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1 Peso Mabini, Red seal, No underprint

Issuer Treasury of the Philippine Islands
Year 1924
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Value 1 Peso
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Obverse lettering BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS ONE PESO PAYABLE TO THE BEARER ON DEMAND IN SILVER OR IN GOLD COIN OF THE UNITED STATES OR EQUIVALENT VALUE TREASURY CERTIFICATE
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Reverse lettering TREASURY CERTIFICATE PHILIPPINE ISLANDS ONE PESO TREASURY CERTIFICATE
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Comments

The "Acting Treasurer" and "Treasurer" signature variants for Lagdameo on a single Pick number reflect a transitional period in the Philippine colonial treasury apparatus — Lagdameo held both capacities at different points, and the BEP simply printed signature titles as supplied by Manila without issuing a new series. Stimson's appearance on later printings corresponds to his 1927–1929 tenure as Governor-General, making that pairing the easiest to date of the three.

The red seal distinguishes this from the blue-seal issues of the same denomination. No security underprint was used, which was already becoming an outlier practice among BEP-produced colonial currency by the mid-1920s.

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