Date: 1944
Colour: Black with red print.
Philippines S525a 1944 5 Pesos
Mindanao Currency Board notes were created out of a desire to have a uniform currency for the entire island. Upon the printing of the first Mindanao Emergency Currency Board issue, the relatively few notes previously issued by Lanao and Misamis Occidental provincial officials were withdrawn. This is the second issue of Mindanao Emergency Currency Board notes. Second issue
notes bear dates of 1943, 1944 or 1945 reflecting the year in which they were released to circulation. Second issue notes were the product of Sam Wilson's mint, known as the “hit-and-run mint”, since the makers were constantly on the move to avoid confiscation, capture and death at the hands of the Japanese. It is amazing that this currency was so widely accepted by the Filipinos, becoming the foundation of their existence under occupation, considering that the Japanese, early on, decreed that anyone caught with the currency would be shot on the spot.
Mindanao Currency Board notes were created out of a desire to have a uniform currency for the entire island. Upon the printing of the first Mindanao Emergency Currency Board issue, the relatively few notes previously issued by Lanao and Misamis Occidental provincial officials were withdrawn. This is the second issue of Mindanao Emergency Currency Board notes. Second issue
notes bear dates of 1943, 1944 or 1945 reflecting the year in which they were released to circulation. Second issue notes were the product of Sam Wilson's mint, known as the “hit-and-run mint”, since the makers were constantly on the move to avoid confiscation, capture and death at the hands of the Japanese. It is amazing that this currency was so widely accepted by the Filipinos, becoming the foundation of their existence under occupation, considering that the Japanese, early on, decreed that anyone caught with the currency would be shot on the spot.
Front: The seal of the Philippines in red. All notes carry the signature of Florentino Saguin, as Chairman of the Board with F.D. Pacana and I. Barbasa as Members.
Back: The larger denominations bear both English and Tagalog text on the reverse.Watermark: None
Printer: Local Printing Press Philippines
Varieties
a. No Series letter. Type I and Type II mixed in serial # 00,001 to 69,000
b. Series 5. Type I and Type II mixed in serial # 69,000 to 99,000
c. Series 7. Serial # 00,001 to 07,100
Catalog Value:
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