Catalog
10 Pesos Silver Certificate Issue
| Issuer | General Treasury of the Republic |
|---|---|
| Year | 1934-1948 |
| Type | Standard circulation banknote |
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| Obverse description | Central intaglio vignette of Carlos Manuel de Céspedes, printed in black and brown on a guilloche underprint. The red seal of the General Treasury appears to the left, with red serial numbers completing the face. The overall layout follows the large-format certificate style typical of BEP-produced Latin American issues of the period. |
|---|---|
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| Variants | P#71a - 1934 P#71b - 1936 P#71c - 1936A P#71d - 1938 P#71e - 1943 P#71f - 1945 P#71g - 1948 |
| Comments |
The Philippine Silver Certificate series was authorized under the Commonwealth government and backed by silver peso coins held in deposit — a colonial monetary mechanism designed to maintain dollar parity while giving the islands a nominally distinct currency. The Bureau of Engraving and Printing in Washington produced the plates, and the notes were shipped to Manila for issue, a arrangement that created real logistical problems when war came.
When Japanese forces invaded in late 1941, large quantities of Commonwealth currency were destroyed to prevent capture. Surviving pre-war stock became scarce almost immediately, and the long date range on this series reflects post-liberation reissue rather than continuous wartime production.