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FUN Signature Currency Sale 4021  9 & 13 Jan 2020
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Lot 28355

Estimate: 4000 USD
Price realized: 10 000 USD
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World Currency
Philippines Republica Filipina 1 Peso 24.4.1899 Pick A28a PCGS New 62. In most cases, banknotes are desirable due to their aesthetic features, high denomination, or rarity. This example from the Philippines is exceedingly rare and is an important relic from the first Republic on the entire Asian continent. The Spanish-American War began in 1898, and had a lasting impact on global balance of power, as the United States obtained its first true colonial possessions and ended Spanish involvement in the Caribbean and Southeast Asia. Immediately thereafter, Philippine forces attacked their new colonial leaders and established the first Philippine Republic lead by Emilio Aguinaldo. The United States regained control of the archipelago by 1901 and the republic ended. In that brief period of the Republic, two hasty series of banknotes were created, all with common design elements. This example is the only known surviving denomination of the 1899 series, and it truly is remarkable to encounter one in Uncirculated grade. Hastily applied serial numbers are seen on the front side of this banknote. A light paper scuff prevents a higher grade for this seldom-seen banknote from this historically pivotal time in Philippines history. The first issued example with a serial number we have had the privilege to offer, and in fact among the finest graded examples ever to be brought to auction. https://currency.ha.com/itm/world-currency/philippines-republica-filipina-1-peso-2441899-pick-a28a-pcgs-new-62/a/4021-28355.s?type=CoinArchivesCurrency4021 HID08706262019 © 2019 Heritage Auctions | All Rights Reserved

Estimate: 4000-6000 USD
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