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10 Pesos Circulating note, Red seal without Manila
| Issuer | Philippine National Bank |
|---|---|
| Year | 1937 |
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| In circulation to | Log in to see details |
| Reference(s) | P#58 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK CIRCULATING NOTE ISSUE AUTHORIZED MARCH 24, 1937 UNDER THE PROVISIONS OF ACT NUMBER 2612 OF THE PHILIPPINE LEGISLATURE AS AMENDED THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS IN LAWFUL MONEY OF THE PHILIPPINES WASHINGTON TEN PESOS TEN PESOS SERIES OF 1937 |
| Reverse description | Log in to see details |
| Reverse lettering | TEN PESOS PHILIPPINE NATIONAL BANK CIRCULATING NOTE THIS NOTE IS RECEIVABLE BY THE COMMONWEALTH OF THE PHILIPPINES IN PAYMENT OF ALL TAXES, DUES OR OTHER CLAIMS DUE OR OWING TO SAID GOVERNMENT AND IS EXEMPT FROM ALL TAXES UNITED STATES BUREAU OF ENGRAVING AND PRINTING |
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| Comments |
The Philippine National Bank began issuing circulating notes through the Bureau of Engraving and Printing in Washington well before Commonwealth status reshaped the islands' financial institutions. This particular series distinction — red seal, without the Manila overprint — places the note in a transitional moment for PNB paper, when branch designations were still being inconsistently applied across the circulation series. Notes without the Manila designation were intended for general island-wide use rather than tied to a specific branch redemption point.
The series was largely swept from circulation by the Japanese military administration's currency replacement program beginning in late 1941, making pre-war PNB survivors disproportionately scarce relative to their original print runs.