Stamp Community Family of Web Sites
Thousands of stamps, consistently graded, competitively priced and hundreds of in-depth blog posts to read
Stamp Community Forum
 
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

Help With Face Value: Philippines, 1868, SC 38, MI 35

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 3 / Views: 182Next Topic  
Pillar Of The Community
Learn More...
United States
700 Posts
Posted 05/28/2021   7:12 pm  Show Profile Bookmark this topic Add EMaxim to your friends list Get a Link to this Message
I read "25 CENT. Po. Fe." If "Po." = "Peso." What does "Fe." stand for?
Send note to Staff

Bedrock Of The Community
Learn More...
Australia
33071 Posts
Posted 05/28/2021   8:47 pm  Show Profile Bookmark this reply Add rod222 to your friends list  Get a Link to this Reply
From 1854 to 1864 the unit was the peso duro or peso plata fuerte = $1.04
(20 cuartos= 1 real, 8 reales 1 peso). On this basis 5 cuartos = 3l cents; 10 cuartos=61 cents ; 1 real = 13 cents ; 2 reales = 26 cents.

From 1864 to 1871 the same unit was employed, but the values were
expressed in centimos. Thus 3½, 6.2/8, 12.4/8, and 25 centimos de peso fuerte are equivalent respectively to 3¼, 6½, 13c, and 26cents as before.
Send note to Staff  Go to Top of Page
Edited by rod222 - 05/28/2021 8:59 pm
Pillar Of The Community
Learn More...
United States
700 Posts
Posted 05/28/2021   9:29 pm  Show Profile Bookmark this reply Add EMaxim to your friends list  Get a Link to this Reply
Thank you, Rod. I knew that I could count on you. Oddly, the abbreviation "Po. Fe." seems to have been used only for this brief period and only in the Philippines: not in Spain, or Cuba, or Puerto Rico. So far at least I haven't come across it elsewhere.
Eric
Send note to Staff  Go to Top of Page
Bedrock Of The Community
Learn More...
Australia
33071 Posts
Posted 05/29/2021   12:05 am  Show Profile Bookmark this reply Add rod222 to your friends list  Get a Link to this Reply
We have no information as to why the postal values
were issued as above ; neither is it known why the rates of postage were changed as indicated.

In 1871 Spain adopted the French monetary system, taking the peseta as the base instead of the franc. This system still obtains there. While the peso has for many years been the unit in the Philippines (as quoted on the stamps), the fines in the Spanish laws are given in pesetas, and the peseta has been the common commercial unit of currency.

From 1872 to 1876 the peseta (equivalent to 20 cents) was the unit of value (100 centimos=i peseta; 5 pesetas=i peso). Thus 12, 16, 25, and 62 centimos de peseta are equivalent to 2.4, 3.5, and 12.4 cents, and 1 peseta 62 centimos equivalent to 25 cents.

From 1876 to 1899 the peso again figures as the unit of value equivalent to I dollar silver. The values are stated in centimos, centavos and milésimas of a peso, though the word peso is not necessarily expressed. The 1 real used in the surcharges is still 1/8th of the peso, and is accordingly equivalent to 12.5 centimos de
peso. W hy the more recent surcharges should have been expressed in reales when the i2.5 and the 25 centimos de peso stamps both preceded and followed them is not known. It is however the fact

Bib:
J. MURRAY BARTELS, F. APTHORP FOSTER
a n d CAPTAIN F. L. PALMER, U. S. A.
MEMBERS OF TH E BOSTON PHILATELIC SOCIETY
1904

Send note to Staff  Go to Top of Page
  Previous TopicReplies: 3 / Views: 182Next Topic  
 
To participate in the forum you must log in or register.


Go to Top of Page
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2021 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2021 Stamp Community Forums
It took 0.11 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05