World Records as the world's largest legal tender note. It was issued in very limited quantity during the celebration of the Centennial of Philippine Independence. In 2001, the Bangko Sentral issued upgraded 1000, 500, and 100-peso banknotes with new hi-tech security features to combat counterfeiting. During the Estrada Administration, the practice in use since the Commonwealth, of reproducing the signature of the President of the Philippines over the legend "President of the Philippines" was abandoned in favor of explicitly stating the president's name. In 2002, the Bangko Sentral issued a new 200-peso banknote with the security features found on the upgraded 1000, 500, and 100-peso banknotes and has the face of former President Diosdado Macapagal. His daughter, Gloria Macapagal-Arroyo, is at the back of the 200-peso banknote which showed her being sworn into office at the EDSA Shrine. She is the first president whose image has been included in a banknote while in office since emergency currency was issued by various provincial currency boards during World War II.
The series was renamed the BSP Series in 1993 when the Bangko Sentral ng Pilipinas was reestablished as the central monetary authority. These banknotes remains legal tender until 2013.
The New Design Series has less security features. (only the visible fibers, value panel, security thread and watermark.)
The BSP Series has added more security features such as another glossy security thread, iridescent strip, fluorescent printing, optically variable ink, and microprints.
On June 12, 1985, the Central Bank issued the New Design Series starting with a new 5-peso banknote with the face of Emilio Aguinaldo. The following months, a new 10-peso banknote with the face of Apolinario Mabini. In early 1986, a new 20-peso banknote appeared. After the 1986 People Power Revolution and the new1987 Constitution was promulgated, the Central Bank issued a new 50, 100- and for the second time a new 500-peso banknote with the face of Benigno Aquino, Jr.. In 1991, the Central Bank issued for the first time a new 1000-peso banknote, containing the pictures of Jose Abad Santos, Josefa Llanes Escoda and Vicente Lim.
After the passage of the New Central Bank Act of 1993, the New Design Series, which was initiated in 1985, was slightly changed because of new seal of the Bangko Sentral ng Pilipinas. In 1998, the 100,000-peso Centennial banknote, measuring 8.5"x14", accredited by the Guinness Book of World Records as the world's largest legal tender note. It was issued in very limited quantity during the celebration of the Centennial of Philippine Independence. In 2001, the Bangko Sentral issued upgraded 1000, 500, and 100-peso banknotes with new hi-tech security features to combat counterfeiting. During the Estrada Administration, the practice in use since the Commonwealth, of reproducing the signature of the President of the Philippines over the legend "President of the Philippines" was abandoned in favor of explicitly stating the president's name. In 2002, the Bangko Sentral issued a new 200-peso banknote with the security features found on the upgraded 1000, 500, and 100-peso banknotes and has the face of former President Diosdado Macapagal. His daughter, Gloria Macapagal-Arroyo, is at the back of the 200-peso banknote which showed her being sworn into office at the EDSA Shrine. She is the first president whose image has been included in a banknote while in office since emergency currency was issued by various provincial currency boards during World War II.
The series was renamed the BSP Series in 1993 when the Bangko Sentral ng Pilipinas was reestablished as the central monetary authority. These banknotes remains legal tender until 2013.
The New Design Series has less security features. (only the visible fibers, value panel, security thread and watermark.)
The BSP Series has added more security features such as another glossy security thread, iridescent strip, fluorescent printing, optically variable ink, and microprints.
Five pesos note
Philippine 5 Piso bill
The 5 peso note depicts Emilio Aguinaldo, a Philippine resistance hero who first fought the Spanish, and later the American occupiers of the country. He was President of the First Republic of the Philippines from 1899-1901. On the reverse you can see the proclamation of Philippine independence, from the balcony of Aguinaldo's house on June 12, 1898.
Note: You won't find this note in circulation, as it has been replaced by 5 peso coin.
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. Black serial#. FV 0.65 2.00
b. Sign. C. Aquino & J. Fernandez Black serial#. FV FV 1.50
c. Sign. as b. Red serial # (1990). FV FV 1.00
d.Sign. C. Aquino & J. Cuisia Jr. Red serial #. FV FV 1.00
e. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 0.75
f. Sign. as b. Uncut sheet of 4. - - 30.00
g. Sign as d. Uncut sheet of 4. - - 30.00
h. Sign as e. Uncut sheet of 4. - - 15.00
s1. Sign as b. Specimen. - - 15.00
s2. Sign as c. Specimen - - 15.00
s3. Sign as d. Specimen - - 20.00
Note: You won't find this note in circulation, as it has been replaced by 5 peso coin.
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. Black serial#. FV 0.65 2.00
b. Sign. C. Aquino & J. Fernandez Black serial#. FV FV 1.50
c. Sign. as b. Red serial # (1990). FV FV 1.00
d.Sign. C. Aquino & J. Cuisia Jr. Red serial #. FV FV 1.00
e. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 0.75
f. Sign. as b. Uncut sheet of 4. - - 30.00
g. Sign as d. Uncut sheet of 4. - - 30.00
h. Sign as e. Uncut sheet of 4. - - 15.00
s1. Sign as b. Specimen. - - 15.00
s2. Sign as c. Specimen - - 15.00
s3. Sign as d. Specimen - - 20.00
Ten pesos note
Philippine 10 Piso bill
The 10 peso note depicts Apolinario Mabini and Andres Bonifacio. Bonifacio was the founder of the Katipunan, a secret society established to fight the Spanish. Mabini was the Philippines first Prime Minister and Secretary of Foreign Affairs even though he was a handicap. On the reverse is the church of Barasoain, the site of the first Philippine Congress and where the Malolos Constitution was drafted.
Note: You won't find this note in circulation, as it has been replaced by 10 peso coin.
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. FV 1.00 4.00
b. Sign. C. Aquino & J. Fernandez FV FV 1.75
c.Sign. C. Aquino & J. Cuisia Jr. Black serial #. FV FV 2.00
d. Sign. c. R. Red serial #. FV FV 2.50
e. Sign. M. Ramos & J. Cuisia Jr. - - 2.50
f. Sign as b. Uncut sheet of 4. - - 38.50
g. Sign as b. Uncut sheet of 32. - - -
s. Sign as b. Specimen. - - 25.00
Note: You won't find this note in circulation, as it has been replaced by 10 peso coin.
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. FV 1.00 4.00
b. Sign. C. Aquino & J. Fernandez FV FV 1.75
c.Sign. C. Aquino & J. Cuisia Jr. Black serial #. FV FV 2.00
d. Sign. c. R. Red serial #. FV FV 2.50
e. Sign. M. Ramos & J. Cuisia Jr. - - 2.50
f. Sign as b. Uncut sheet of 4. - - 38.50
g. Sign as b. Uncut sheet of 32. - - -
s. Sign as b. Specimen. - - 25.00
Twenty pesos note
Philippine 20 Piso bill
The 20 peso note depicts Manuel L. Quezon, first president of the Commonwealth of the Philippines. Along the right side of the bill are the coat-of-arms of the Commonwealth, and two of Quezon's notable accomplishments. The reverse side of the 20-Piso bill depicts Malacañan Palace, more popularly known as Malacañang Palace, the residence of the President of the Philippines, along the banks of the Pasig River. Quezon was the first Philippine president to live in the Palace.
