I won this a few months ago. Because of this auction's age, this is the only photo left of it and I can no longer access the actual auction to get a better pic. If possible, maybe someone can enlarge the photo. If so, please note the oval shaped ink stamp on the left side of the reverse. This is an example of the notes involved in the lawsuit I mentioned. I previously googled that and read up on some of it. Interesting, but the info was incomplete. ( BTW, I bought this on eBay from a Coin Talk !! member. ) Just as the Henning nickel has a value increase because of the counterfeit factor and the back story, does anyone think there would be a value increase of these notes for the same reasons? Besides the obvious ink stamp, does anyone see or know, anything about this note that would make it identifiable as a counterfeit? Thanks guys.
Your picture is not big enough to determine whether it is a counterfeit. You are confused about the JAPWANCAP stamp. JAPWANCAP collected all Philippine JIM, not just the counterfeit notes. Not all notes with the JAPWANCAP stamp are counterfeits. The only significance of the counterfeits to the JAPWANCAP story is that JAPWANCAP argued that the counterfeits contributed to the inflation in the Philippines during the war. They made this argument to try to get around the six year statute of limitations in the Court of Claims. They argued that since the information about the counterfeits was not declassified until the 1960s that the statute of limitations should not apply. There are diagnostics on the one peso, five peso and ten peso notes to determine the counterfeits. The counterfeits are much scarcer than genuine notes but are still available for cheap. In fact, if you look hard enough you can find them in junk boxes as most people do not know how to identify the counterfeits. I can post pictures of the differences when I get home tonight.
Here are the diagnostics for the Philippine counterfeit JIM, the genuine is on the left and counterfeit on the right: 50 centavo - The small curved line under the upper right counter is solid on the original but broken on the counterfeit. 1 peso - The fingers below the three circles are separated on the original but are joined on the counterfeit. 5 peso - The curved lines under the 5 remain separate on the original but join the border on the counterfeit. 10 peso - There is a small tick mark on the counterfeit between the 1 and 0 that is not there on the original.
Krause publications has a US Currency Guide which contains those. Price Guides are not worthless lol. They represent Market Value (what material is trading for in the market place).
Price guides are just that, a guide and have to be published monthly to keep Up with on going trends, the green sheet was a really good one, it actually had Values for MPC in a monthly setting but the only went to 67EPQ, allot of my stuff is 68 and above so you do have to get creative when pricing, just so many factors to consider a guide just cant tell you everything.
Some price guides can be an excellent source for information regardless of the accuracies/inaccuracies of their prices.
Do you have a link for this info or can you send it in an email? BTW, the only one that I plainly understand is the 10 with tick mark. Thanks.
And Now with the AAFES POGS/Gift Certificates, there are over 533 different Pogs. 16 different printings, last one dated 2017.