In Puerto Rico, the "Sociedad Numismática de Puerto Rico" (lit. "Numismatic Society of Puerto Rico") was founded in 1949. The society is usually composed of 25 to 50 members and it focuses in collecting and distributing both coins and banknotes from Puerto Rico to interested collectors. An annual exhibition along the "Sociedad Filatelica de Puerto Rico" (lit. "Philatelic Society of Puerto Rico") has been held in Plaza Las Américas since the commercial center's inauguration. Outside of this activity, Puerto Rican currency can be found locally in philatelic and numismatic as well as flea markets. At auctions, banknotes have been known to surpass bid that are up to 70,000 dollars. The collection of cardboard samples given by banks to numismatic merchants, has also been noted among enthusiasts.