World Currency Values
Most old currency from foreign countries is virtually worthless. If any of the following apply, your note likely has no collector value and would be difficult to sell:
The original exchange rate to dollars was miniscule
The note is from a country with an unstable economy
The note has been devalued by the issuing government
The note was brought back by a serviceman after a tour of duty
The note was printed when the issuing government was in a war
The note is left over change from a relative’s vacation many years ago
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Japanese Invasion Money
Japanese Invasion Money, or JIM for short, was the official money that replaced local currencies after they were taken over by Japan during World War II. JIM was issued in Pesos, Rupees, and Guldens. If your note says anything regarding “Japanese Government” it is a JIM, and is worth far less than $1. When the war ended these notes lost what little value they had and were literally thrown in the streets.
Philippines “Victory” Notes
After the Spanish-American War the United States took control of The Phillippines and made them a territory. As such, the Bureau of Engraving and Printing began issuing silver certificates for the islands. They ranged from one dollar to five hundred. These notes can be valuable. However, they have a much more common relative, the victory note. Victory notes were printed after the islands were successfully recovered during World War II from Japan. The notes all look the same, but the more common second issue has the word victory overprinted on the reverse.
We get a lot of questions about Russian Rubles. Over the past one hundred years the Russian economy and government has been one the most hectic and changing in the world. Due to this lack of stability and overnight monetary valuation changes the Russian Ruble will almost never have any kind of significant numismatic value.