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10 Pesos Victory, Central Bank
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1949 |
| Type | Standard circulation banknote |
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|---|---|
| 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 | Brown intaglio design composed of dense lathe-work guilloche panels, foliate scrollwork, and arabesque borders, with large numeral 10 counters at each lower corner and Roman numeral X at each upper corner. Superimposed across the centre is a bold red two-line letterpress overprint reading CENTRAL BANK / OF THE PHILIPPINES, together with a large black letterpress overprint of the word VICTORY spanning the full width of the note. |
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| Comments |
The "Victory" series takes its name from the overprint applied to pre-war Commonwealth notes during the liberation period, but by the time the Central Bank of the Philippines was formally established in 1949, these redesigned issues had shed the overprint entirely. P#120 belongs to the transitional moment when the new Republic was asserting independent monetary authority — the Central Bank only opened its doors on 3 January 1949, and early printings of this series were in circulation almost immediately.
BEP-printed Philippine notes from this period are well-made but prone to foxing in tropical storage conditions, a known issue across the entire series that affects survivors disproportionately.