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Post by rik on Oct 3, 2017 12:27:17 GMT 8
Wife's brother came across it somewhere (Bataan I think), I don't have much info on it but they are asking me if I know anything about it and I have no idea. As far as I know they can't open it. Has anyone seen anything like this or does anyone know what it might be? The case is a silver case with the Federal Reserve logo on it and on the bottom it says "ONE BILLION DOLLARS SERIES OF 1934".
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Post by rik on Oct 3, 2017 12:59:35 GMT 8
Ok, I'm trying to get more info from my wife but it all sounds confusing and a little sketchy. She says the guy who has it is a guy who her brother knows and the guy claims that Marcos gave it to him years ago and asked him to keep it safe. I guess they opened it and said there's a bunch of bonds or something inside. They say they just want to turn it in but they don't know who to turn it in to.
I'm leaving for work soon and can't open this forum at work so if anyone has info and wants to message me, my email is rikthib@gmail.com. Otherwise I'll check back in here when I get home tonight. Appreciate any help.
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Post by Registrar on Oct 4, 2017 14:47:52 GMT 8
Rik, As for the "value" or worth of whatever its contents might or mightn't be, the procedure generally during the fall of the Philippines was that all serial numbers of valuable paperwork were sent by radio to Washington, where there was an elaborate system which enabled duplicate originals to be duly authorized. The originals could then be destroyed. So, on Corregidor, fires were made of dollar bills. So I would not be inclined to take "bearer bonds" their face value. There have been significant numbers of scams involving fake bonds, so the possession of a box of bonds is simply the opportunity to run a scam. A report of finding by Vaughan Kody Formoso has been doing the rounds of the "buried treasure" sites for at least two years. Honest money could be made mounting the bonds in fancy glass certificate frames for people to hang on the office wall, for purely decorative value. However, something tells me that honest moneymaking isn't what this is all about. The Philippines is so full of scams, particularly Yamashita's gold treasure maps, several years ago I faked up a "shovel sales" sign for prospective treasure hunters. There is a particularly good site called IDDO - INTERNATIONAL DUE DILIGENCE ORGANIZATION which fills in a few stories concerning the legendary treasure boxes. He makes a point that even governments themselves produce counterfeits, and this does remind me that North Korea has been long reputed to be a major producer of fake US banknotes. It's worth a read, particularly the section where he gets to describing the "Fiscal Theatre" designed to make sure that the "mark", "punter", "sucker" doesn't go looking for the seller.
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