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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

29 March 2013

Philippines - 50 Piso 1999 Central Bank Commemorative

50th Anniversary of Central Bank 1949-1999 Commemorative
Fifty Piso (no Date)
ND1999, P191
Reverse
Second Issue
Fifty Piso (Year 1999 added)
Dated 1999, P191A
Reverse
It is interesting to note that for this commemorative note, it comes in two varieties. The difference between the two is that a year date (1999) is added to the second issue, located on the front left hand side just below the value denomination of 50. The first issue (Prefix LH) was signed by the 12th President, Fidel Valdez Ramos (1992-1998), and the second note (Prefix SD) was signed by the 13th President, Joseph Ejercito Estrada (1998-2001). President Estrada was forced out of office in 2001 following corruption charges filed against him. Both notes are counter signed by the Governor of Bangko Sentral ng Phillinas, Gabriel C Singson (1993-1999). It should also be noted that the names of the two signatures were also added to the second note, whilst the first has none. Here I have added the second note to my posting.

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