PHILIPPINES, NEGROS OCCIDENTAL, 2 pesos, 1942, original brick of 100

$600.00

PHILIPPINES, NEGROS OCCIDENTAL, 2 pesos, 1942, Face: purple, P-S647B, an original brick of 100 in original wrapper, top note slightly compromised, the rest Unc

1 in stock

SKU: 2821442 Categories: ,

Description

While many Philippine guerilla notes are common, including this type, a complete, unused original brick of 100, well, I have two of them, have not seen any more anywhere.

The Japanese occupation period was also the guerilla money period. Guerilla notes were a widespread phenomenon in the Philippines. They obviously had plenty of paper and ink.

The Philippines were the out lislands of the medieval Srivijaya and Majapahit Empires before the Spanish took them. First paper money in the mid-19th century. The notes of the American occupation start out rare and become less so until World War II. The Japanese occupation period was also the guerilla money period. Guerilla notes were a widespread phenomenon in the Philippines. They obviously had plenty of paper and ink.

For organizational purposes, banknote collectors tend to make a distinction between national issues and local issues. The Standard Catalog of World Paper Money has a volume dedicated to “specialized” issues, where about 20,000 items are listed. A “complete” catalog would likely have at least 10 times that number. The Standard Catalog numbers for “specialized” notes are designated P-S. There are special catalogs for various series such as German and Austrian notgeld, former Soviet Union, etc.

Paper money, meaning the promise of a government to pay a set amount, and the paper promise allowed to circulate at will, was probably first used in China in the 12th century AD. At that time the merchants and governments of Europe were just writing letters to each other about what they owed.