World War II Banknotes used in the Philippines
Article about: During World War Two, the Japanese took over the Philippine Islands (starting the day after the Pearl Harbor attack). The Bataan Death March occurred due to this, and the Philipinos had to e
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Re: World War II Banknotes used in the Philippines
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Re: World War II Banknotes used in the Philippines
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Re: World War II Banknotes used in the Philippines
These are very nice. I have some Japanese notes but have never seen some of the ones you have here.
Thanks
Burt
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Re: World War II Banknotes used in the Philippines
Thank you Burt
Some more info regarding these banknotes.
From 1941 until the ultimate liberation of the Philippine Islands by Allied Troops in 1945, emergency wartime notes were secretly and clandestinely issued as needed. Their values ranged from as little as .01c to $20 Pesos. Some provinces issued notes as large as $500 Pesos. In all, more than 1000 different varieties were issued. Remarkably, with all of these different issues, there were few reported incidents of counterfeiting. With the exception of two varieties that were widely produced, most counterfeit notes are rare and actively sought after by advanced collectors. In some cases because of shortages of paper stocks, notes were issued on the reverse of municiple forms, money order stocks, and in some cases even paper bag stocks! So many were destroyed by the Japanese or just used until they fell apart, that many are quite rare! All notes that were legally issued by established currency boards were backed by the promises of both the Philippine Government and the U.S. Treasury, of redemption after the Japanese defeat. All legally redeemed notes were recorded and subsequently burned. Most records of these redemptions were lost or destroyed over the post war years, and the actual quantities and denominations of those notes redeemed and burned no longer exist. Some issues have completely disappeared. In some cases only a few hundred notes were issued, and in others as many as millions. However, after 67 years and, who knows how many attempts to eradicate these notes, it doesn't matter how many were printed. The question is, "How many Survived"? In many cases "few", and in some cases "none". Others are quite common. One thing is for sure; they are all very collectible.
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Re: World War II Banknotes used in the Philippines
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Re: World War II Banknotes used in the Philippines
JT, These are really nice and the history is much more than I thought. I have quite a few if I remember 20+ and I think I just got a bunch more with a grouping I just picked up. I'll get them out after I show my museum on June 3rd and take some pictures to post. I don't think I'll have time before then to dig them out.
Thanks
Burt
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