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2 Pesos

Issuer Municipality of Coron
Year 1943
Type Local banknote
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Obverse description Plain buff paper note produced by typewriter-style letterpress, with the denomination '2 PESOS' repeated at left and right margins and a border of repeated numeral '2' running along all four edges. The central text block states the issuing authority and promise to pay the bearer on demand in lawful currency of the Philippines, authorized by Resolution No. 3, series of 1943 of the Municipal Council. Three manuscript signatures appear at the foot, attributed to the Municipal Mayor, Municipal Treasurer, and Councillor respectively.
Obverse lettering EMERGENCY CIRCULATING NOTE Authorized by Res. No. 3, s. 1943 of the Municipal Council THE MUNICIPALITY OF CORON WILL PAY THE BEARER ON DEMAND TWO PESOS In Lawful Currency of the Philippines Mun. Mayor Mun. Treasurer Councilor
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Comments

Coron is a municipality on Busuanga Island in Palawan province — about as far from Manila as you can get while still being in the Philippines. During the Japanese occupation, the Manila-based national government was supplanted, and local authorities throughout the archipelago were left to improvise their own emergency currency. Coron's 1943 issues are among the more obscure of these municipal guerrilla-era notes, produced under conditions where printing materials and oversight were both in extremely short supply.

No Pick number has been firmly assigned, which tells you something about how rarely these surface.

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