ARROVO Philippines ERROR P100 bills BRAND NEW BUNDLE (x100) - PRICE?? (ARROVO=ROBBER)

[al3xmac10]

Hi, anyone here familiar with the Philippines error "ARROVO" 100-peso bills?

Anyone here have any idea how much a brand new bundle (100 bills) of ARROVO bills can fetch?

Thank you!

[AndyE89]

Arrovo Error Philippine 100 Peso 2005 Note Arroyo Uncir | eBay (http://www.ebay.com/itm/ARROVO-Error-PHILIPPINE-100-Peso-2005-Note-ARROYO-Uncir-/5845749694)

"The banknotes, of which a small amount are still in circulation and are still legal tender, spelled the President's name as "Gloria Macapagal-Arrovo" versus the correct Gloria Macapagal-Arroyo. The incident was subsequently the subject of public humor as soon as the issue made national headlines. The BSP probed the mistake and corrected the error afterwards.[4]" WIKI

From what I have understood, there are less than 1,000 known to have made it to the public. Most were withdrawn by employees of the Bangko mint in the Philippines. I would think a bundle, ALL at Un-circulated and in MS-65 or higher, would bring a good premium.

I would have them graded, either slabbed and graded as a bundle, or individually for resale.

The market doesnt seem to be moving much on them, I would say get them graded and hold on to them. The more that do not come forward, the more rare they will become over time. The entire stock that was in the Bangko vault was destroyed, so the few specimens left could become scarce.

[al3xmac10]

Thanks for the reply Andy!

I live in the Philippines; may I ask how I can have this bundle graded?

[AndyE89]

This is where it becomes tough.

The USA would be the best option, but getting coins and currency graded by PCGS, who is the absolute best option for paper currency, you would have to be a member.

The memberships are costly in themselves. You will have to find a dealer in the USA that is authorized for submission, and send it to them first. They in turn will submit it to PCGS, then you pay the return shipping and they send it back to you.

It may cost more to get them graded, and it may be a pain, but when it comes to coins and currency, the BEST of the BEST in the marketplace are all graded. (This is also why not many people like to get coins and currency graded)

Below is a GREAT place. They are an Authorized PCGS submissions location Ask for Laura Sperber, she is great, and she will help you out much more than I can.

Legend Numismatics (http://www.legendcoin.com/cgi-bin/inventory/cms.pl?page=Inventory)

[smackvay]

I just sent in a batch to get graded Monday to pcgs
pm if your serious and want it/them graded

[al3xmac10]

Andy, smack, thank you very much for your replies!

@Andy, will contact Laura, thank you very much!
@smack, will be sending you a PM, thank you very much!

[al3xmac10]

@smack, sent a PM, thanks!