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10 Pesos Treasury certificate, Blue seal
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1924 |
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| Value | Log in to see details |
| Currency | Peso (1857-1967) |
| Composition | Log in to see details |
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| Obverse description | Central vignette of a front-facing bust portrait of George Washington within an ornate engraved frame, with a blue treasury seal at right and a large blue Roman numeral X at left serving as a denominational underprint element. The note is executed in intaglio with fine guilloche work bordering the composition. All principal inscriptions appear in blue letterpress. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | TREASURY CERTIFICATE TEN PESOS TEN PESOS PHILIPPINE ISLANDS TEN PESOS 10 X |
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| Comments |
Treasury certificates were the backbone of Philippine day-to-day commerce under American administration, replacing the earlier Silver Certificate series and backed by a peso-for-peso reserve held in Manila. The 1924 date places this note squarely in the relative monetary stability of the Leonard Wood governorship, before the Depression-era pressures forced significant policy changes in the early 1930s.
The blue seal distinguishes this from the red-seal issues of the same series. Bureau of Engraving and Printing production meant consistent intaglio quality, and notes from this series are frequently found with faded or toned paper — the Philippine climate was unforgiving to paper currency in active circulation.