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Blacked Out Philippine National Bank Notes

These were technically issued in 1919 but some have no date and some could say 1912.  These are very rare varieties.  Most are worth at least a few thousand dollars.  All denominations are rare.  They were originally printed with text related to the Bank of The Philippine Islands.  The original bank name, seal, signatures, and date are all blacked out.  The back has been overprinted with text that reads “The Philippine National Bank.”  Don’t think that the blacked out writing somehow lowers the value.  It is the exact opposite.  These are frequently found in heavily circulated condition as well.