PHILIPPINES. Bank of The Philippine Islands. 50 Pesos, 1912. P-10b. PMG Very Fine 20 Net. Rust, Annotations. A scarce 50 Pesos banknote from the first series issued by the Bank of the Philippines Islands. Seen circulated, but still retains enough detail for it to be a desirable example for someone looking to collect for the type. PMG comments "Rust, Annotations." Ray Czahor Collection