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a 500 pesos issued note is a 'holy grail' item - anybody have one?

That's a big negative!  The 500 pesos is a real looker but with such a low printing (I read 200?), it would probably be out of my budget. 

It's always interesting to me that a great looking specimen, remainder, etc. can often be many multiples less than a really ratty note that was issued/circulated. I understand the attraction and the premium attached with a circulated note of this type and similar notes, but am more often than not pretty content with my specimen, remainder, etc. It's all about the looks with some people. 

On 6/29/2022 at 9:04 PM, Fenntucky Mike said:

That's a big negative!  The 500 pesos is a real looker but with such a low printing (I read 200?), it would probably be out of my budget. 

It's always interesting to me that a great looking specimen, remainder, etc. can often be many multiples less than a really ratty note that was issued/circulated. I understand the attraction and the premium attached with a circulated note of this type and similar notes, but am more often than not pretty content with my specimen, remainder, etc. It's all about the looks with some people. 

I agree as I find the design interesting and this is often best seen on Specimens - they do tend to put holes in them and SPECIMEN (or the equivalent) in big red letters on top which often distracts Remainders are a great compromise.

Apparently the records for the 500 pesos note have 200 printed but 197 incinerated so maybe just 3 issued notes escaped Hoping one turns up at a local UK auction

On 6/29/2022 at 4:53 PM, ColonialCoinsUK said:

Apparently the records for the 500 pesos note have 200 printed but 197 incinerated so maybe just 3 issued notes escaped Hoping one turns up at a local UK auction

Wow! Only three left, maybe. Are there any known? If so are they in private hands or museum displays? 

On 6/29/2022 at 10:08 PM, Fenntucky Mike said:

Wow! Only three left, maybe. Are there any known? If so are they in private hands or museum displays? 

No idea - I hope they still exist and are in an old collection somewhere. It is on the 'to-find-out' list

On 6/29/2022 at 6:05 PM, ColonialCoinsUK said:

No idea - I hope they still exist and are in an old collection somewhere. It is on the 'to-find-out' list

 Well good luck my friend, I'll keep my eyes peeled for one of these notes. My finders fee is 1% FMV, but I'll take being able to be in the presence of the note in lieu of payment. BYOB of course and you might want to protect/guard the note in some fashion. 

On 6/29/2022 at 4:53 PM, ColonialCoinsUK said:

Remainders are a great compromise.

Agreed, but those are a deal breaker for some signature fanatics . Not me, I like a big bold signature as much as the next guy but not that much.  At least not enough to pay a large premium for it when there is perfectly good remainder just waiting for me, but I don't run into that problem/choice very often, or at all, with my current interests. That's an awesome 5 pesos note BTW.