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| 正面铭文 | 5 CENTAVOS V TUBIGON CHANGE BOARD WILL PAY THE BEARER ON DEMAND FIVE CENTAVOS 5 SERIES OF 1943 CIRCULATION AND REDEMPTION CALAPE - TUBIGON - CLARIN MUNICIPAL TREASURY V CENTAVOS 5 |
| 背面描述 | Plain paper reverse bearing a large oval official handstamp at left centre, applied in black ink, with manuscript signatures overlapping the stamp and extending across the field. A second partial handstamp impression is visible to the lower left, and additional faint ink notations appear at upper right. |
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Tubigon is a coastal municipality on the island of Bohol in the central Philippines. During the Japanese occupation, the Philippine Commonwealth government-in-exile and hundreds of local municipalities issued their own emergency currency, known collectively as guerrilla or emergency notes. The Tubigon Change Board operated under this framework — local authorities printing fractional denominations to keep small commerce moving when official coinage had vanished from circulation.
5-centavo fractional notes from small municipal issuers like Tubigon are among the more perishable survivors of this period. The paper was typically poor, the print runs small, and survival rates low.