The product is a circulated 1944 Philippines 50 Peso Victory Series 66 banknote graded as Very Fine by PMG. This historic piece of paper money was issued by the United States during its occupation of the Philippines in World War II, making it a valuable collectible item for numismatists and history enthusiasts. The certification by PMG adds to its authenticity and quality, making it a sought-after item in the world of paper money collecting.