The Coin Shortage of 1917
50 CENTAVOS P41

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Note Details

Set Details
Note Description: Philippines / WWI Emergency Issue
50 Centavos 1917
Grade: 63 EPQ
Country: PHI
Note Number: PHI41
Signatures/
Vignettes:		 - National Bank
Certification #: 2169643-012  
Owner: coin928
Sets Competing: The Coin Shortage of 1917  Score: 376
Date Added: 8/27/2023
Research: See PMG's Census Report for this Note

Owner's Description

U.S. Philippines - 50 Centavos, Issued September 22, 1917 - Total issued: 4,000,000
Serial Number: 970208

World War I greatly increased commerce in the Philippines raising demand for circulating coinage. Rising silver prices made conditions even worse because people began hoarding silver coins which were already in high demand. The U.S. Mint was overwhelmed with demand for domestic coinage and was also minting coinage for other foreign countries due to the war.

These conditions finally caused the Philippine National Bank to issue these notes and one peso notes on September 22, 1917. 10 and 20 Centavo notes followed roughly a month later on November 20, 1917. The crisis was short lived and the notes were retired relatively quickly as they were returned to the bank.

Date acquired: 8/26/2023 (already graded by PMG)

Rev. 8/28/2023

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