Watch List notes:

Central Bank of the Philippines, 1949 Essay Banknote Specimen or Proof. Philippines, 1949, 50 Pesos, P-138pe, Unlisted uniface front essay banknote, Antonio Luna on left with seal on right black on m/c tinted underprint with multicolor threads or fibers on right, back blank, Tope left margin has date "6-2-(19)54", right has text "50F-BN 25620A", No serial numbers, Printed by Security Bank Note Company rather than the issued notes being printed by TDLR. PMG graded Choice About Uncirculated 58 EPQ. SBNC.

Estimate: 400 - 800