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Philippine National Bank Circulating Notes

These were first printed by The United States for use on The Philippine Islands in 1916.  Each bank note was printed on a sheet containing five notes total.  Starting in 1921 these were printed on sheets each containing ten bank notes.  These are no longer good at their face value.  All Philippine National Bank notes were devalued in June of 1948.  Some of the 1916 issues can be quite scarce.  The 100 pesos denomination is also difficult to locate.  As we have said before, any Philippine currency in perfect condition is going to command a nice premium.  The guide below has all of the details.