Ever wondered about the value of an old 100 peso bill gathering dust in your collection? The Philippine peso, introduced in 1854, has seen several designs, and as time passes, old bills gain historical significance and sometimes, collectible value. Let's delve into the history and current worth of these old 100 peso notes.
Philippines' currency, the Philippine Peso, was first circulated as silver coins in 1854 during the Spanish colonial period. In 1903, the US-colonized Philippines established the Philippine Currency Act, leading to paper money production. The first peso bills were introduced, with the 100-peso note among them.
Philippine Banknote History and Design Evolution
entre dating back to the early 20th century. The earliest 100-peso notes bear the image of its designer, Juan "-"91, "", "" and "" on the front and feature intricate, cultural designs inspired by Philippine arts and history.
Over time, the peso's design evolved, adapting security features and reflecting Philippine culture. Each series holds distinct features, making old bills valuable to collectors.
Pelayo - The First Century of Philippine Currency
From 1908 to 1949, the first series, commonly known as the Pelayo series, was issued. Named after theMexican fisherman who discovered the wreck of the galleon San Jose, the Pelayo bills featured simplistic designs and low security features. A well-preserved 100-peso bill from this series can fetch around PHP 3,000 to PHP 5,000 today.
One example is the 1913 100-peso note, often sought by collectors. It exhibits faint shades of red, brown, and green, and may bear a vintage feel.
New Designs and Enhancements
In the 1950s, the Philippine government introduced new series, incorporating security features like watermarks and security threads. The 1967 series, for instance, showcased a color image of the Philippine coat of arms and the Malacañang Palace on the front. Today, a 1967 100-peso note in good condition can be worth PHP 800 to PHP 1,200.
The 1985 series, characterized by its deep blue and golden hues, featured the grand Sta. Cruz Church of Taal, Batangas. Today, this series' 100-peso note can be worth around PHP 600 to PHP 1,000.
Limited Edition and Commemorative Notes
Sometimes, 100-peso notes are issued in limited supply to commemorate significant events or personalities. These notes hold special value, especially when they bear distinct designs or unique serial numbers.
Examples include the 2013 series, celebrating the 150th anniversary of Philippine currency, and the 2016 series, honoring the late Senator Benigno Aquino Jr. A well-preserved 2013 or 2016 100-peso note can be worth around PHP 300 to PHP 500.
Collecting old 100-peso notes is an engaging hobby offering insights into Philippines' rich history. While some old notes retain practical monetary value, many hold sentimental or nostalgia-based worth. They serve as keepsakes, connecting us to the past. Explore your local numismatic scene or hostcock auctions to unearth hidden treasures in old peso bills.