Catalog
1 Peso Silver Certificate Issue
| Issuer | General Treasury of the Republic |
|---|---|
| Year | 1934-1949 |
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| Value | 1 Peso (1 CUP) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLICA DE CUBA UN PESO 1 PESO JOSÉ MARTÍ ESTE CERTIFICADO, CUYO VALOR EN PLATA ACUÑADA ESTÁ DEPOSITADO EN LA TESORERÍA GENERAL DE LA REPÚBLICA, SERÁ ACEPTADO SIN LIMITACIÓN DE PAGO DE LOS IMPUESTOS DEL ESTADO LA PROVINCIA Y EL MUNICIPIO CERTIFICADO DE PLATA (Translation: Republic of Cuba One Peso 1 Peso José Martí This certificate, whose value in minted silver is deposited in the General Treasury of the Republic, will be accepted without limitation in payment of taxes of the State, the Province and the Municipality. Silver Certificate) |
| Reverse description | The Cuban coat of arms is centrally placed within an elaborate guilloche surround, flanked by the denomination numeral "1" in large intaglio figures at left and right, with "UN PESO" printed vertically on each side. The entire design is rendered in a single blue ink, with the full silver certificate redemption clause inscribed in a text panel below the arms. The imprint of the Bureau of Engraving and Printing appears at the bottom margin. |
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| Comments |
The Philippine 1 Peso silver certificate series was authorized under the Commonwealth government and tied directly to the Manila-held silver reserves backing the peso at a fixed 2:1 rate against the U.S. dollar. When the Japanese occupation began in 1942, the existing stock of genuine notes was partially withdrawn, though significant quantities remained in circulation alongside the forced-currency "Mickey Mouse" pesos issued by the Japanese Military Administration.
Notes from this series printed before the war are distinguishable from postwar reissues by subtle plate differences. The BEP produced replacement stock after liberation to address the currency vacuum left by the occupation, and both printings share the same Pick number despite the gap in issuance.