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10 Pesos Treasury Certificate, Red seal
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TEN PESOS TEN PESOS BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE, APPROVED BY THE PRESIDENT OF THE UNITED STATES MAY 6, 1918 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS TEN PESOS PAYABLE TO THE BEARER IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE TREASURY CERTIFICATE TREASURY CERTIFICATE |
| Reverse description | Log in to see details |
| Reverse lettering | TREASURY CERTIFICATE PHILIPPINE ISLANDS TEN PESOS TEN PESOS TEN PESOS X 10 |
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| Comments |
The 1918 Treasury Certificate series was the first paper currency issued by the American colonial administration under its own Philippine treasury apparatus, distinct from earlier Silver Certificate and Bank Note issues that had circulated since 1903. The red seal designates Treasury Certificate status — a deliberate differentiation from the contemporaneous blue-seal issues that were backed by specific silver deposits held in Washington.
The Bureau of Engraving and Printing produced these in Washington, then shipped them across the Pacific for release through Manila. Attrition in the tropical Philippine climate was severe — humidity, insects, and wartime conditions all took their toll — which accounts for the relative scarcity of high-grade survivors from this series.