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. Black serial#. FV 2.00 8.00
b. Sign. C. Aquino & J. Fernandez Black serial#. FV 1.00 4.00
c. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV FV 3.00
d. Sign. as b. Red serial #. FV 1.00 5.00
e. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 1.35
f. Sign. M. Ramos & J. Cuisia Jr. Black serial#. - 2.00 8.00
g. Sign as b. Uncut sheet of 4. - - 45.00
s. Sign as b. Specimen. - - 35.00
VG VF Unc
a.Sign. F. Marcos & J. Fernandez. Black serial#. FV 2.00 8.00
b. Sign. C. Aquino & J. Fernandez Black serial#. FV 1.00 4.00
c. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV FV 3.00
d. Sign. as b. Red serial #. FV 1.00 5.00
e. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 1.35
f. Sign. M. Ramos & J. Cuisia Jr. Black serial#. - 2.00 8.00
g. Sign as b. Uncut sheet of 4. - - 45.00
s. Sign as b. Specimen. - - 35.00
Fifty pesos note
Philippine 50 Piso bill
This note depicted on the front is Sergio Osmeña, the second president of the Commonwealth of the Philippines. He served as president from 1944, after Quezon's death, to 1946, when the United States granted the Philippines' independence. On the Reverse of the bill is The National Museum. This building used to be the Legislative Building, where the House of Representatives that Osmena presided over as Speaker from 1907-1922.
VG VF Unc
a. Sign. C. Aquino & J. Fernandez Black serial#. FV 1.00 5.00
b. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV 1.00 4.50
c. Sign. M. Ramos & J. Cuisia Jr. Black serial #. FV FV 4.00
s1. Sign. as a. Specimen. - - 75.00
s2. Sign as b. Specimen. - - 65.00
s3. Sign as b. Uncut sheet of 4. Specimen. - - 30.00
s4. Sign as c. Specimen. - - 65.00
VG VF Unc
a. Sign. C. Aquino & J. Fernandez Black serial#. FV 1.00 5.00
b. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV 1.00 4.50
c. Sign. M. Ramos & J. Cuisia Jr. Black serial #. FV FV 4.00
s1. Sign. as a. Specimen. - - 75.00
s2. Sign as b. Specimen. - - 65.00
s3. Sign as b. Uncut sheet of 4. Specimen. - - 30.00
s4. Sign as c. Specimen. - - 65.00
One Hundred pesos note
Philippine 100 Piso bill
The front side of the bill features Manuel Roxas, the first president of the independent Philippine Republic. This independence is shown at the right side where the Philippine flag was raised. The reverse side of the bill depicts the Manila compound of the Central Bank of the Philippines.
VG VF Unc
a. Sign. C. Aquino & J. Fernandez. FV FV 9.00
b. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV FV 9.00
c. Sign. as b. Red serial #. FV FV 10.00
d. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 5.00
e. Sign. as d. Blue serial # FV FV 10.00
s1. Sign as a. Specimen. - - 15.00
s2. Sign as b. Specimen. - - 13.50
s3. Sign as c. Specimen. - - 15.00
s4. Sign as d. Specimen. - - 70.00
s5. Sign as d. Specimen. Uncut sheet of 4. - - 25.00
s6. Sign as b. Specimen. Uncut sheet of 4. - - 75.00
s7. Sign. as b. Specimen. Uncut sheet of 32. - - 200.00
s8. Sign as e. Specimen. Blue serial#. - - 75.00
VG VF Unc
a. Sign. C. Aquino & J. Fernandez. FV FV 9.00
b. Sign C. Aquino & J. Cuisia Jr. Black serial#. FV FV 9.00
c. Sign. as b. Red serial #. FV FV 10.00
d. Sign. M. Ramos & J. Cuisia Jr. Red serial #. FV FV 5.00
e. Sign. as d. Blue serial # FV FV 10.00
s1. Sign as a. Specimen. - - 15.00
s2. Sign as b. Specimen. - - 13.50
s3. Sign as c. Specimen. - - 15.00
s4. Sign as d. Specimen. - - 70.00
s5. Sign as d. Specimen. Uncut sheet of 4. - - 25.00
s6. Sign as b. Specimen. Uncut sheet of 4. - - 75.00
s7. Sign. as b. Specimen. Uncut sheet of 32. - - 200.00
s8. Sign as e. Specimen. Blue serial#. - - 75.00
Two Hundred pesos note
Philippine 200 Piso bill
This 200 note introduced in 2002, this bill depicts President Diosdado Macapagal, the father of the president, Gloria Macapagal Arroyo. The back side of the bill features a scene from EDSA II uprising, with Gloria Macapagal-Arroyo, being sworn in as president by Chief Justice in January 2001.
Five Hundred pesos note
Philippine 500 Piso bill
The front side of the 500-Piso bill features the portrait of Benigno Aquino, Jr. To the right of the bill, there are two popular quotes from Aquino: "Faith in our people and faith in God", and "The Filipino is worth dying for". The reverse side features a collage of various images in relation to Aquino. He was a journalist for the Manila Times, a senator, the mayor in his hometown of Concepcion, the governor of Tarlac, and was the main driving force behind the People Power Revolution of 1986, three years after his death.
VG VF Unc
a. Sign. C. Aquino & J. Fernandez. FV FV 45.00
b. Sign C. Aquino & J. Cuisia Jr. FV FV 40.00
c. Sign M. Ramos & J. Cuisia Jr. FV FV 30.00
s1. Sign. as a. Specimen. - - 90.00
s2. Sign as b. Specimen. - - 80.00
s3. Sign. as b. Specimen. Uncut sheet of 4. - - 90.00
VG VF Unc
a. Sign. C. Aquino & J. Fernandez. FV FV 45.00
b. Sign C. Aquino & J. Cuisia Jr. FV FV 40.00
c. Sign M. Ramos & J. Cuisia Jr. FV FV 30.00
s1. Sign. as a. Specimen. - - 90.00
s2. Sign as b. Specimen. - - 80.00
s3. Sign. as b. Specimen. Uncut sheet of 4. - - 90.00
One Thousand pesos note
Philippine 1000 Piso bill
The front side of the 1000-Peso bill features the portraits of Jose Abad Santos, Vincent Lim, and Josefa Llanes Escoda. The three are considered heroes of the resistance against the Japanese Occupation of the Philippines during the world war II. On the reverse you can see the Banawe rice terraces and some tribal artifacts.
Note: This is the largest note in regular circulation for the Philippines. You shouldn't expect a street merchant or taxi driver to have change for it.
VG VF Unc
a. Sign C. Aquino & J. Cuisia Jr. FV FV 85.00
b. Sign M. Ramos & J. Cuisia Jr. FV FV 60.00
Note: This is the largest note in regular circulation for the Philippines. You shouldn't expect a street merchant or taxi driver to have change for it.
VG VF Unc
a. Sign C. Aquino & J. Cuisia Jr. FV FV 85.00
b. Sign M. Ramos & J. Cuisia Jr. FV FV 60.00
ANG BAGONG LIPUNAN Series Philippine Notes
(1973-1985 ABL Series)
SET of ABL series available for SALE at this site : click ABL
The Ang Bagong Lipunan series (The New Society Series) is the name used to refer to Philippine banknotes issued by the Central Bank of the Philippines from 1973 to 1985. It was succeeded by the New Design series of banknotes. The lowest denomination of the series is 2-pesos and the highest is 100-pesos.
