Catalog
100 Pesos Victory, Central Bank
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 100 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Front-facing bust of Ferdinand Magellan as central vignette at left, flanked by stylised fish ornaments at either side, with a blue issuing authority seal at right. The note bears extensive letterpress text across the face within an engraved guilloche border. Denomination numerals appear at the corners. |
|---|---|
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| Variants | P#123a - signatures: Sergio Osmeña & J. Hernandez P#123b - signatures: Sergio Osmeña & M. Guevara P#123c - signatures: Manuel Roxas & M. Guevara |
| Comments |
The "Victory" overprint series bridges an awkward moment in Philippine monetary history — the Japanese occupation had flooded the islands with military pesos of no postwar value, and the Commonwealth government needed a way to re-establish legitimate currency quickly before a proper central bank apparatus was fully operational. Notes in this series were printed by the BEP in Washington and carried the overprint as an explicit repudiation of the occupation issues.
Three signature combinations exist for P#123, spanning the Osmeña and Roxas administrations. The Roxas pairing is the most historically compressed — Roxas died in office in April 1948, making his signed notes products of a very short window.