Stack's Bowers & Ponterio
January 2017 NYINC Auction 12-14 January 2017
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PHILIPPINES. Philippines National Bank. 5 Pesos, ND (1919). P-43. PCGS Very Good 8 Apparent. Minor Damage; Small Rust Stains; Overprint Bled Through to Back.
This very rare find is the first of the type we have had the privilege to offer. These emergency issues are extremely rare as they were only available for a short period of time, and seldom come up for auction. This particular low grade example shows all the important details and blackout overprints that one would want to compare in contrast with the P-7 design this version is overprinted on. PCGS mentions Minor Damage, Small Rust Stains, and Overprint bled through to back in the comments section of the holder. These are typical defects usually found at this grade level. PCGS Very Good 8 Apparent. Minor Damage; Small Rust Stains; Overprint Bled Through to Back.
Estimate: $6000.00- $8000.00
This very rare find is the first of the type we have had the privilege to offer. These emergency issues are extremely rare as they were only available for a short period of time, and seldom come up for auction. This particular low grade example shows all the important details and blackout overprints that one would want to compare in contrast with the P-7 design this version is overprinted on. PCGS mentions Minor Damage, Small Rust Stains, and Overprint bled through to back in the comments section of the holder. These are typical defects usually found at this grade level. PCGS Very Good 8 Apparent. Minor Damage; Small Rust Stains; Overprint Bled Through to Back.
Estimate: $6000.00- $8000.00