After the declaration of Proclamation № 1081 by President Ferdinand Marcos on September 23, 1972, the Central Bank was to demonetize the existing banknotes in 1974, pursuant to Presidential Decree 378. All the unissued Pilipino Series banknotes (except one peso banknote) were sent back to the De La Rue plant in London for overprinting the watermark area with the words "ANG BAGONG LIPUNAN" and oval geometric safety design. The one peso bill was replaced with the two peso bill, which features the same elements of the demonetized Pilipino series one peso bill.
On September 7, 1978, the Security Printing Plant in Quezon City was inaugurated to produce the banknotes.
The banknotes were still legal tender even after the introduction of the New Design Series banknotes, however it is seldom used after the EDSA Revolution. The banknotes were eventually demonetized on February 2, 1993 (but can still be exchange with legal tender currency to the Central Bank until February 2, 1996), after clamors that the banknotes can be used to buy votes for the coming presidential elections.
After the declaration of Proclamation № 1081 by President Ferdinand Marcos on September 23, 1972, the Central Bank was to demonetize the existing banknotes in 1974, pursuant to Presidential Decree 378. All the unissued Pilipino Series banknotes (except one peso banknote) were sent back to the De La Rue plant in London for overprinting the watermark area with the words "ANG BAGONG LIPUNAN" and oval geometric safety design. The one peso bill was replaced with the two peso bill, which features the same elements of the demonetized Pilipino series one peso bill.
On September 7, 1978, the Security Printing Plant in Quezon City was inaugurated to produce the banknotes.
The banknotes were still legal tender even after the introduction of the New Design Series banknotes, however it is seldom used after the EDSA Revolution. The banknotes were eventually demonetized on February 2, 1993 (but can still be exchange with legal tender currency to the Central Bank until February 2, 1996), after clamors that the banknotes can be used to buy votes for the coming presidential elections.
2 Two pesos note
Philippine 2 Piso bill ABL
Obv : Jose Rizal side view head
Rev : Scene of Aguinaldo's Independence Declaration on June 12, 1898.
VG VF Unc
Issued note. 0.20 0.40 1.25
Specimen. - - 12.00
Specimen. De La Rue. - - 225.00
Rev : Scene of Aguinaldo's Independence Declaration on June 12, 1898.
VG VF Unc
Issued note. 0.20 0.40 1.25
Specimen. - - 12.00
Specimen. De La Rue. - - 225.00
5 Five pesos note
Philippine 5 Piso bill ABL
Obv : Andres Bonifacio head
Rev : Scene of the Katipunan organization
VG VF Unc
Dark ovpt. 0.30 0.80 3.00
Light ovpt. 0.30 0.80 3.00
Specimen. - - 20.00
Specimen. De La Rue. - - 225.00
Rev : Scene of the Katipunan organization
VG VF Unc
Dark ovpt. 0.30 0.80 3.00
Light ovpt. 0.30 0.80 3.00
Specimen. - - 20.00
Specimen. De La Rue. - - 225.00
10 Ten pesos note
Philippine 10 Piso bill ABL
Obv : Apolinario Mabini head
Rev : Barasoain Church
VG VF Unc
Issued note. 0.30 0.75 2.00
Specimen. - - 25.00
Specimen. De La Rue. - - 225.00
Rev : Barasoain Church
VG VF Unc
Issued note. 0.30 0.75 2.00
Specimen. - - 25.00
Specimen. De La Rue. - - 225.00
20 Twenty pesos note
Philippine 20 Piso bill ABL
Obv : Manuel L. Quezon head
Rev : Malakanyang Palace at Pasig River
VG VF Unc
Issued note. 0.75 2.00 5.00
Specimen. - - 35.00
Specimen. De La Rue. - - 225.00
Rev : Malakanyang Palace at Pasig River
VG VF Unc
Issued note. 0.75 2.00 5.00
Specimen. - - 35.00
Specimen. De La Rue. - - 225.00
50 Fifty pesos note
Philippine 50 Piso bill ABL
Obv : Serio Osmena head
Rev : Legislative Building
VG VF Unc
Brown sign. title. 3.00 5.00 15.00
Red sign. title. 3.00 10.00 30.00
Sign. as b. Specimen. - - 45.00
Rev : Legislative Building
VG VF Unc
Brown sign. title. 3.00 5.00 15.00
Red sign. title. 3.00 10.00 30.00
Sign. as b. Specimen. - - 45.00
100 One Hundred pesos note
Philippine 100 Piso bill ABL
Obv : Manuel Roxas head
Rev : Old Central Bank of the Philippines
VG VF Unc
Sign. F. Marcos & A. Calalang. 5.00 20.40 50.00
Sign. F. Marcos & G. Licaros. 1.50 3.00 15.00
Sign. as Specimen. - - 200.00
Sign. as b. Specimen. - - 65.00
Rev : Old Central Bank of the Philippines
VG VF Unc
Sign. F. Marcos & A. Calalang. 5.00 20.40 50.00
Sign. F. Marcos & G. Licaros. 1.50 3.00 15.00
Sign. as Specimen. - - 200.00
Sign. as b. Specimen. - - 65.00
PILIPINO Series Philippine Notes (1969-1973 )
SET of Pilipino series available for SALE at this site : click PILIPINO
Pilipino Series notes
The Pilipino series banknotes is the name used to refer to Philippine banknotes issued by the Central Bank of the Philippines from 1969 to 1973, during the term of President Ferdinand Marcos. It was succeeded by the Ang Bagong Lipunan Series of banknotes, to which it shared a similar design. The lowest denomination of the series is 1-piso and the highest is 100-piso.
This series represented a radical change from the English series. The bills underwent Filipinization and a design change.
After the declaration of Proclamation № 1081 on September 23, 1972, the Central Bank demonetized the existing banknotes (both the English and Pilipino series) on February 28, 1974, pursuant to Presidential Decree No. 378[1]. All the unissued banknotes were sent back to the De La Rue plant in London for overprinting the watermark area with the words "ANG BAGONG LIPUNAN" and an oval geometric safety design.
This series represented a radical change from the English series. The bills underwent Filipinization and a design change.
After the declaration of Proclamation № 1081 on September 23, 1972, the Central Bank demonetized the existing banknotes (both the English and Pilipino series) on February 28, 1974, pursuant to Presidential Decree No. 378[1]. All the unissued banknotes were sent back to the De La Rue plant in London for overprinting the watermark area with the words "ANG BAGONG LIPUNAN" and an oval geometric safety design.
1 One peso note
Philippine 1 Piso bill Plipino series note
Obv : Jose Rizal head
Rev : Scene of Aguinaldo's Independence Declaration on June 12, 1898.
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.20 0.60 1.75
b. Sign. F. Marcos & G. Licaros. 0.15 0.50 1.25
Sign. as b. Specimen. - - 45.00
Rev : Scene of Aguinaldo's Independence Declaration on June 12, 1898.
