There was a lot of media buzz and the hype about faceless Philippine peso bills in circulation that were posted by netizens in social media sites like Facebook, twitter. The story gradually caught some attention by local media like ABS-CBN channel 2 and GMA channel 7.
Php 50 pesos bill without face ( photo from the author- owner Mr. Dojie Lutera)
Mr. Dojie Lutera (a philatelist and numismatic collector) had shown us some crispy Php 50.00 peso bill he withdrawn from automated teller machine ( atm). There is no President Sergio Osmena face in the bill.
Some people thinks that his paper bill looks counterfeit, since there was a missing feature in the paper bill. BUT for long time collectors, This is a highly collectible item. During the printing, manufacturing and production process, there are cases where machine errors caused rare misprints. ( during the sorting process, the sorter might have overlooked on the paper bills)
Bangko Sentral ng Pilipinas printed millions of banknotes every day. Since this is highly collectible, the owner of this Php 50 peso bill will just keep this one for himself.
For those who might encounter faceless paper bills in the future, Do not attempt to fold the paper bill, Just keep it in a flat area and avoid holding them with bare hands.
Bangko Sentral ng Pilipinas advises the general public to surrender these banknotes if they have encountered one. BUT for collectors, They will keep this since it is rare and a collectible item.