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.

ADVERTISEMENT - CONTINUE READING BELOW

 

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

Here's an Exclusive First Look Inside the New Savoy Hotel Manila

The new hotel is the fifth located in Andrew Tan-owned Newport City

byPaul John Caña | June 24, 2018 09:00:00

7 Cutting-Edge Tips to Achieve What You Really Want in Life

Here's how to stop feeling stuck

byThe Oracles | June 24, 2018 06:00:00

How Studying History Brings Success

Studying history gives you an advantage because human nature never changes

byDavid Meltzer | June 24, 2018 02:00:00

How KC Concepcion Built Her Own Jewelry Line

KC Concepcion describes herself as "a one-woman show" behind Avec Moi

byFM Ganal for Pep.ph | June 24, 2018 00:00:00

Seen Any 10,000-Piso Banknote Lately? It’s a Fake, Warns the Bangko Sentral

Monetary authority advises the public to report to the police any forged currency in circulation

byEntrepreneur Staff | June 23, 2018 15:00:00

Vintage and Ultra Rare Watch Sets Worth Up to Php5M are For Sale at This Pop-Up Event

Luxury timepieces are the main draw at Vintage Grail’s Box & Papers Sale

byCyrian Agujo | June 23, 2018 09:00:00

6 Simple Ways to Manage and Overcome Stress

Put your ego down and ask for the help when you need it

bySherrie Campbell | June 23, 2018 06:00:00

LinkedIn's Career Advice Feature Puts You in Touch with Potential Mentors

We tried the career advice feature out to see if it really works

byEsquire Philippines | June 23, 2018 02:00:00

Mark Zuckerberg Will Soon Replace Warren Buffett as World's Third-Richest Person

Facebook co-founder gains $1.7 billion after Instagram television announcement

byMadison Semarjian | June 23, 2018 00:00:00

Who are the Entrepreneurs Who Made it to Business Reality Show The Final Pitch?

Find out when Season 2 starts airing June 24 on CNN Philippines

byElyssa Christine Lopez | June 22, 2018 14:00:00

Which PH Blue-Chips Have Become More Affordable as the Stock Market Enters Bear Territory?

The PSE index’s fall to its lowest in 18 months may be worrisome for some but creates buying...

byPauline Macaraeg | June 22, 2018 09:00:00

Who Are the Top 50 Revenue-Generating Startups in the Philippines?

Entrepreneur Philippines releases a first-ever online ranking of the country’s leading startups...

byLorenzo Kyle Subido and Roel Landingin | June 22, 2018 07:00:00
Close