| Opis awersu |
Black intaglio print over an orange-peach guilloche underprint, with the bank title 'THE BANK OF THE PHILIPPINE ISLANDS' arching across the top in bold letterpress. The central vignette presents a standing female allegorical figure rendered in fine line engraving, holding a basket of flowers and produce, flanked by the numeral '10' repeated in the upper corners and at either side. To the right, a circular bank seal with an overprinted place and date of issue is accompanied by two manuscript signature lines for the Cashier and President. |
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Printed entirely in dark brown ink, the reverse is structured around an elaborate guilloche framework of interlocking scrollwork and floral ornaments filling the borders. The inscription 'THE BANK OF THE PHILIPPINE ISLANDS' is set in two arching lines at centre, with 'TEN PESOS' below in large bold letters and a secondary 'TEN PESOS' within an ornamental panel at the lower centre. The numeral '10' is repeated in each corner within the decorative border arrangement. |
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The Bank of the Philippine Islands was a private commercial institution — not a central bank — yet it held the government concession to issue circulating currency during the American colonial period. This 1920 note predates the commonwealth-era restructuring that eventually transferred note-issuing authority to the Philippine National Bank and, later, to the central bank established in 1949.
The American Bank Note Company had been engraving and printing Philippine currency since the Spanish colonial transition, giving the BPI series a visual continuity that outlasted several political reorganizations. P#14 is one of the later issues in this private-bank series before circulation privileges were progressively curtailed.