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100 Pesos Victory
| Issuer | Treasury of the Philippines |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
| Currency | Peso (1857-1967) |
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| Obverse description | Intaglio-printed portrait vignette of Ferdinand Magellan in three-quarter facing view at left, wearing a broad-brimmed hat, with his name inscribed below; a large yellow guilloche underprint carries the numeral '100' and the word 'PESOS' at centre. The circular blue seal of the Commonwealth of the Philippines — United States of America appears at right, flanked by ornate sea-serpent side vignettes. The 'VICTORY SERIES NO. 66' overprint is applied in black, with the serial number and two manuscript facsimile signatures of the President and Auditor General printed below. |
|---|---|
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| Reverse description | Uniformly printed in olive-yellow intaglio, the reverse centres on an elaborate scrollwork vignette enclosing the Philippine coat of arms within an oval cartouche, flanked by palm fronds and decorative ribbon banners carrying the denomination '100 PESOS' on each side. A finely engraved guilloche border frames the entire design, with 'PHILIPPINES' arched at the top. The bold black letterpress overprint 'VICTORY' is applied diagonally across the full width of the note. |
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| Comments |
The Victory series was printed in Washington ahead of the planned liberation of the Philippines, held in reserve in the United States until MacArthur's forces returned in late 1944 and early 1945. The overprinted word "VICTORY" was a deliberate political signal — the Commonwealth government in exile needed to establish its currency as distinct from the Japanese Military Administration peso, which had been flooding the islands since 1942 and was widely despised as "Mickey Mouse money."
Two signature combinations exist for this denomination, reflecting the political transition: Osmeña assumed the Commonwealth presidency after Quezon's death in August 1944, while Roxas later became the first president of the independent republic in 1946.