Often notes that have been cancelled or demonetized have had holes punched in them like this. I don't know about these specific notes, but I would suspect that's the reason for the holes.
1 have at least 70 Japanese Government FIVE CENTAVOS Issued date: 1942 What are they worth in American dollars? Could they be better placed in a museum? Thank you for your willingness to help Kassandra edited
1,5,10 cvo (1942) with JAPWANCAP inky handstamp may be 'uncommon'. ...and 5cvo,50cvo with fractional block letters might grab attention. http://www.atsnotes.com/banknotes/philippines.html
Dave in Delaware - I'm brand new with this and I don't even where to start. Thank you for being willing to help me out. I didn't mean to sound demanding or rude-I just am at a loss of how this group works or how to find the value of this money that I inherited
Thank you George, I appreciate and guidance because I have no clue on this process and knowing what sites are creditable. My biggest desire is to know the history behind it and if there is value/importance to these should I be donating them to a museum. They have high value to me because I was given them by my deceased grandfather. I would like to carry on his legacy of his many collections as he would like them to be
Thank you for educating me! I love leaning things that interested my grandfather. I don't see any holes & they are in mint condition
These notes have very little collector value. Millions were made and thousands brought home as souvenirs. They are often given away to new collectors. A museum may take them. Whether they display them or not is questionable.
The holes were added when the Philippines changed currency. That showed that they had been exchanged for new money and not be exchanged again. The 500 and 1,000 are nice notes. Hard to find in that grade!
Wikipedia has a wealth of miscellaneous info - more often than not, a web search for a specific term leads to the WP site - their numismatic and coin minting info is very good - here's what they say about the Japanese Pesos: https://en.wikipedia.org/wiki/Japanese_invasion_money
dave_in_delawar They are real money, issued by the Japanese government during their occupation of the Philippines in world war 2. These were issued in all the colonies occupied by Japanese forces in 1942 with same design and shape. Nos. like PG, PK, P/AA, P/AW were used for Philippines. Likely those were issued in Burma (now Myanmar) with code nos.BA, B/cl,BD,BF, BH, BY etc. In Malaya with code nos.MI,Mb,MB,MC,MI,MN,MK,MR and so on. Generally they were used in forces. After the war was over payment was given to holder and notes were punched holed so that it can not be used further.