50 Dollars Corregidor

Corregidor fell to Japanese forces in May 1942 after a siege lasting nearly five months, marking the largest surrender of American-led troops in U.S. history — roughly 76,000 Filipino and American soldiers taken prisoner. This 1992 issue appeared as part of a broader Marshall Islands commemorative program tied to the fiftieth anniversary of key Pacific Theater engagements.

The Marshall Islands' prolific commemorative output in the early 1990s drew criticism from collectors for flooding the market, and many issues from this run traded at or below melt within a decade of release.