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The E-Sylum: Volume 17, Number 36, August 31, 2014, Article 16

1941 PHILIPPINE TREASURY NOTES

The 12th Annual Philippine Collectors Forum (PCF) convened at the recent American Numismatic Association convention. I was unable to attend, but Ray Czahor published a comprehensive set of minutes afterward. Here's is an excerpt about Neil Shafer's presentation. Neil kindly forwarded me images of the items he discussed. Thanks! -Editor

Neil Shafer next took the floor and shared BEP printer proofs not seen before of planned Series of 1941 Philippine Treasury Notes in 50-, 100- and 500-denominations. The notes were intended for use in the islands up until war events curtailed their delivery late in the year. A stunning sight to see notes that never came to fruition! Neil also spoke about his progress in completing the update to his indispensable 1974 book on the Guerilla-issued emergency notes. (The most recent update was of Iloilo notes in the September, 2014 issue of Bank Note Reporter.)

Philippines 50 Pesos Series of 1941

Philippines 100 Pesos Series of 1941

Philippines 500 Pesos Series of 1941

Neil adds:

I'd like to give credit to Robyn Einhorn, Collection Manager at the Smithsonian's National Numismatic Collection for securing these scans for me.

I first saw them in Washington, D.C. while they were still at the Bureau of Engraving, so that would have been in 1961 I believe. It had not occurred to me to get illustrations of them at the time, as it would have required a camera, etc. and I had no such equipment. Dick Doty was going to get scans for me but he was quite ill at the time and never was able to do them.

Of the 1941 Philippine Treasury Certificates, they did issue the lower values of 1, 2, 5, 10 and 20 pesos, with the last being made in very limited quantity. Plans were underway to produce the final three high values but the commencement of World War II intervened and if any were printed they were destroyed, leaving only these proof impressions as a record.

On the revision of my 1974 Philippine guerrilla currency book, I had decided to attempt to do this through my monthly column in Bank Note Reporter as it was too long and involved a project to cope with by itself. That way I was able to gather together the information on a sporadic basis and that is now how they are appearing in the paper. It has been ongoing for several years now and there is still a long way to go, plus significant new data that must be presented. Hopefully once those articles are finished they can all be amalgamated into one unit (provided I live long enough!).

THE BOOK BAZARRE

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Wayne Homren, Editor

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