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.20 0.60 1.75
b. Sign. F. Marcos & G. Licaros. 0.15 0.50 1.25
Sign. as b. Specimen. - - 45.00
5 Five pesos note
Philippine 5 Piso bill Plipino series note
Obv : Andres Bonifacio head
Rev : Scene of the Katipunan organization
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.50 1.50 4.50
b. Sign. F. Marcos & G. Licaros. 0.20 1.00 3.50
Sign. as b. Specimen. - - 25.00
Rev : Scene of the Katipunan organization
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.50 1.50 4.50
b. Sign. F. Marcos & G. Licaros. 0.20 1.00 3.50
Sign. as b. Specimen. - - 25.00
10 Ten pesos note
Philippine 10 Piso bill Plipino series note
Obv : Apolinario Mabini head
Rev : Barasoain Church
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.50 1.50 5.00
b. Sign. F. Marcos & G. Licaros. 0.50 1.50 4.00
s1. Sign. as a. Specimen. - - 125.00
s2. Sign. as b. Specimen. - - 20.00
Rev : Barasoain Church
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.50 1.50 5.00
b. Sign. F. Marcos & G. Licaros. 0.50 1.50 4.00
s1. Sign. as a. Specimen. - - 125.00
s2. Sign. as b. Specimen. - - 20.00
20 Twenty pesos note
Philippine 20 Piso bill Plipino series note
Obv : Manuel L. Quezon head
Rev : Malakanyang Palace at Pasig River
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.75 2.00 5.00
b. Sign. F. Marcos & G. Licaros. 0.75 2.00 5.00
s1. Sign. as a. Specimen. - - 125.00
s2. Sign. as b. Specimen. - - 25.00
Rev : Malakanyang Palace at Pasig River
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 0.75 2.00 5.00
b. Sign. F. Marcos & G. Licaros. 0.75 2.00 5.00
s1. Sign. as a. Specimen. - - 125.00
s2. Sign. as b. Specimen. - - 25.00
50 Fifty pesos note
Philippine 50 Piso bill Plipino series note
Obv : Serio Osmena head
Rev : Legislative Building
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 1.00 3.00 7.50
b. Sign. F. Marcos & G. Licaros. 1.00 3.00 7.50
s1. Sign. as a. Specimen. De La Rue - - 400.00
s2. Sign. as b. Specimen. - - 30.00
Rev : Legislative Building
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 1.00 3.00 7.50
b. Sign. F. Marcos & G. Licaros. 1.00 3.00 7.50
s1. Sign. as a. Specimen. De La Rue - - 400.00
s2. Sign. as b. Specimen. - - 30.00
100 One Hundred pesos note
Philippine 100 Piso bill Plipino series note
Obv : Manuel Roxas head
Rev : Old Central Bank of the Philippines
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 3.00 9.00 22.50
b. Sign. F. Marcos & G. Licaros. 2.50 7.50 20.00
Rev : Old Central Bank of the Philippines
VG VF Unc
a. Sign. F. Marcos & A. Calalang. 3.00 9.00 22.50
b. Sign. F. Marcos & G. Licaros. 2.50 7.50 20.00
ENGLISH Series Philippine Notes
(1949 - 1966)
REGULAR ISSUES
Fractional Notes
5 Five Centavos
US Philippines English series note 5 centavos
VG VF Unc
Red on Tan unpt. Back red. 0.25 0.50 2.50
Sign. R. Magsaysay & M. Cuaderno 0.20 0.40 1.50
Red on Tan unpt. Back red. 0.25 0.50 2.50
Sign. R. Magsaysay & M. Cuaderno 0.20 0.40 1.50
10 Ten Centavos
US Philippines English series note 10 centavos
VG VF Unc
Brownish purple on tan unpt.
Back brownish purple 0.25 0.50 2.50
W/o serial # (error). - 35.00 75.00
Sign. R. Magsaysay & M. Cuaderno 0.20 0.40 1.50
Brownish purple on tan unpt.
Back brownish purple 0.25 0.50 2.50
W/o serial # (error). - 35.00 75.00
Sign. R. Magsaysay & M. Cuaderno 0.20 0.40 1.50
20 Twenty Centavos
US Philippines English series note 20 centavos
VG VF Unc
Green on It. green unpt. Back green 0.30 0.60 3.50
W/o serial # (error). - 35.00 75.00
a. Sign. R. Magsaysay & M. Cuaderno 0.25 0.50 2.00
b. Sign. C. Garcia & M. Cuaderno 0.20 0.40 1.50
Note : 5c, 10c, 20c. Sign. E. Quirino and M. Cuaderno. Printer : SBNC
Green on It. green unpt. Back green 0.30 0.60 3.50
W/o serial # (error). - 35.00 75.00
a. Sign. R. Magsaysay & M. Cuaderno 0.25 0.50 2.00
b. Sign. C. Garcia & M. Cuaderno 0.20 0.40 1.50
Note : 5c, 10c, 20c. Sign. E. Quirino and M. Cuaderno. Printer : SBNC
50 Fifty Centavos
US Philippines English series note 50 centavos
VG VF Unc
Blue on It. blue unpt. Back blue.
Sign. R. Magsaysay & M. Cuaderno 0.30 0.60 2.50
Blue on It. blue unpt. Back blue.
Sign. R. Magsaysay & M. Cuaderno 0.30 0.60 2.50
Larger notes. Printer : TDLR
1/2 Half Peso
US Philippines English series note 1/2 half peso
VG VF Unc
Green on yellow and blue unpt. Ox-cart
w/Mt. Mayon in background at ctr. Back green.
Sign. C. Garcia & M. Cuaderno 0.30 0.60 2.50
Green on yellow and blue unpt. Ox-cart
w/Mt. Mayon in background at ctr. Back green.
Sign. C. Garcia & M. Cuaderno 0.30 0.60 2.50
1 One Peso
US Philippines English series note 1 one peso
VG VF Unc
Black on It. gold and blue unpt. A. Mabini
at I. Back black; Barasoain Chrurch ar ctr.
a. Sign. E. Quirino & M. Cuaderno.
GENUINE in very It. tan letters just
beneath top heading on face. - 20.00 65.00
b. Sign. E. Quirino & M. Cuaderno.
w/o Genuine on face. 0.50 1.50 5.00
c. Sign. R. Magsaysay & M. Cuaderno. 0.30 0.75 3.00
d. Sign. C. Garcia & M. Cuaderno. 0.30 0.75 2.00
e. Sign. C. Garcia & A. Castillo.
w/ title : Acting Governor. 0.50 1.00 3.50
f. Sign. D. Macapagal & A. Castillo.
w/ title : Governor. 0.25 0.60 1.25
g. Sign. F. Marcos & A. Castillo. 0.30 0.75 2.00
h. Sign. F. Marcos & A. Calalang. 0.25 0.60 1.25
Black on It. gold and blue unpt. A. Mabini
at I. Back black; Barasoain Chrurch ar ctr.
a. Sign. E. Quirino & M. Cuaderno.
