th images menu user export search eye clock list list2 arrow-left untitled twitter facebook googleplus instagram cross photos entrep-logo-svg

Got ‘Faceless’ Php100-Bills? If Genuine, It Could be an Opportunity to Make Extra Money

There’s an active online market for Philippine banknotes with printing errors
By Elyssa Christine Lopez |



On December 25, a photo of a faceless Php100 bill went viral on Facebook after its owner, call center agent Earla Anne Yehey, posted a photo of the bills that she got when she withdrew money from a Bank of the Philippine Islands (BPI) ATM.


Yehey received four pieces of Php100 bills without the facial image of the late President Manuel Roxas, a standard feature of Php100 banknotes. 


Three days after, the Bangko Sentral ng Pilipinas (BSP) issued a statement admitting that glitches at its security plant caused the printing errors. It added that the bills were legal tender despite the obvious error.


This incident may be troublesome for someone who badly needs cash. But for others, Philippine peso bills with printing errors can actually mean more money. A quick search on online marketplaces such as eBay and OLX shows a handful of peso bills with errors that are being offered for sale for much more than the bills’ face values.




On eBay, around nine kinds of peso bills, each with a corresponding printing error, are being sold from $13 (Php650) to as much as $119 (Php5,950). The prices don’t seem to follow any discernable logic and reflect mainly the sellers’ idea of their worth.


Three pieces from the lot have errors in their serial numbers, one of which is the most expensive from the whole bunch—a Php100 bill issued in 2004 which has a mismatched pair of serial numbers on its front side. The bill is being sold for $119, or more than Php5,000. Meanwhile, the cheapest in the lot is a Php100 bill issued during the World War II which has an off-center back side, sold only for Php650.


On eBay Philippines, four kinds of peso bills are being sold. Some were either printed in 2005, when the BSP mistakenly printed a series of Php100 bills with an “Arrovo” sign instead of “Arroyo,” the name of former President Gloria Macapagal Arroyo. Others were released in 2014, when the BSP completely changed the design of the Philippine denominations and initially misprinted some peso banknotes.


The most expensive among those being sold on eBay Philippines is a Php100 bill with an incomplete design at the back. It does not show a map of the Philippines or the image of Mount Mayon. The seller is selling it for Php3,199.


 Screenshot of a Philippine bank note with a printing error being sold online




The two bills with the “Arrovo” misprint are priced rather widely. One is being sold for Php1,000 while the other is priced at only Php350. But the most expensive bill of this kind is priced at Php8,000 and can be found on OLX.


So, the next time you get a misprinted peso bill, think of how much coin and currency bill collectors may be willing to pay for it. But, first, verify that your banknotes are genuine and not fake.






Elyssa Christine Lopez is a staff writer of Entrepreneur PH. Follow her on Twitter @elyssalopz

Latest Articles

Can Gov’t Take Frequencies From Globe and PLDT to Give These to the 3rd Telco Player?

Policy makers admit available spectrum is not enough to make new entrant competitive

byElyssa Christine Lopez | January 18, 2018 19:00:00

PayMaya, GCash QR Code Tech Can Now be Used for Payments in The SM Store and Other Large Retailers

The two telco-powered mobile wallets are slowly working toward the BSP’s vision of a cashless...

byLorenzo Kyle Subido | January 18, 2018 14:00:00

This Property Manager Has a Better Deal than AirBnB or Private Leasing for Condo Investors

Founded by Luis Monserrat, Hospitality Innovators Inc now counts 19 properties in its portfolio

byPaul John Caña | January 18, 2018 13:00:00

All Entrepreneurs Face Failure But the Successful Ones Didn't Quit

Fear of failure is natural. In entrepreneurship, overcoming your fears is essential

byDaniel Neiditch | January 18, 2018 08:00:00

Avoid These 5 Early Mistakes I Made as an Entrepreneur

Learn from my mistakes and save yourself unnecessary hardship

byJonathan Long | January 18, 2018 06:00:00

Why Most New Year's Resolutions Fail and What You Should Do Instead

It's incredibly hard to break out of old habits

byJulie Christopher | January 18, 2018 02:00:00

The New Metropolis Rising in Central Luzon is Getting Some Help from Singapore

A consulting firm from the Lion City has been tapped for the project

byMiguel Escobar for | January 18, 2018 00:00:00

Want a Salary of Up to Php99K a Month? Here’s a List of the Highest-Paying Jobs for Pinoys Abroad

Asia and the US need engineers and technicians but Middle East wants healthcare professionals

byElyssa Christine Lopez | January 17, 2018 19:00:00

Former Stock Exchange Chief Assails SEC Decision on Rappler as ‘Anti-Business’

Lawyer Francis Lim says agency’s harsh penalty is inconsistent with its mandate to protect...

byEntrepreneur Staff | January 17, 2018 15:00:00

Need a New Office Space For Your Business This 2018? Try FlySpaces Passport

The subscription service is perfect for highly mobile employees and freelancers

byNicai de Guzman | January 17, 2018 11:00:00

9 Reliable Ways to Cultivate Creative Thinking

Some people are naturally creative. Everyone else can cultivate creativity

byJohn Rampton | January 17, 2018 08:00:00

3 Simple Ways to Increase Empathy at Work

Empathy is a great way to climb the career ladder

byCeren Cubucku | January 17, 2018 06:00:00