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100 Piso Seal type 5, Without security thread

Issuer Bangko Sentral ng Pilipinas
Year 1998-2001
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Reference(s) P#184
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Reverse description Upper-left vignette of the old Central Bank of the Philippines building, with the new Bangko Sentral ng Pilipinas headquarters complex rendered below. The composition is set against a multicoloured guilloche underprint, with denomination numerals and authority lettering in intaglio.
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Protection description Portrait watermark of Manuel A. Roxas
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Comments

The absence of a security thread on these notes reflects a transitional gap in the BSP's production capability during the late 1990s — the Security Plant Complex in Quezon City had not yet fully standardized thread insertion across all denominations before the series was phased out. The overlapping signature combinations across 1998 alone, spanning the end of Ramos's presidency and the opening months of Estrada's, compressed into a single print year, is unusual even by Philippine standards of frequent signature turnover.

The shift from red to black serial numbers within the Estrada-Singson pairing is a minor but real production distinction that affects collector sorting more than value.