On December 25, 2017, Earl Anne withdrew some penny so she could give to her nieces and nephews for Christmas. She took out P2,400 from an a automated teller machine (ATM) of the Bank of Philippine Islands (BPI) in Eastwood Libis, Quezon City. But when machine dispensed the bills, the faces were gone.
According to BSP Managing Director for Currency Management Carlyn Pangilinan, it’s a rare misprint that came from new printing plants which were installed a month ago. Numismatists or coin collectors were eyeing these 33 misprinted pieces by the central bank. Pangilinan said that “faceless” bills are legal tender and can be used as collectible item.
How does error currency look? Take a look below.
President Manuel Roxas was gone and the words “Republica” and “100” were faded. The seal is half-cut. This happened for the first time.
Bangko Sentral ng Pilipinas admitted the errors on the notes, which became a festive topic in social networking sites. Another example is the new-generation banknotes, rolled out durign 2010 which contains signature of late President Benigno Aquino. This 500-peso bill shows the rare native bird, the blue-naped parrot, with its red beak incorrectly rendered in yellow and the tail feathers underneath coloured green instead of yellow.
How about yours? What do you think of this?
Factors affecting error currency:
Misprinted money or error currency usually sells quite well at auction. Most error collectors expect notes to be in perfect condition. Depending on the gravity of error, unusual and rarely encountered errors can sells up to thousands of dollars. Why? Collecting currency errors is one of the most fascinating area of paper money collecting, a hobby that can be pursued in your wallet or receiving change from a transaction. Value, age and rarity are its properties. Oftentimes, dealers are the ultimate source for error currencies and specialists often try to keep stocks.
So don’t hesitate if you ever encountered one, save it and compile it using your box. Register the details to Collectors Hive (www.collectorshive.com or download Collectors Hive at Google Play or Apple Store), so you can have online collection, social media and even auction it on future.