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10 Centavos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1951 |
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| Composition | Log in to see details |
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| In circulation to | 5 January 1970 |
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| Obverse description | Purple note framed by an ornate guilloche border, with the Central Bank of the Philippines 1949 seal at left and a large numeral '10' as a central underprint beneath the denomination cartouche reading 'TEN CENTAVOS'. A red serial number is positioned at upper right, with two facsimile signatures below — the President of the Philippines at left and the Governor of the Central Bank at right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Purple note with a dense lathe-work underprint carrying the repeated legend 'CENTRAL BANK OF THE PHILIPPINES' across the entire field. At centre, a large scalloped guilloche medallion encloses the bold numeral '10' above a banner cartouche inscribed 'TEN CENTAVOS', flanked by ornamental floral vignettes. The printer's imprint 'SECURITY BANKNOTE COMPANY' appears in small letters at the lower margin. |
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| Comments |
The Security Banknote Company of Philadelphia printed several of the early Central Bank of the Philippines issues following the bank's establishment in 1949 — itself a requirement under the Bell Trade Act, which made a Philippine central bank a condition of postwar U.S. financial assistance. The 10 Centavos sat at the lowest practical denomination of the series, a level where production costs and actual purchasing utility were already in uncomfortable proximity.
The question mark on the printer's date range in most catalogs reflects genuine uncertainty — SBNC's contract documentation for this period has not been fully reconciled against surviving specimens.