GENUINE in very It. tan letters just
beneath top heading on face. - 20.00 65.00
b. Sign. E. Quirino & M. Cuaderno.
w/o Genuine on face. 0.50 1.50 5.00
c. Sign. R. Magsaysay & M. Cuaderno. 0.30 0.75 3.00
d. Sign. C. Garcia & M. Cuaderno. 0.30 0.75 2.00
e. Sign. C. Garcia & A. Castillo.
w/ title : Acting Governor. 0.50 1.00 3.50
f. Sign. D. Macapagal & A. Castillo.
w/ title : Governor. 0.25 0.60 1.25
g. Sign. F. Marcos & A. Castillo. 0.30 0.75 2.00
h. Sign. F. Marcos & A. Calalang. 0.25 0.60 1.25
2 Two Pesos
US Philippines English series note 2 two pesos
VG VF Unc
Black on blue and gold unpt. J. Rizal
at I. Back blue; Landing of Magellan
in the Philippines.
a. Sign. E. Quirino & M. Cuaderno. 1.00 4.00 15.00
b. Sign. R. Magsaysay & M. Cuaderno. 0.75 2.00 5.00
c. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 0.75 1.50 4.00
d. Sign. D. Macapagal & A. Castillo
w/title: Governor. 0.50 1.25 2.50
Black on blue and gold unpt. J. Rizal
at I. Back blue; Landing of Magellan
in the Philippines.
a. Sign. E. Quirino & M. Cuaderno. 1.00 4.00 15.00
b. Sign. R. Magsaysay & M. Cuaderno. 0.75 2.00 5.00
c. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 0.75 1.50 4.00
d. Sign. D. Macapagal & A. Castillo
w/title: Governor. 0.50 1.25 2.50
5 Five Pesos
US Philippines English series note 5 five pesos
VG VF Unc
Black on yellow and gold unpt. M.H. Del
Pilart at I. Graciano Lopez Jaena at r.
Back gold: newspaper "La Solidaridad"
a. Sign. E. Quirino & M. Cuaderno. 2.00 7.50 25.00
b. Sign. R. Magsaysay & M. Cuaderno. 1.00 3.50 10.00
c. Sign. C. Garcia & M. Cuaderno. 1.50 4.00 15.00
d. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 1.25 3.00 12.00
e. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.00 5.00
f. Sign. F. Marcos & G. Licaros. 1.00 2.50 6.00
Black on yellow and gold unpt. M.H. Del
Pilart at I. Graciano Lopez Jaena at r.
Back gold: newspaper "La Solidaridad"
a. Sign. E. Quirino & M. Cuaderno. 2.00 7.50 25.00
b. Sign. R. Magsaysay & M. Cuaderno. 1.00 3.50 10.00
c. Sign. C. Garcia & M. Cuaderno. 1.50 4.00 15.00
d. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 1.25 3.00 12.00
e. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.00 5.00
f. Sign. F. Marcos & G. Licaros. 1.00 2.50 6.00
10 Ten Pesos
US Philippines English series note 10 ten pesos
VG VF Unc
Black on tan and It. red unpt. Father
Burgos, Gomez and Zamora at I.
Back brown; monument.
a. Sign. E. Quirino & M. Cuaderno. 7.00 20.50 55.00
b. Sign. R. Magsaysay & M. Cuaderno. 2.50 7.00 20.00
c. Sign. C. Garcia & M. Cuaderno. 3.00 7.50 22.50
d. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 2.50 7.00 17.50
e. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.00 6.00
f. Sign. F. Marcos & G. Licaros. 1.00 2.50 7.50
Black on tan and It. red unpt. Father
Burgos, Gomez and Zamora at I.
Back brown; monument.
a. Sign. E. Quirino & M. Cuaderno. 7.00 20.50 55.00
b. Sign. R. Magsaysay & M. Cuaderno. 2.50 7.00 20.00
c. Sign. C. Garcia & M. Cuaderno. 3.00 7.50 22.50
d. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 2.50 7.00 17.50
e. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.00 6.00
f. Sign. F. Marcos & G. Licaros. 1.00 2.50 7.50
20 Twenty Pesos
US Philippines English series note 20 twenty pesos
VG VF Unc
Black on yellow unpt. A. Bonifacio at I.
E. Jacinto at r.
Back brownish orange; flag & monument.
a.Sign. E. Quirino & M. Cuaderno. 15.00 40.00 85.00
b. Sign. R. Magsaysay & M. Cuaderno. 3.50 8.00 25.00
c. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 3.00 7.00 20.00
d. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.50 9.00
f. Sign. F. Marcos & G. Licaros. 1.50 3.00 9.50
Black on yellow unpt. A. Bonifacio at I.
E. Jacinto at r.
Back brownish orange; flag & monument.
a.Sign. E. Quirino & M. Cuaderno. 15.00 40.00 85.00
b. Sign. R. Magsaysay & M. Cuaderno. 3.50 8.00 25.00
c. Sign. C. Garcia & A. Castillo w/title:
Acting Governor. 3.00 7.00 20.00
d. Sign. D. Macapagal & A. Castillo
w/title: Governor. 1.00 2.50 9.00
f. Sign. F. Marcos & G. Licaros. 1.50 3.00 9.50
50 Fifty Pesos
US Philippines English series note 50 fifty pesos
VG VF Unc
Black on pink and It. tan unpt. A. Luma at
I. Back red; scene of blood compact of
Sikatuna and Legaspi.
a.Sign. E. Quirino & M. Cuaderno. 50.00 170.00 -
b. Sign. R. Magsaysay & M. Cuaderno. 20.00 45.00 85.00
c. Sign. C. Garcia & M. Cuaderno 8.00 20.00 35.00
d. Sign. D. Macapagal & A. Castillo 4.00 10.00 20.00
Black on pink and It. tan unpt. A. Luma at
I. Back red; scene of blood compact of
Sikatuna and Legaspi.
a.Sign. E. Quirino & M. Cuaderno. 50.00 170.00 -
b. Sign. R. Magsaysay & M. Cuaderno. 20.00 45.00 85.00
c. Sign. C. Garcia & M. Cuaderno 8.00 20.00 35.00
d. Sign. D. Macapagal & A. Castillo 4.00 10.00 20.00
100 One Hundred Pesos
US Philippines English series note 100 pesos
VG VF Unc
Black on gold unpt. T. Sora at I.
Back yellow; regimental flags.
Sign. E. Quirino & M. Cuaderno. 3.00 10.00 20.00
Black on gold unpt. T. Sora at I.
Back yellow; regimental flags.
Sign. E. Quirino & M. Cuaderno. 3.00 10.00 20.00
200 Two Hundred Pesos
US Philippines English series note 200 pesos
VG VF Unc
Green on pink and It. blue unpt.
Pres. Manuel Quezon at I. Back green;
Legislative bldg.
Sign. E. Quirino & M. Cuaderno. 4.00 12.00 35.00
Green on pink and It. blue unpt.
Pres. Manuel Quezon at I. Back green;
Legislative bldg.
Sign. E. Quirino & M. Cuaderno. 4.00 12.00 35.00
500 Five Hundred Pesos
US Philippines English series note 500 pesos
VG VF Unc
Black on purple and It. tan unpt.
Pres. Manuel Roxas at I. Back puple;
Central Bank.
Sign. E. Quirino & M. Cuaderno. 7.00 20.00 65.00
Black on purple and It. tan unpt.
Pres. Manuel Roxas at I. Back puple;
Central Bank.
Sign. E. Quirino & M. Cuaderno. 7.00 20.00 65.00
VICTORY Series Philippine Notes
Victory issue
The 'Victory' series note was printed in 1944, to be used upon the return of MacArthur. When he came ashore in Leyte on Oct. 20th, 1944, he was purportedly carrying some of these in his pocket. They definately brought many crates full of these notes with them during this landing.
