Catalog
2 Pesos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1951-1965 |
| Type | Standard circulation banknote |
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| Reverse description | The central vignette, executed in fine intaglio engraving in blue, presents the historical scene of the Landing of Magellan in the Philippines, with the explorer and his armoured retinue gathered around a large cross planted on shore, ships visible in the distant background. The denomination "TWO PESOS" appears in bold letterpress on both the left and right sides of the central vignette, flanked by intricate guilloche border panels at each corner. The caption "LANDING OF MAGELLAN IN THE PHILIPPINES" is inscribed at the base of the central scene. |
| Reverse lettering | TWO PESOS 2 PESOS LANDING OF MAGELLAN IN THE PHILIPPINES |
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| Comments |
The P#134 series spans a notably long print run — fourteen years across what were some of the most economically turbulent decades in postwar Philippine history. Thomas De La Rue produced the plates in London, a holdover arrangement from the Commonwealth period when Philippine currency security printing was contracted abroad rather than handled domestically. The Bangko Sentral ng Pilipinas would not develop meaningful in-house printing capacity until considerably later.
Long-running series like this one tend to accumulate signature varieties, and P#134 is no exception — collector value shifts considerably depending on which treasurer-governor pairing appears on a given example.