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Stack's Bowers & Ponterio
January 2018 NYINC Auction  11-13 Jan 2018
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Lot 30365

Starting price: 1800 USD
Price realized: 3300 USD
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PHILIPPINES. Bank of the Philippine Islands. 200 Pesos, 1912. P-12. PMG Very Fine 30 Net. Rust, Ink.
With only two pieces certified by PMG as the 200 Pesos note for the 1912 series, this is the finer of the two. Rust and Ink mentioned in the comments section but the USBEP design is still fully visible. As the finest known, we believe our opening price is far below market value. PMG Very Fine 30 Net. Rust, Ink.

Estimate: $3000.00- $5000.00
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