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10 Pesos Bank of the Philippine Islands, Without rays
| Issuer | Bank of the Philippine Islands |
|---|---|
| Year | 1928-1933 |
| Type | Log in to see details |
| Value | 10 Pesos |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Central intaglio vignette of a standing female figure in classical robes holding a bouquet of flowers, set against fine engine-turned guilloche work and an ornate scrollwork border with numeral '10' counters at each corner. The bank title arches across the top in bold serif lettering, with the denomination 'TEN PESOS' in large relief letters to the left. A blue circular bank seal appears at the right, accompanied by two manuscript signatures for the Cashier and President below. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Entirely engraved in orange-brown, the reverse presents a bold central legend of the bank name and denomination set within an elaborate guilloche underprint. Ornate floral and scrollwork corner pieces frame the composition, with numeral '10' panels at each corner and a small denomination cartouche at the lower centre. The overall design relies on fine lathe-work patterns rather than pictorial vignettes, creating a geometric and typographic composition typical of American Bank Note-style engraving of the period. |
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| Comments |
The Bank of the Philippine Islands was a private commercial bank operating under American colonial administration, not a central bank — making this note unusual in the broader context of 1920s–30s Pacific currency. The BEP in Washington printed the series, which accounts for the high engraving quality, but the notes circulated under Philippine Commonwealth-era conditions that were frequently rough on paper currency: tropical humidity, heavy use in rural markets, and wartime disruption after 1941 destroyed much of the surviving stock.
The "without rays" distinction separates this from the earlier P#16 variant and reflects a deliberate design modification to the seal, not a printing error.