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Longstrider's Blog

27 May 2020

COUNTERFEIT MONEY NOT ALWAYS A BAD THING!

Paper Money-World | Longstrider

Today I have something a little different to share. I've been saving this one and I feel it will tie in nicely with the blog on the US Mint in Manila. As we all should know, the Philippines was overrun by Imperial Japanese Forces during WWll. When this occurred, in 1942, the Japanese issued their own currency there called Japanese Occupation Currency. This was to replace the older pre-occupation money.

The currency was stamped Japanese Government. They were issued in 1 centavos and higher up to and including 1,000 pesos, as inflation took hold. There are many stories to be told about this currency. One is that as inflation appeared the money was so worthless the people called it "Mickey Mouse" money.

What I want to show here is the Counterfeit notes. We all think of counterfeit money as being bad. However, during war time, "fake" currency is a tried and true form of warfare. It seeks to undermine the enemies, in this case Japan, economy. The Allied nations, the USA, Australia as well as Canada, took up the challenge to destroy the faith of the Philippians people in the Japanese Occupation Money, "JOM" or Japanese Invasion Money "JIM", as it also is called.

First it was discovered that the paper used to create the "real" money is made from a plant that also grows in America. This was a nice break as long as it lasted. Later in the war the paper was also produced in Australia. The 50 centavos I show below was very well done. It does have one major "tell". In the real currency there is a continuous line below the digit "5" of the 50 at the upper right front. This line is broken in counterfeit issues. This may sound like a giant problem but in real life it was difficult to see assuming one even was aware of this. The bills dimensions are as follows: 5" X 2.5".

That is really all I wanted to say on this subject. It is very interesting and more can be found by the reader on their own. I personally was unaware of these bills until recently. I was very lucky to get the one I have. I hope you enjoy this blog. Please look at the photos and feel free to comment. Thank you!

PI= Real

PA= Counterfeit


SOURCES:

RobertsWorldOfMoney.com

Papercoinage.com

Patriotnumismatics.com


Comments

I. R. Bama

Level 5

That's interesting, I think there was also a concerted effort to counterfeit during the War of Southern Secession. Why do they call that avenue of warfare? Does it fall under the category of psyops?

"SUN"

Level 5

Interesting information. thanks

Golfer

Level 5

Very interesting. Wouldn't mind having one myself. Of course I get curious it seems about everything lately I see posted. Was an neat story. I have heard about undermining a country's currency, by printing more of it.

Mokie

Level 6

Longstrider, you might like this book on Japanese Invasion Money. https://www.japaneseinvasionmoney.com.au/main/index.php/store/burma-jim-12/The-Collector%E2%80%99s-Guide-to-Japanese-Invasion-Money-2nd-Edition-2019-p131176819 PS-Australian Dollar is about 30% less than U.S. Dollar

Mokie

Level 6

I'll gift you my copy when we meet someday.

Longstrider

Level 6

Thanks, it looks great. That is dedicated copying of a web address!

Koinkid

Level 3

This is a real nice note.

Mike

Level 7

Nice note. When the Japanese got there there was no money. General Macuther dumped it into the bay so they could not buy ammunition against the Americans. They dove for it years later. When he came baxk he bought centavos made at San Francisco and Denverj. Thas a nice note i think the simplicity of it makes it interesting. Never seen one. Thanks for sharing it. Good history. Good blog

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