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How Rare? WW2 Emergency Currency Government Of Basey

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Jayman931's Avatar
United States
2651 Posts
 Posted 04/12/2011  12:49 pm Show Profile   Bookmark this topic Add Jayman931 to your friends list Get a Link to this Message Number of Subscribers
Hi all! This was handed down to me from my Grandfather. Its a piece of currency that he got in the pacific. I do not know the real name of it. All I know is the info he told me about it. It was produced in the field due to supply lines being cut or difficulty getting "regular" currency. If they were stamped and signed by the appropriate officer then it was Legal Tender. Does it have any value besides sentimental? How do you know when to get a note/currency graded? I have many WWI and WWII era notes.

How-Rare?-WW2-Emergency-Currency-Government-Of-Basey
How-Rare?-WW2-Emergency-Currency-Government-Of-Basey
Edited by Jayman931
04/12/2011 1:03 pm
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 04/12/2011  7:39 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
"Basey is a municipality in the province of Samar, Philippines. ..."
http://en.wikipedia.org/wiki/Basey,_Samar

Looks like it would have been worthless outside the location of issue, and therefore not many would have survived, if ever many were produced.

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Jayman931's Avatar
United States
2651 Posts
 Posted 04/13/2011  02:33 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Ok...I have already researched the basic history of Basey and Samar...Tp my knowledge there are only 5 of these 50 centavos bills talked about in the internet. I suppose there were at least over 30,000 produced but how many survived. They were field notes.. The Naval battle of Samar is the biggest reason people know about Samar and Basey, but these bills were printed before them by Guerilla fighters in 1943. They are called "emergency currency"...I just don't know if there are tons of them? Or if they are rare. I have ther Japanese Occupation and Phillipines occupation notes that are common.....I want to know about this "emergency currency"...
Edited by Jayman931
04/13/2011 02:34 am
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 04/13/2011  7:48 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
"emergency currency" has been issued in many places over history: every example has a special story to tell.
It could be a very interesting area to concentrate on.
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Jayman931's Avatar
United States
2651 Posts
 Posted 04/20/2011  11:40 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
I guess when I say there are only 5 I am refering specifically this note i.e 50 centavos from Basey
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Deltron's Avatar
United States
508 Posts
 Posted 04/20/2011  11:56 am  Show Profile   Bookmark this reply Add Deltron to your friends list Get a Link to this Reply
That's a pretty neat piece of history you have there.
New Member
United States
2 Posts
 Posted 04/24/2011  8:55 pm  Show Profile   Bookmark this reply Add Askari to your friends list Get a Link to this Reply
I collect Philippine guerrilla notes, but am not familiar with this one. I think it may be a municipal issue. If so, it could be rare. They're not commonly seen, and little is known about them since most of the official records were destroyed during the war (and the issuing authorities executed, if captured by the Japanese) and I don't think they were redeemed by the national govt. after the war. I don't have my references handy, but can check them later this week. Since they were handed down by your grandfather, they should be legit. Unfortunately, there has been a lot of counterfeiting of rarely seen guerrilla notes in recent years - just because they are so scarcely seen by the non-advanced collector.
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Jayman931's Avatar
United States
2651 Posts
 Posted 07/19/2011  7:38 pm  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Askari come back! Knock Knock
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Israel
20 Posts
 Posted 07/23/2011  12:10 pm  Show Profile   Bookmark this reply Add barak to your friends list Get a Link to this Reply
hi
pls check this web , it have a lot of info about philipines ww2 bank notes
http://www.guerrilla-money.com/index.php
New Member
United States
2 Posts
 Posted 07/23/2011  4:09 pm  Show Profile   Bookmark this reply Add Askari to your friends list Get a Link to this Reply
Sorry, I had some family issues come up and subsequently totally forgot about this. Other than images, I haven't found much on it other than that it might have the catalog no. of SMR-214a (http://www.banknotebank.com/note/933124). I'm unfamiliar with this source and am trying to track a copy down.

The standard municipal issues listed in Krause's Specialized Issues catalog were authorized by the provinces, but a number of municipalities such as Basey in Western Samar Province appear to have issued their own on their own authority later in the war.

Your example appears to me to be legit as there are other denominations and signature groupings. Grading is as per customary standards, although yellowing of edges is not particularly noteworthy. As for value, they are too uncommon to be able to say. While rare, they are thinly collected.
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