Heritage World Coin Auctions
Dallas Signature Currency Sale 4029 30 Apr 2021
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Philippines Republica Filipina 5 Pesos (1898-98) Pick A27a PCGS New 61. The Spanish-American War had repercussions on multiple continents which affected millions of people, and ultimately shifted the balance of power in Southeast Asia. After centuries of oppressive rule, the Spanish stranglehold on the Philippines began showing its weakness, and the Filipino people took advantage of the situation to declare independence from colonial powers. Emilio Aguinaldo lead the charge and was instituted as the first President of the Republic. Neither Spain nor the United States recognized the Republic. However, the new government in Manila issued a series of banknotes which circulated briefly. Extant examples of these historic notes are seldom seen today. After the Spanish American War concluded, the new Philippine Republic declared war on the United States, and a three year war began. Aguinaldo and his forces surrendered to the United States in 1902, and a new series of coins and banknotes were issued the following year. This crudely made banknote is extremely rare as a fully issued banknote, complete with a serial number and a manuscript signature of Pedro A. Paterno. The 1 Peso is seen on occasion, but this 5 Pesos denomination is the true rarity. In fact, this is the only the third example with serial numbers and a signature that we have handled. Assuredly missing from even the most advanced collections, this piece is eminently desirable. A historically important 19th century type issued by the brief Republican government created in a desperate attempt for self determination. Iconic and extremely rare, as these notes circulated only from 1898 until 1903. Stains are mentioned by the third party grading company on this well preserved example. https://currency.ha.com/itm/world-currency/philippines-republica-filipina-5-pesos-1898-98-pick-a27a-pcgs-new-61/a/4029-28422.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 16000-24000 USD
Philippines Republica Filipina 5 Pesos (1898-98) Pick A27a PCGS New 61. The Spanish-American War had repercussions on multiple continents which affected millions of people, and ultimately shifted the balance of power in Southeast Asia. After centuries of oppressive rule, the Spanish stranglehold on the Philippines began showing its weakness, and the Filipino people took advantage of the situation to declare independence from colonial powers. Emilio Aguinaldo lead the charge and was instituted as the first President of the Republic. Neither Spain nor the United States recognized the Republic. However, the new government in Manila issued a series of banknotes which circulated briefly. Extant examples of these historic notes are seldom seen today. After the Spanish American War concluded, the new Philippine Republic declared war on the United States, and a three year war began. Aguinaldo and his forces surrendered to the United States in 1902, and a new series of coins and banknotes were issued the following year. This crudely made banknote is extremely rare as a fully issued banknote, complete with a serial number and a manuscript signature of Pedro A. Paterno. The 1 Peso is seen on occasion, but this 5 Pesos denomination is the true rarity. In fact, this is the only the third example with serial numbers and a signature that we have handled. Assuredly missing from even the most advanced collections, this piece is eminently desirable. A historically important 19th century type issued by the brief Republican government created in a desperate attempt for self determination. Iconic and extremely rare, as these notes circulated only from 1898 until 1903. Stains are mentioned by the third party grading company on this well preserved example. https://currency.ha.com/itm/world-currency/philippines-republica-filipina-5-pesos-1898-98-pick-a27a-pcgs-new-61/a/4029-28422.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 16000-24000 USD