Cagayan Emergency Certificate. Commonwealth of the Philippines. With revenue stamp and dry sealed.  Used during the Japanese Occupation 1943.  Shows wear due to age, rugged edge.  Circulated.

Mimeographed on various color of paper. Notes were folded and glued together with silk treads between folds.  An internal Revenue stamp of equivalent value was affixed on the left side of each note., which was the serially numbered and embossed with the official seal of the provincial government .  Sample notes without revenue stamp  or seal, were distributed to municipal treasurers to be posted in public areas. 

The grade I gave is just my opinion and may differ from others. Grading is subjective and not an exact science. Please take a look at the photo and grade it accordingly. Several subjective factors of personal preference may be considered different by others. These include paper texture, quality, color, folds, markings, stains and overall eye appeal.

ABOUT US PHILIPPINES BANKNOTES

I noticed that the catalogue value of the US Philippine notes have increased dramatically over the past 4 years. With the high demand for US Philippines Banknote, the supply in our county is getting scarcer even for the common ones. Even in our local and international auctions good bank notes seldom appear. Unlike coins which is easy to keep and preserve, paper money are demonetized and destroyed by the banks and with our humid climate these notes have deteriorated in time. Start buying now !!! These notes are good investment that I guarantee.  

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