File:Philippines H4035-28336o.jpg

Summary

This specimen was lot 28336 in Heritage sale 4035 (Orlando, FL, January 2022), where it sold for $15,600. The catalog description^[1] noted,

"Issued Banknote from the first Philippine Republic. Philippines Republica Filipina 5 Pesos 1898-98 Pick A27a PMG About Uncirculated 55. During the middle of the Spanish-American War, Emilio Aguinaldo declared the Philippines independent of Spain. After Spanish defeat in the Spanish-American War, the Philippines were ceased to the United States, and the Philippine-American War ensued. The Philippine Republic surrendered in 1901 and it was not until 1946 that full independence was achieved. However, during a brief time from 1898 to 1901, republican notes were issued. This second denomination of the series is very rare in any grade and it is quite special as an issued note with signature at right. Minor staining and edge tears are mentioned for accuracy. At the time of cataloging, this is the lone example in the PMG Population Report. Although printed rather crudely, this example presents well and has the original counterfoil included. A note with a short lifespan that is historically significant and worth serious consideration."

This specimen was lot 28337 in Heritage sale 4035 (Orlando, FL, January 2022), where it sold for $3,360. The catalog description^[1] noted,

"Philippines Banco Espanol Filipino 5 Pesos 1.1.1908 Pick 1 PCGS Extremely Fine 40PPQ. This is the final series of Spanish text banknotes issued for the Philippines. Shortly after this issue, the Banco Espanol Filipino became Bank of the Philippine Islands, which still exists today. The technical quality of this example is simply incredible considering the age and rarity of this short-lived type. USBEP records indicate that only 400,000 of these notes were printed. Simply outstanding and very rare in this grade."

This specimen was lot 28338 in Heritage sale 4035 (Orlando, FL, January 2022), where it sold for $6,600. The catalog description^[1] noted,

"Philippines Bank of the Philippine Islands 200 Pesos 1.1.1928 Pick 21 PCGS Very Fine 25. This is a key denomination and a very rare type note to acquire in any grade. USBEP records indicate that only 1,060 notes were issued with this date. And in fact, this is the final date for this desirable denomination, which was equivalent to $100 USD at the time. Problem-free, mildly circulated, and extremely desirable. Lastly, this is serial number 89 for the type. A special and very rare banknote."