Home Banknotes Asia Philippines Philippines 2 Pesos Philippine Islands, Treasury certificate, Without pesos over 2

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2 Pesos Philippine Islands, Treasury certificate, Without pesos over 2

发行方	Treasury of the Philippine Islands
年份	1918
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印刷机构	Bureau of Engraving and Printing, United States (1862-date)
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正面铭文	TREASURY CERTIFICATE BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE, APPROVED BY THE PRESIDENT OF THE UNITED STATES MAY 6, 1918 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS TWO PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE PHILIPPINE ISLANDS TWO PESOS TWO PESOS TWO PESOS SERIES OF 1918 Manila, Philippine Islands
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背面铭文	TREASURY CERTIFICATE TREASURY CERTIFICATE PHILIPPINE ISLANDS TWO PESOS TWO PESOS TWO PESOS 2 2 2 2
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备注	The Treasury certificates of the Philippine Islands were issued under American colonial administration, with the series functioning as the primary circulating currency of the islands well before the establishment of a central bank. This 1918 note belongs to a transitional period in the series — the "Without pesos over 2" variety is a printing distinction that reflects an intermediate die state, distinguishing it from issues where the word "pesos" appears redundantly above the numeral. It is the kind of detail easy to overlook but meaningful to specialists working through the Pick 61 variants. BEP production quality on these issues was high, but tropical circulation was brutal on the paper stock.

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