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10 Pesos Victory
| Issuer | Treasury of the Philippines |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Printer | Bureau of Engraving and Printing, United States (1862-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TEN PESOS TREASURY CERTIFICATE TEN PESOS VICTORY SERIES NO.66 BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINES TEN PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE TEN PESOS |
| Reverse description | Uniformly printed in brown, the reverse is dominated by an intricate guilloche framework with large Roman numeral X vignettes in the upper corners and arabesque cornerpiece ornaments below. A central circular medallion carries the inscription TEN PESOS in a curved banner, over which a bold black letterpress overprint reads VICTORY spanning the full width of the note. |
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| Comments |
The Victory series was prepared in Washington before the liberation of the Philippines and rushed into use as Allied forces retook the islands from late 1944 onward. The overprint "VICTORY" was added specifically to distinguish these notes from the Japanese Military Administration issues that had flooded the economy during the occupation — a psychological as much as a monetary measure, since public confidence in paper currency had been badly damaged by wartime inflation and forced acceptance of occupation scrip.
Counterfeiting of occupation currency by both Filipino guerrillas and U.S. intelligence had been systematic enough that distinguishing legitimate postwar tender required something unambiguous. The single word did that work efficiently.