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    Description

    Rare High Denomination Remainder

    Philippines Banco Espanol Filipino 100 Pesos 1.1.1904 Pick A35r Remainder PMG Gem Uncirculated 66 EPQ.
    Issued by the Banco Espanol Filipino during the earliest years of the American administration of the archipelago, this 1904 is incredibly challenging to find in any format. In 1912, the bank changed its name to Bank of the Philippine Islands, and still operates as such today. Until 1896, The Banco Espanol Filipino issued notes denominated as Pesos Fuertes, which translates to the "Strong Peso". Many Filipinos of European decent fled to Spain after the Spanish American War ended, which may account for the known examples from the 1896 series of banknotes. After the regime change, "Fuertes" dropped from the denomination for the 1904 series, which is virtually nonexistent today, for reasons partially unknown. This perfectly preserved remainder is a once in a lifetime opportunity to own a relic from the 1904 emission. Gem quality paper is easily seen through the third party holder. Three perforated cancellations are mentioned for accuracy. This is the first example offered in public auction since electronic records became commonplace, and it is the only example graded in the PMG Population Report at the time of cataloging. An important opportunity to acquire this large format, high denomination type.


    Estimate: $6,000 - up.

    Auction Info

    Proxy Bidding Ends
    April
    23rd Thursday 11:50 am CT
    Auction Dates
    April
    23rd-27th Thursday-Monday
    Proxy Bidding Time Remaining
    14 Days 21h 15m 58s
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: 35
    Page Views: 306

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    This lot is in: 2 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 28200-28580) - 12:00 PM Central Time, Thursday, April 23, 2020.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions - Dallas
    3500 Maple Ave
    17th Floor
    Dallas, TX 75219

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    ** Lots bearing estimates and without Consignor Reserve shall open at Heritage Auctions' discretion (usually 25% to 60% of the low estimate).

    Opening Bid:
    $3,000
    Bid Protection
    w/ Buyer's Premium (BP) : $3,600.00 Minimum Next Bid: $3,000 ($3,600.00 w/ BP)
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