Philippines 1918 peso
These notes, issues of the Philippine National Bank, were printed at the United States Bureau of Engraving and Printing. One peso notes exist dated 1918 (shown), 1921 and 1925. The portrait is of Charles A. Conant, who drafted the legislation creating the bank and the Philippine currency system in general. During the American rule, the Philippine peso was fixed at fifty cents U. S. Other denominations include two pesos (Rizal), five pesos (McKinley), ten pesos (Washington), twenty pesos (Wm. A. Jones), fifty pesos (Lawton), one hundred pesos (Magellan). The last issue was five, ten and twenty pesos of 1937. They were withdrawn in 1948 and demonetized in 1949.
The second specimen shown was lot 5673 in Ponterio sale 152 (New York, January 2010), where it sold for $109.25. The catalog description noted, "PHILIPPINES. 1 Peso, 1918. P-44. This tough ace is one which is many collectors will recognize as it does not turn up often enough to satisfy demand. It does show heavy, yet honest, circulation with a few small spot stains observed under heavy scrutiny. VERY GOOD."
Recorded printing: 4,0000,000 (serial numbers A1A thru A4000000A).
Catalog reference: Shafer no. 124.
- Shafer, Neil, A Guide Book of Philippine Paper Money, Racine, WI: Whitman Publishing, 1964.
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