VICTORY notes were printed at the U.S. BUREAU of Engraving and Printing- the last Philippine currency printed by the US. Replacement notes are indicated by a star prefix to the serial number. There are also signature combinations which are harder to find. The signature combinations are as follows:
VICTORY notes were printed at the U.S. BUREAU of Engraving and Printing- the last Philippine currency printed by the US. Replacement notes are indicated by a star prefix to the serial number. There are also signature combinations which are harder to find. The signature combinations are as follows:
- S. Osmena and J Hernandez (w/ title of Auditor General) [most common except for 500P]
- S. Osmena and M. Guevara (w/ title of Treasurer) [100 & 500 only - rare]
- M. Roxas and M. Guevara (not found on 1, 5 or 10 - rarest on others)
1 One Peso
VG VF Unc
Sign. S. Osmena & J. Hernandez. 0.50 1.00 3.50
Sign. S. Osmena & J. Hernandez. 0.50 1.00 3.50
2 Two Pesos
VG VF Unc
a. Sign. S. Osmena & J. Hernandez w/ 0.75 1.50 10.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 2.50 7.50 30.00
title: Treasurer.
a. Sign. S. Osmena & J. Hernandez w/ 0.75 1.50 10.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 2.50 7.50 30.00
title: Treasurer.
5 Five Pesos
VG VF Unc
Sign. S. Osmena & J. Hernandez (1944). 1.50 4.50 25.00
Sign. S. Osmena & J. Hernandez (1944). 1.50 4.50 25.00
10 Ten Pesos
VG VF Unc
Sign. S. Osmena & J. Hernandez (1944). 2.50 6.00 40.00
Sign. S. Osmena & J. Hernandez (1944). 2.50 6.00 40.00
20 Twenty Pesos
VG VF Unc
a. Sign. S. Osmena & J. Hernandez w/ 3.50 12.00 65.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 10.00 30.00 100.00
tilte: Treasurer.
a. Sign. S. Osmena & J. Hernandez w/ 3.50 12.00 65.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 10.00 30.00 100.00
tilte: Treasurer.
50 Fifty Pesos
VG VF Unc
a. Sign. S. Osmena & J. Hernandez w/ 15.00 40.00 115.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 20.00 60.00 150.00
tilte: Treasurer.
a. Sign. S. Osmena & J. Hernandez w/ 15.00 40.00 115.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 20.00 60.00 150.00
tilte: Treasurer.
100 One Hundred Pesos
VG VF Unc
a. Sign. S. Osmena & J. Hernandez w/ 25.00 75.00 175.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 40.00 100.00 225.00
tilte: Treasurer.
a. Sign. S. Osmena & J. Hernandez w/ 25.00 75.00 175.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 40.00 100.00 225.00
tilte: Treasurer.
500 Five Hundred Pesos
VG VF Unc
a. Sign. S. Osmena & J. Hernandez w/ 125.00 350.00 750.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 150.00 400.00 850.00
tilte: Treasurer.
c. Sign. M. Roxas & M. Guevarra 125.00 350.00 750.00
a. Sign. S. Osmena & J. Hernandez w/ 125.00 350.00 750.00
title: Auditor General.
b. Sign. M. Roxas & M. Guevarra w/ 150.00 400.00 850.00
tilte: Treasurer.
c. Sign. M. Roxas & M. Guevarra 125.00 350.00 750.00
Republic Victory issue with
"Central Bank of the Philippines"
Republic Act No.265 created the Central Bank of the Philippines (CBP) on January 3, 1949, which was vested the power of administering the banking & credit system of the country. Initially, the CBP issued the Victory Notes with the overprint (in red ink) "Central Bank of the Philippines " in 1949. The first official banknotes issued by the Central Bank were the English series in 1951.
The Obverse and Reverse notes, the same images at the above except the overprint at the back with
" Central Bank VICTORY of the Philippines "
The Obverse and Reverse notes, the same images at the above except the overprint at the back with
" Central Bank VICTORY of the Philippines "
1 One peso
VG VF Unc
Sign. S. Osmena & J. Hernandez
a. Thick lettering in ovpt. 1.00 2.00 8.50
b. Medium-thick lettering in ovpt. 1.50 3.00 10.00
c. Thin lettering in ovpt. 1.00 2.00 8.50
Sign. S. Osmena & J. Hernandez
a. Thick lettering in ovpt. 1.00 2.00 8.50
b. Medium-thick lettering in ovpt. 1.50 3.00 10.00
c. Thin lettering in ovpt. 1.00 2.00 8.50
2 Two pesos
VG VF Unc
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez - RARE -
b. Sign. M. Roxas & M. Guevarra 4.00 8.00 35.00
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez - RARE -
b. Sign. M. Roxas & M. Guevarra 4.00 8.00 35.00
5 Five pesos
VG VF Unc
a. Thick lettering in ovpt. 3.00 7.50 35.00
c. Thin lettering in ovpt. 2.00 5.00 25.00
10 Ten pesos
VG VF Unc
a. Thick lettering in ovpt. 5.00 15.00 50.00
a. Thick lettering in ovpt. 5.00 15.00 50.00
20 Twenty pesos
VG VF Unc
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 7.50 25.00 80.00
b. Sign. M. Roxas & M. Guevarra 7.00 20.00 75.00
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 7.50 25.00 80.00
b. Sign. M. Roxas & M. Guevarra 7.00 20.00 75.00
50 Fifty pesos
VG VF Unc
Thin lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 18.00 65.00 150.00
b. Sign. M. Roxas & M. Guevarra 15.00 50.00 135.00
Thin lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 18.00 65.00 150.00
b. Sign. M. Roxas & M. Guevarra 15.00 50.00 135.00
100 One Hundred pesos
VG VF Unc
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 30.00 75.00 210.00
b. Sign. S. Osmena & M. Guevarra 25.00 65.00 175.00
c. Sign. M. Roxas & M. Guevarra 20.00 60.00 160.00
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 30.00 75.00 210.00
b. Sign. S. Osmena & M. Guevarra 25.00 65.00 175.00
c. Sign. M. Roxas & M. Guevarra 20.00 60.00 160.00
500 Five Hundred pesos
VG VF Unc
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 150.00 425.00 800.00
b. Sign. S. Osmena & M. Guevarra 125.00 350.00 700.00
c. Sign. M. Roxas & M. Guevarra 115.00 300.00 600.00
Thick lettering in ovpt.
a. Sign. S. Osmena & J. Hernandez 150.00 425.00 800.00
b. Sign. S. Osmena & M. Guevarra 125.00 350.00 700.00
c. Sign. M. Roxas & M. Guevarra 115.00 300.00 600.00
Philippines - Japanese Occupation - WWII
In World War II in the Philippines, the occupying Japanese government issued fiat currency in several denominations; this is known as the Japanese government-issued Philippine fiat peso. The Japanese-sponsored Second Philippine Republic under Jose P. Laurel outlawed possession of guerrilla currency, and declared a monopoly on the issuance of money, so that anyone found to possess guerrilla notes could be arrested.
Some Filipinos called the fiat peso "Mickey Mouse money". Many survivors of the war tell stories of going to the market laden with suitcases or "Bayong" (native bags made of woven coconut or buri leaf strips) overflowing with the Japanese-issued bills. According to one witness, 75 "Mickey Mouse" pesos, or about 35 U.S. dollars at that time, could buy one chicken egg. In 1944, a box of matches cost more than 100 Mickey Mouse pesos.
Those bills were often used by American psychological warfare personnel as propaganda leaflets. The Japanese occupation banknotes were overprinted with the words "The Co-prosperity Sphere: What is it worth?", in an attempt to discredit the Greater East Asia Co-Prosperity Sphere, and dropped from Allied aircraft over the occupied territories.
