Now Buying PVN (Philippine Victory Notes), 1936 and 1941 Peso Notes Philippines

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Now Buying PVN (Philippine Victory Notes), 1936 and 1941 Peso Notes

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Now Buying PVN (Philippine Victory Notes), 1936 and 1941 Peso Notes

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Budget:P 1,000,000.00
Date Posted: May 4, 2009
Classification: Wanted to Buy
- Ad ID: 1340845
- Date Updated: July 23, 2009
- Category: Coins and Currency
- Short URL:
Ad Details

truegold

Zach Anderson

Feedback Score:
Member Address: Metro Manila
- Registered: Apr 15, 2009
- Last Sign In: Feb 11, 2013
Seller Details

Description

Now Buying PVN (Philippine Victory Notes), 1936 and 1941 Peso Notes

History

The Philippine Government issued Philippine Treasury Certificates (Victory Series 66) commonly known as Philippine Victory Notes, in 1944. These currency notes were for use only in the Philippines, which at the time was a dependency of the United States, and were obligations of the Philippine Treasury. The 500-Peso Philippine Victory Notes were demonetized by the Philippine government on December 31, 1957, and were withdrawn from circulation. At that point, other denominations of the Philippine Victory Notes (Victory Series 66) were no longer regarded as legal tender but could be exchanged or replaced at par, without charge, for legal currency until July 30, 1967. After that date, Series 66 was considered demonetized.

When U.S. Forces commanded by General Douglas MacArthur landed on Leyte Island on October 20, 1944, they carried with them Philippine Treasury Certificates (Series Number 66) with VICTORY boldly overprinted in black on the back. When the Central Bank of the Philippines assumed financial control of the republic in 1949, a new issue was created by overprinting the VICTORY notes with CENTRAL BANK OF THE PHILIPPINES in red thus creating an interesting double overprint. These double overprint notes are not considered military issues.

Identification and Payment

I am buying two types of PVN, all denominations. Also listed are the pre-Victory Philippine Peso notes of 1936 and 1941. Serial Numbers begin with D, E, or F. Replacement notes are indicated by a star prefix to the serial number.

1944 PVN (1) a blue seal, (2) the words "VICTORY SERIES NO. 66" on the front, (3) no date, (4) a serial number beginning with "F" (or a star), and (5) only the word "VICTORY" overprinted in black on the back. Payment is 15 to 1 for these. That's 15 times PVN face value.
1949 PVN will look exactly like a 1944 PVN, but with an additional overprinting of "CENTRAL BANK OF THE PHILIPPINES" in red on the back. Payment is 1 to 1 for these.
1941 Philippine Peso(s) (1) a reddish-brown seal, (2) the words "SERIES OF 1941" on the front, (3) a serial number beginning and ending with "E" (or a star), and (4) no overprinting on the back. Payment is 15 to 1 for these.
1936 Philippine Peso(s) (1) a reddish-brown seal, (2) the words "SERIES OF 1936" on the front, (3) a serial number beginning and ending with "D" (or a star), and (4) no overprinting on the back. Payment is 15 to 1 for these.

Payments are divided as follows:

60% to the Holder/Owner
10% to Sell-side Intermediaries
10% to Buy-Side Intermediaries
20% as Buyer's Discount (covering authentication, banking fees, overseas shipping, insurance)

Makati Test Buy

Seller must present in Makati ten (10) consecutive notes of each denomination, a total of seventy (70) notes. These will be authenticated by a professional. This is a 24-48-hour process. The denominations are:

    1 Peso
    2 Pesos
    5 Pesos
   10 Pesos
   20 Pesos
   50 Pesos
100 Pesos

The total face value of the test buy is P1,880. A receipt is issued with my US Passport Number. Within 48 hours, the Seller is paid P28,200 (or else the failed notes are returned, no questions asked).

After a successful Test Buy, the remainder of your collection can be presented anywhere in the Philippines for full purchase.

500-Peso notes were also printed, but are very rare. Yes, I am interested in these as well.

Mintage Figures

These numbers are the totals for Series 66, less the number assumed to have been overprinted "Central Bank of the Philippines". In other words, these are the 1944 PVN figures (many of which were redeemed and destroyed before July 30, 1967). So, please don't try to offer more PVNs than are known to have been printed.

Cat # Denomination/Illustration   Signatures      Mintage
1    1 peso (Mabini)          Osmena/Hernandez   61,192,000
2   2 pesos (Rizal)          Osmena/Hernandez   16,231,272
3    5 pesos (McKinley/Dewey) Osmena/Hernandez   17,355,000
4 10 pesos (Washington)     Osmena/Hernandez    16,825,600
5 20 pesos (Mt Mayon)       Osmena/Hernandez    12,439,635
5A 20 pesos (Mt Mayon)       Roxas/Guevara        1,063,765
6 50 pesos (Lawton)         Osmena/Hernandez     1,884,686
6A 50 pesos (Lawton)         Roxas/Guevara          456,414
7   100 pesos (Magellan)       Osmena/Hernandez       487,335
7A 100 pesos (Magellan)       Osmena/Guevara          363,266
7B 100 pesos (Magellan)       Roxas/Guevara           404,799
8   500 pesos (Legaspi)        Osmena/Hernandez         12,991
8A 500 pesos (Legaspi)        Osmena/Guevara          130,725
8B 500 pesos (Legaspi)        Roxas/Guevara           163,284

Contact

I am willing to pay up to PHP 1,000,000 for a nice collection. Contact Zach Anderson at zma@alumnix.rice.edu (remove the x - it's alumni, not alumnix) or by text at 0908-531-1521. English only, please. Please specify exactly what you are offering.