Philippines 1000 Piso polymer banknote

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Este tema se publicó en el foro en inglés.

The new 1000 Piso polymer banknote (issued 2022) has a serial number that consists of two letters (I only know of letter combination AA though) followed by seven digits so far. Now, I have seen a picture of a 1000 Piso polymer note that has a serial number consisting of three letters (BSP -- short for Bangko Sentral Pilipinas perhaps?) and six digits. It's the first time I have seen a serial number of a Philippine banknote in recent years that begins with three letters. Signatures is Duterte/Diokno. Could this be a replacement note? 

Does anyone know more?

I just got a couple polymer 1000 Pesos notes from my niece & they end with AN so I believe there’s more than 7 prefixes out there.  Many Filipinos I have talked to don’t like it b/c a) its new, b) vendors refuse to take it & c) it drops 3 national heroes featured on the older series.   The central bank claim they consist of 30% of the circulating 1000 pesos circulating but I have never encountered one in circulation (just paper).

 

I’ve been in the Philippines for 2 weeks & have seen the 3 letter prefixes on the 2022 (only on the 100 Pesos notes). They seem to be a real mess: no consistency whatsoever, as you’ll find more plain (no horizontal bars for the blind) mixed with horizontal bar notes with the same year/signatures.  Perhaps one printer has refused to produce the accessible notes with the horizontal bars?  

 

Like my visit in 2019, most notes range from Good to Fine in condition (well circulated) especially the 20 pesos. The higher denominations are a little better shape.  Not sure where the 20 pesos coin is.   

https://sites.google.com/view/notaphilycculture/collecting-banknotes

Thanks for the information and the links to the 100 Piso notes.

 

So, it seems that the three letter prefix (followed by six digits) is now nothing unusal for Philippine banknotes. A ''new normal'' perhaps?

 

It does not surprise me that the polymer 1000 Piso banknote has letter prefixes going up to ''AN'' now because two letters and 7 digits means 10 million per set.

10 million was the ''test run'' issued by the central bank last year. Obviously, these were the ''AA'' notes. If more than 10 million are in circulation than other prefixes must exist.

 

So far, the polymer notes have been printed in Australia. Perhaps, the BSP prefix ones are the first polymer notes printed in the Philippines? Okay, I am speculating here. But BSP is a strange prefix at this stage.
 

There are presently two banknote printing facilities in the Philippines. The ''old one'' (scheduled to be closed in the ‘’near'' future) and a ''new one.'' Both run by the central bank. Again, I am speculating. But is it possible that only one of these facilities can print the ''NGC Enhanced notes with the tactile marks'' and the other not? And demand for banknotes is higher than the production capacity at one plant. Thus, both series are being churned out.

 

I have also read that the polymer 1000 Piso banknote is unpopular in the country.


A trading buddy of mine stayed in the Philippines for a couple of months last year. He said the same thing about the quality of the banknotes in circulation as you. 

Likewise, he found fresh NGC notes with and without tactile marks. 


He did find 20 Piso coins. They were not rare. Perhaps, the distribution of the 20 Piso coins is a regional thing. He stayed on an island in the south-west of the country.

 

Finally, if you find or have an extra uncirculated 1000 Piso polymer banknote, feel free to contact me.

Your welcome (my pleasure to share my experience there).  Thanks for your info re: 2 printers (I was speculating myself).  It does make sense that one facility has not produced the enhanced NG 100 & other denominations.  It may also explain why there seems to be so few new new seal notes with the Marcos-Medalla signature combinations.

 

What I replied to was more regarding the 100 Pesos (for 3 letter prefixes) which I saw a few of (not the 1000 as I saw few). I only came across paper 1000 Pesos notes until my niece exchanged 2 polymers for me.  I had the polymer 1000 notes packed when I replied & I am now back.  I just discovered that the other prefix was AT.  

 

Apparently, according to the BSP site, they’re issuing 500,000,000 polymer “Thousand Pisos” notes so there should be many more prefixes to go.  I have not seen the “BSP” prefix until checking out the BNM example & it does seem like a strange prefix to start with.  (Makes one wonder if its a stock photo).

https://sites.google.com/view/notaphilycculture/collecting-banknotes

Redlock, you're way ahead of me! 

Finally found the 1000 BSP prefix with the folder listed on the link provided (& yes 1000 were produced). 

https://sites.google.com/view/notaphilycculture/collecting-banknotes

Serial_Number_8

Redlock, you're way ahead of me! 

Finally found the 1000 BSP prefix with the folder listed on the link provided (& yes 1000 were produced). 

Just wondering why this note has a serial no of 3854 if only 1000 issued.

https://paperbanknotes.blogspot.com - Any offer for exchange is most welcome.
My spares: https://paperbanknotes.blogspot.com/2006/08/all-notes-listed-below-are-all-offered.html

ahkai

Serial_Number_8

Redlock, you're way ahead of me! 

Finally found the 1000 BSP prefix with the folder listed on the link provided (& yes 1000 were produced). 

Just wondering why this note has a serial no of 3854 if only 1000 issued.

Probably just typical skip numbering protocol.

https://sites.google.com/view/notaphilycculture/collecting-banknotes

Serial_Number_8

Redlock, you're way ahead of me! 

Finally found the 1000 BSP prefix with the folder listed on the link provided (& yes 1000 were produced). 

Thanks for the information. Very interesting.

 

(BTW, I hadn't checked the forum for a couple of days. Hence the “late” response).

The  special prefix “BSP” 1000 polymer piso is a limited run . This note is given to selected individuals.

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