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10 Pesos Circulating note, Red seal without Manila

Emittent Philippine National Bank
Jahr 1937
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Nennwert 10 Pesos
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Vorderseitenbeschreibung Central intaglio vignette of George Washington in three-quarter portrait, set within a laurel wreath cartouche, with the legend WASHINGTON beneath. A large red Roman numeral X occupies the left field, with a matching serial number in red below it, while a circular red seal of the Philippine National Bank is positioned at right. Intricate guilloche borders frame all four sides, with numeral 10 corner pieces, and two signature facsimiles appear at lower centre — Cashier at left and Chairman, Board of Directors at right.
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Rückseitenbeschreibung Entirely engraved in brown, the reverse is dominated by the bold central inscription PHILIPPINE NATIONAL BANK CIRCULATING NOTE in large serif lettering against a fine guilloche underprint. Large Roman numeral X vignettes anchor the upper-left and upper-right corners, while oval TEN PESOS cartouches appear at mid-left and mid-right. Denomination numerals 10 are set within ornate foliate frames at lower left and right, and a horizontal panel of fine guilloche work runs across the top margin bearing the inscription TEN PESOS.
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Anmerkungen

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.