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World Paper Money > Philippines

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Philippine National Bank
50 100 Pesos 1920
Grade: PMG VF 25    

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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.

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