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1 Peso Victory, Central Bank
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1857-1967) |
| Composition | Log in to see details |
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| Obverse description | Intaglio-printed portrait vignette of Apolinario Mabini in three-quarter bust facing right occupies the left field, set within fine guilloche border work; PHILIPPINES arches in bold lettering across the upper centre, with ONE PESO in heavy serif type below against an orange guilloche underprint. A circular blue Treasury seal inscribed COMMONWEALTH OF THE PHILIPPINES / UNITED STATES OF AMERICA with a central star device appears at right, flanked by two manuscript signatures and their respective designations, while VICTORY SERIES NO. 66 is printed in the upper right field and TREASURY CERTIFICATE runs in decorative lettering along the lower border. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is executed on an overall orange guilloche ground with elaborate scrollwork and rococo cartouche framing; the denomination numeral 1 appears in each corner with ONE PESO inscribed along the top and bottom margins. A large black letterpress overprint reading VICTORY dominates the centre field, with CENTRAL BANK in bold red letterpress above and OF THE PHILIPPINES in bold red letterpress below, constituting the Central Bank of the Philippines authority overprint applied to the earlier Commonwealth-era Treasury Certificate design. |
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| Comments |
The Victory series takes its name from the overprint applied to pre-war Philippine Commonwealth notes after liberation — but P#117 is a clean postwar issue, not an overprinted note. It was among the first series produced for the newly independent Republic's central bank, established by Republic Act 265 in June 1948, just months before these notes entered production.
Security Bank Note Company of Philadelphia handled the printing throughout the series. The firm was a mid-tier American security printer that took on significant Philippine contract work during this period, largely because the Bureau of Engraving and Printing in Washington was unavailable for foreign government commissions.