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100 Pesos With overprint

Issuer Bureau of the Treasury, Philippine Islands
Year 1905
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Printer Bureau of Engraving and Printing, United States (1862-date)
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Obverse description Central vignette consists of a front-facing portrait bust of Ferdinand Magellan at centre, framed by allegorical fish vignettes at left and right margins. A black vertical overprint appears at left centre, with a red treasury seal at lower right.
Obverse lettering SILVER CERTIFICATE BY AUTHORITY OF AN ACT OF THE CONGRESS OF THE UNITED STATES OF AMERICA APPROVED FEB. 6, 1905 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS MAGELLAN ONE HUNDRED SILVER PESOS PAYABLE TO THE BEARER IN DEMAND SILVER CERTIFICATE SUBJECT TO THE PROVISIONS OF THE ACT OF CONGRESS APPROVED JUNE 23, 1906
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The "With overprint" designation refers to the addition of "SERIES OF 1905" text applied to notes sharing a base design with the earlier 1903 issue — a bureaucratic distinction that matters considerably to attribution. The Philippines at this point operated under U.S. civil administration following the 1902 Philippine Organic Act, and the Bureau of the Treasury was a direct American colonial instrument, not a local institution.

Pick 30 is genuinely scarce. High-denomination Philippine Treasury certificates from this period suffered heavy attrition — few circulated gently, and postwar destruction of colonial-era financial records and currency stocks was thorough.