PINEDA COLLECTION OF PHILIPPINE COINS AND PAPER MONEY

As some have already seen elsewhere, Lyn Knight is going to be offering what I consider to be the best collection of Philippine coins and paper money that has ever been assembled. This signal event will take place at the Memphis show on Sunday, June 10. A special catalog is being prepared just for this sale, and it should take a good portion of that day to get through it. This marvelous collection was formed over about 40 years by a Bakersfield CA neurologist, Dr. Greg Pineda, whom I have known for most of that time. In fact, he asked that I do a lot of the write-ups and that's exactly what I am in the midst of right now.

I feel that Gramsters should like to know more about this spectacular Philippine sale because there are most definitely some items that should be of special interest to them. Among those are the Treasury Certificates dated 1936 and 1941 that were requested by the War Department during WWII. Some of these are very scarce now, and one in particular is among the rarest of them all. It's the 10 pesos dated 1941 that was tumbled around with floor sweepings and assorted dirt to make it resemble a circulated note. A limited number of 1, 5 and 10 pesos were thus treated; while the 1 peso is occasionally found, I know of but a single 5 pesos and only two examples of the 10, both in low grade as would be expected. Pineda's is the better of the two and it will be offered in the sale.

Another area of more than passing interest is Pineda's coverage of the VICTORY issues and those same notes with the Central Bank overprint added to the backs. This collection has ALL the signature varieties of the very tough 100 and 500 pesos notes, no small feat even many years ago as they just were not saved. Who cold afford to put away a 500-peso note worth $250 US just because it was pretty. Some of these are true rarities with so few known.

In general, Pineda's paper money presents a wonderful array of early Spanish-Philippine notes plus his great coverage of the Silver and Treasury Certificates, Philippine National Bank (complete, including the three overprints of 1919), and Bank of the Philippine Islands also complete.

In coins, there is a fabulous group of counter-stamps, high-grade Spanish issues, all the rare proofs of 1903-08, plus a great many Spanish and US issues in extremely choice grades. If you have any interest at all in these series, especially under the US which is so popular today, then this auction is an absolute MUST on your schedule.

For more information on the MPC Gram, contact: MPCGram@yahoo.com

Wayne Homren, Editor

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