The JIM notes are usually worth ten to twenty five cents each, unless they are in perfect condition, then fifty cents to a dollar. If they are the replacement type, they could be worth a couple of dollars to even five dollars.
In August 1940, Japanese Prime Minister Matsuoka Yôsuke announced the idea of the Greater East Asia Co-Prosperity Sphere, a group of Asian nations led by the Japanese and free of Western powers; "Asia for Asians". As Japan occupied various Asian countries, they set up governments with local leaders who proclaimed independence from the Western powers. One of the main ways to accomplish this was to have a unified currency, one that was not tied to western currencies.
Japanese Invasion Money was officially known as Southern Development Bank Notes. It is a currency that was issued by the Japanese Military Authority, as a replacement for local currency. In February 1942 Japan passed laws which established the Wartime Finance Bank and the Southern Development Bank. Both of these banks issued bonds to raise funding for the war. The former loaned money primarily to military industries. The latter is the one we are interested in here. They provided financial services in areas occupied by the Japanese military, and these Southern Development Bank notes were the Japanese Invasion Money we are now looking at.
Once the Japanese government made these notes, their military confiscated all hardcurrency in the Philippines, both from the government and the people. They replaced it with Southern Development Bank notes.
Now for an explanation of the method the Japanese used for adding serial numbers to most of these issues. They first used what are known as "Block Letters", printed in red on the face of the note. This system has the first letter denoting the location issued: therefore, the Philippines had block letters which started with P. So for example, the Philippine notes would have on the front depending on when printed, a set of letters in red: PA, PB, PC all the way through PZ. These are known as "Whole Block Letters".
When PZ was reached, one of two things happened- for the one through fifty centavos notes, it was decided to use what is called "Fractional Block Letters". These were basically a fraction, but instead of numbers, it was letters, appearing like this: P/AA and this system worked in the same principal as before. The letter on top denoted the location, and the bottom two were the series, starting with AA and progressing as needed. When AZ was reached, it was advanced to BA and went through BZ, and on some issues, CA and so on to EZ. For the Pesos notes, serial numbering was introduced (as well as a design change).
Some denominations have letters skipped over. The reason for this is not known, but it is believed that so many of these notes were printed, they may not have been discovered yet. Even today, bundles of Japanese Invasion Money are being discovered under old huts, in tunnels and stuffed into caves.
The second issue peso notes (1, 5, 10 and 100 Pesos) had a block number and a serial number usually beginning with a zero. Some serial numbered notes begin with the number one. These notes were issued as replacements for damaged notes, much like American 'star' notes (although a lot harder to find!). The block number range of the notes with serial numbers is 1 - 79. On the one peso notes only, blocks 80 - 87 had no serial numbers (they were produced in haste after the Americans landed on Luzon- there were 5 print runs). These notes with just plate block numbers are much harder to find than the ones with serial numbers.
After the liberation of the Philippines, the Red Cross came in to help out. They obtained many of these JIM notes, and punched 2 holes in each one. Then these hole-punched notes were distributed to the soldiers as souvenirs. These notes have no extra monetary value, but do come with a bit more of a story and can usually be found in high grades.
Regarding the legality of the JIM notes after the war, President Truman did not support the stance of the Philippine government. Commonwealth House Bill No. 647 (Senate Bill No. 51), titled "An Act Governing the Payment of Monetary Obligations Incurred or Contracted Prior to and During the Japanese Invasion of the Philippines and for Other Purposes," was passed by both houses of the Philippine Commonwealth Congress on the last day of its last session, December 20, 1945. It was signed into law by President Osmeña on January 18, 1946. The law provided for the validation of payments made in Japanese "mickey mouse" money during the period of enemy occupation.
Some Filipinos called the fiat peso "Mickey Mouse money". Many survivors of the war tell stories of going to the market laden with suitcases or "Bayong" (native bags made of woven coconut or buri leaf strips) overflowing with the Japanese-issued bills. According to one witness, 75 "Mickey Mouse" pesos, or about 35 U.S. dollars at that time, could buy one chicken egg. In 1944, a box of matches cost more than 100 Mickey Mouse pesos.
Those bills were often used by American psychological warfare personnel as propaganda leaflets. The Japanese occupation banknotes were overprinted with the words "The Co-prosperity Sphere: What is it worth?", in an attempt to discredit the Greater East Asia Co-Prosperity Sphere, and dropped from Allied aircraft over the occupied territories.
The JIM notes are usually worth ten to twenty five cents each, unless they are in perfect condition, then fifty cents to a dollar. If they are the replacement type, they could be worth a couple of dollars to even five dollars.
In August 1940, Japanese Prime Minister Matsuoka Yôsuke announced the idea of the Greater East Asia Co-Prosperity Sphere, a group of Asian nations led by the Japanese and free of Western powers; "Asia for Asians". As Japan occupied various Asian countries, they set up governments with local leaders who proclaimed independence from the Western powers. One of the main ways to accomplish this was to have a unified currency, one that was not tied to western currencies.
Japanese Invasion Money was officially known as Southern Development Bank Notes. It is a currency that was issued by the Japanese Military Authority, as a replacement for local currency. In February 1942 Japan passed laws which established the Wartime Finance Bank and the Southern Development Bank. Both of these banks issued bonds to raise funding for the war. The former loaned money primarily to military industries. The latter is the one we are interested in here. They provided financial services in areas occupied by the Japanese military, and these Southern Development Bank notes were the Japanese Invasion Money we are now looking at.
Once the Japanese government made these notes, their military confiscated all hardcurrency in the Philippines, both from the government and the people. They replaced it with Southern Development Bank notes.
Now for an explanation of the method the Japanese used for adding serial numbers to most of these issues. They first used what are known as "Block Letters", printed in red on the face of the note. This system has the first letter denoting the location issued: therefore, the Philippines had block letters which started with P. So for example, the Philippine notes would have on the front depending on when printed, a set of letters in red: PA, PB, PC all the way through PZ. These are known as "Whole Block Letters".
When PZ was reached, one of two things happened- for the one through fifty centavos notes, it was decided to use what is called "Fractional Block Letters". These were basically a fraction, but instead of numbers, it was letters, appearing like this: P/AA and this system worked in the same principal as before. The letter on top denoted the location, and the bottom two were the series, starting with AA and progressing as needed. When AZ was reached, it was advanced to BA and went through BZ, and on some issues, CA and so on to EZ. For the Pesos notes, serial numbering was introduced (as well as a design change).
Some denominations have letters skipped over. The reason for this is not known, but it is believed that so many of these notes were printed, they may not have been discovered yet. Even today, bundles of Japanese Invasion Money are being discovered under old huts, in tunnels and stuffed into caves.
The second issue peso notes (1, 5, 10 and 100 Pesos) had a block number and a serial number usually beginning with a zero. Some serial numbered notes begin with the number one. These notes were issued as replacements for damaged notes, much like American 'star' notes (although a lot harder to find!). The block number range of the notes with serial numbers is 1 - 79. On the one peso notes only, blocks 80 - 87 had no serial numbers (they were produced in haste after the Americans landed on Luzon- there were 5 print runs). These notes with just plate block numbers are much harder to find than the ones with serial numbers.
After the liberation of the Philippines, the Red Cross came in to help out. They obtained many of these JIM notes, and punched 2 holes in each one. Then these hole-punched notes were distributed to the soldiers as souvenirs. These notes have no extra monetary value, but do come with a bit more of a story and can usually be found in high grades.
