World War Two Banknote collection

Under the US administration P1.00 = $.50.

 

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That is a amazing display, thank you for sharing!

 

Nathan F's Philippine emergency note, right side 2nd row up from bottom...
...is initialed, countersigned in pen-ink by a real live guerrilla.

 

All of the Negros notes are countersigned. The 50, 100 and 500 peso notes carry full autograph validation signatures.

 

I did not know that! [full validation signature]
Sho' 'nuff, all the ebabies have a signature.

 

Well, I posted my North African notes in the New Acquisitions thread. Here they are again:

 

I like to collect ones-and-twos of special types of notes, so I will probably add an MPC or two at some point in time.

What was the rationale behind even having MPCs ? Why did the Military feel the need to create a special voucher that could only be used at PX's and things like that ? Why not just give the soldiers regular currency all the time ?

 

MPC was introduced to segregate the US$ from the local economy. Currency control was a big problem during the early occupation due to blackmarketing.

The Pentagon accounts in theater were running a deficit in that soldiers were remitting more back home than troops were being paid.

They attempted currency control books. They prohibited converting local currency to dollars and required that money orders and other dollar instruments had to be paid for in dollars.

It was also done to prevent the US$ from dominating the local economy to the detriment of the local currency.

If you want to learn about this in depth, read Walter Rundell's book Black Market Money.

 

The easy answer was to keep from destableizing the local currency getting paid
In MPC and utilizing it at only ( GI based trading posts) kept this in check for
The most part but there was still some black market activity going on however.

 

How much should I pay for a Hawaii $1 note in Gem 65 condition ? What about 66 & 67 ?

How much would you pay for a low SN in addition ? Would I find one with 2 digits....or more likely looking at 4 or 5 digits in the SN ?

 

i would check ebay,s completed listings as well as Heritage auctions past listings
This will give you a good idea on what you should expect to pay.

 

I did, will do it again. Thanks !

 

Looks like generic PMG 65's go for about $170. Low SN's add about 50-200% to the price, depending on how low.

 

Only the C-C block started at 00000001.

 

Thanks for that tidbit, where'd you get that from ? STANDARD GUIDE or SMALL CURRENCY books ?

I like to combine 2 or 3 factors when buying some bills that I can afford. In this case, the Hawaii note + high quality + low SN.

I've seen some SN's in the 4's (1,000 - 9,999) but have also come across a few with 3 digits. Price really goes up alot when you get high-quality too.

 

When getting help with values try and steer clear of books that are printed
Once or in additions they tend not to have the current trends on values
A monthly publication would be your best bet.

 

Just an additional check in addition to completed sales from online....plus, if the sales are dated, the book can be a check even if it's from a while back if you interpolate pricing.

 

The serial number ranges are in WWII Remembered, a must have book of you are into WWII paper money. They are also in Friedberg and the small size catalog.

 

Thanks !!

I got a pretty nice North Africa PMG 65 for a few hundred I believe and am considering stretching for a low SN 65 Hawaii note. I'll see what is out there at FUN.