Going through a friends collection and I’m not knowledgeable about foreign or MPCs... anyone know what this is? I’m sure this is an MPC but does anyone know anything about this one? @mpcusa ?
Japanese occupation notes not worth much at all. The wifes uncle had a shoe box full some in order got very little for the lot.
Both occupation notes at different times of WWII. The Japanese note was issued during their occupation of the Phillipines; the Allied Military Currency when Allied forces were in Italy. Both very common.
Japanese Invasion Money or JIM. Issued by Japan in all the countries it occupied in WWII. However the US made millions of counterfeits in order to destroy the Japanese economy. The streets of Malaya, Indonesia, Burma, Philippines were littered with them after the war. I have quite a lot.
Japanese occupation notes are a dime a dozen, American occupation notes, Germany, Italy, Japan are getting hard to find, Hold 'um
The US did not counterfeit JIM notes to ruin the economy. JIM notes were counterfeited so they could be used by operatives in Japanese held areas prior to liberation.
The U.S. counterfeited notes throughout the war partly in an attempt to destabilize the local economy, thereby demoralizing the Japanese, and to supply guerillas fighting the Japanese. General MacArthur asked the Office of Strategic Services (OSS) to replicate the Japanese currency in the Philippines for his eventual return. By luck, a supply of paper made from plants native to Japan was located in the U.S.[2] When that supply was exhausted the counterfeiting operation was transferred to Australia. In 1943 MacArthur requested and received the following counterfeited notes; five million 10-Peso notes, three million 5-Peso notes, one and a half million 1-Peso notes and five hundred thousand 50 centavo notes.[6] Counterfeit Japanese Invasion Money was produced by the Commonwealth Bank of Australia (CBA), at the time Australia's central bank
There are many posted here. https://www.cointalk.com/threads/post-your-japanese-invasion-currency-here.280959/
The amount of notes counterfeited by the United States and Australia for the Philippines was nowhere near large enough to disrupt the economy. In fact, the amounts counterfeited were insignificant in comparison to the amount put into circulation by the Japanese. It was also not used in a way that would have a significant impact on the economy. By the time the counterfeit notes were introduced the Japanese had already wrecked the economy in the Philippines. The allegation that the counterfeiting was done to disrupt the economy in the Philippines was first put forth by the JAPWANCAP group in their unsuccessful attempt at suing the Japanese and United States governments to redeem Japanese Military Pesos after the war. There is no evidence to support this in official records.
I'm still waiting for my email registration confirmation... I have gotten back into JIM after a three decade sabbatical. I figure JIM won't fetch much unless you know a "real" dealer whose got time or a staff to look through a pile. My modest accumulation was obtained in the mid '88s via approvals in the mail. Nowadays, I stumble through Ebay looking at neat stuff that may be obtained with the click of a mouse. I have discovered I have nothing... nothing for JIM in "cents" and no one centavo Philippines JIM.
Here.s one of my high grade examples, there very tough 500 Peso note, actually going to send this one in for grading, margins are a bit off but should do 58PPQ all day long like this one the most, because of its larger size have a couple 1000 Peso notes But they are less impressive just because of the size, will post one of the along with the 500 note
By the way the above 500 and 1000 are not to scale however the 500 is still much bigger the the 1000.
The 10 on the upper left of the reverse of the 10 Peso note [upper left of note, not upper left of image] has a "mole" growing out of the black ink connecting the top of the '1' and top of the '0' which indicates the 10 Peso is a counterfeit... per the following CT post: https://www.cointalk.com/threads/counterfiet-japanese-note.222173/
