World Paper Money > Philippines
Philippine National Bank
50 100 Pesos 1920
PMG VF 25
Highest denomination of series; Magellan. The only such denomination made for this issuer. A scant 200,000 produced. Dark green frame on face and olive green on back is standard for type. PMG terms this "VF 25 tear" (upper left); tied for second of only six examples on the population report. Better than the Pineda example which hammered for $3200.
($ 4,000.00 - $ 6,000.00)