Regarding the legality of the JIM notes after the war, President Truman did not support the stance of the Philippine government. Commonwealth House Bill No. 647 (Senate Bill No. 51), titled "An Act Governing the Payment of Monetary Obligations Incurred or Contracted Prior to and During the Japanese Invasion of the Philippines and for Other Purposes," was passed by both houses of the Philippine Commonwealth Congress on the last day of its last session, December 20, 1945. It was signed into law by President Osmeña on January 18, 1946. The law provided for the validation of payments made in Japanese "mickey mouse" money during the period of enemy occupation.
The Japanese Government Notes
First Issue
1 One Centavo
VG VF Unc
(1942) Black on green unpt. back green.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.05 0.10 0.20
(1942) Black on green unpt. back green.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.05 0.10 0.20
5 Five Centavos
VG VF Unc
(1942) Black on blue unpt. back blue.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.10 0.25 0.75
(1942) Black on blue unpt. back blue.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.10 0.25 0.75
10 Ten Centavos
VG VF Unc
(1942) Black on It. brown unpt. back brown.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.05 0.10 0.25
(1942) Black on It. brown unpt. back brown.
a. 2 block letters. 0.05 0.10 0.20
b. Fractional block letters. 0.05 0.10 0.25
50 Fifty Centavos
VG VF Unc
(1942) Black on It. purple unpt. Plantation
at r. Back purple.
a. Buff colored paper. 0.10 0.25 0.50
b. White paper. 0.05 0.10 0.25
(1942) Black on It. purple unpt. Plantation
at r. Back purple.
a. Buff colored paper. 0.10 0.25 0.50
b. White paper. 0.05 0.10 0.25
1 One Peso
VG VF Unc
(1942) Black on It. green unpt. Plantation
at r. Back green.
a. Buff to it. brown paper. 0.25 0.60 1.50
b. White paper. 0.15 0.40 1.00
(1942) Black on It. green unpt. Plantation
at r. Back green.
a. Buff to it. brown paper. 0.25 0.60 1.50
b. White paper. 0.15 0.40 1.00
5 Five Pesos
VG VF Unc
(1942) Black on It. blue unpt. Plantation
at ctr. Back orange.
a. Buff to it. brown paper. 0.25 0.60 1.50
b. White paper. 0.15 0.30 1.00
(1942) Black on It. orange unpt.
Like b. Back gold-yellow. 0.25 0.60 2.50
(1942) Black on It. blue unpt. Plantation
at ctr. Back orange.
a. Buff to it. brown paper. 0.25 0.60 1.50
b. White paper. 0.15 0.30 1.00
(1942) Black on It. orange unpt.
Like b. Back gold-yellow. 0.25 0.60 2.50
10 Ten Pesos
VG VF Unc
(1942) Black on blue unpt. Plantation
at ctr. Back brown.
a. Buff paper. 0.15 0.25 0.60
b. White paper. 0.10 0.15 0.30
(1942) Black on blue unpt. Plantation
at ctr. Back brown.
a. Buff paper. 0.15 0.25 0.60
b. White paper. 0.10 0.15 0.30
Second Issue
1 One Peso
VG VF Unc
(1943) Black on It. green and pink unpt.
Back blue on pink unpt.
a. Serial # and block # (#1 - 80). 0.10 0.20 0.50
b. Block # only (81 - 87) 0.75 2.50 7.50
(1943) Black on It. green and pink unpt.
Back blue on pink unpt.
a. Serial # and block # (#1 - 80). 0.10 0.20 0.50
b. Block # only (81 - 87) 0.75 2.50 7.50
5 Five Pesos
VG VF Unc
(1943) Black on green and yellow unpt.
Back brown on gray unpt. 0.15 0.35 1.00
(1943) Black on green and yellow unpt.
Back brown on gray unpt. 0.15 0.35 1.00
10 Ten Pesos
VG VF Unc
(1943) Black on green unpt.
Back green on yellow unpt. 0.15 0.35 1.00
(1943) Black on green unpt.
Back green on yellow unpt. 0.15 0.35 1.00
100 One Hundred Pesos
VG VF Unc
(1944) Black on It. blue and tan unpt.
Back purple on green unpt. 0.15 0.35 1.25
Note : 1-100 pesos engraved face plates w/Rizal Monument.
Wmk: Banana tree.
(1944) Black on It. blue and tan unpt.
Back purple on green unpt. 0.15 0.35 1.25
Note : 1-100 pesos engraved face plates w/Rizal Monument.
Wmk: Banana tree.
Inflation Issue
500 Five Hundred Pesos
VG VF Unc (1945) Black on purple unpt. Rizal
Monument at r. Back Lithographed.
a. Wmk: Banana tree. Buff paper, letters PF 0.35 1.00 5.00
b. Wmk: Quatrefoil kiri flower. Most on 0.25 0.75 2.00
while paper, letter PG.
1000 One Thousand Pesos
VG VF Unc
(1945) Blue-purple
Back olive. Letters PU
a. Purple on lilac unpt. (shades)
Back dk. olive-green w/o offset 0.75 1.50 5.00
b. As a. but back it. olive-green w/o offset. 0.75 1.50 5.00
c. As a. but back w/o offset from face plate. 0.10 0.25 1.50
d. As b. but back w/o offset from face plate. 0.10 0.25 1.50
(1945) Blue-purple
Back olive. Letters PU
a. Purple on lilac unpt. (shades)
Back dk. olive-green w/o offset 0.75 1.50 5.00
b. As a. but back it. olive-green w/o offset. 0.75 1.50 5.00
c. As a. but back w/o offset from face plate. 0.10 0.25 1.50
d. As b. but back w/o offset from face plate. 0.10 0.25 1.50
Ovpt. Varieties:
THE CO-PROSPERITY: WHAT IS IT WORTH?
a. The Filipino organization called JAPWANCAP, Inc., (Japanese War Notes Claimants Association of the Philippines) made a very serious attempt in 1967 to obtain funds from the United States for redemption of millions of pesos in Japanese occupation currency. Notes being held by that group were marked with a number of different stampings. Most are seen on higher denomination notes, but occasionally lower values are found thus marked as well, Such marked notes have no particular value the pieces.
B. Various Japanese occupation notes exist with propaganda ovpt: THE CO-PROSPERITY SPHERE: WHAT IS IT WORTH? Also, many copies of the ovpt. have been applied to the otherwise common occupation notes. It is extremely difficult to ascertain genuine ovpt. at this time.
B. Various Japanese occupation notes exist with propaganda ovpt: THE CO-PROSPERITY SPHERE: WHAT IS IT WORTH? Also, many copies of the ovpt. have been applied to the otherwise common occupation notes. It is extremely difficult to ascertain genuine ovpt. at this time.
Bangko Sentral Ng Pilipinas
VG VF Unc
10 Piso
(1944) Brown on It. brown unpt.
J. Rizal at I. (A few made in 1944 as essays: RARE
not approved for circulation).
100 Piso
(1944) Black on pink unpt. J. Rizal at I.
Back red and orange. (Printed 1944; not issued).
a. Specimen w/red ovpt. MI HON in Japanese - - 600.00
characters. W/block and serial #.
b. Like a. but w/red ovpt: Specimen and - - -
serial # all zeros.
c. W/o block and serial #. 150.00 250.00 400.00
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