PHILIPPINES. Philippines National Bank. 100 Pesos, 1920. P-50. PMG Very Fine 25.
Magellan pictured at center on this 100 Pesos note, which is also the highest denomination of the series. This piece is seldom offered in auctions, and it is among the finest we have handle which shouldn't be surprising given that only 200,000 pieces produced. PMG comment of "Minor Repairs". Free of the bleeding red seals that usually plague this issue.
Estimate: $5000.00- $7000.00