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2 Pesos Silver certificate, With text after 'demand'
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1906 |
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| Value | 2 Pesos |
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| Obverse description | Oval intaglio portrait vignette of Jose Rizal at left, set against a light blue guilloche underprint with radiating sunburst pattern across the centre field. The denomination numeral '2' appears in red at lower left and the red circular treasury seal of the Government of the Philippine Islands is at right, with two manuscript signatures below — those of the Governor-General and the Treasurer — and the 'SERIES OF 1906' notation at lower left. |
|---|---|
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| Reverse lettering | SILVER CERTIFICATE SILVER CERTIFICATE PHILIPPINE ISLANDS TWO PESOS TWO PESOS TWO SILVER PESOS |
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| Comments |
Philippine silver certificates were authorized under the 1903 Currency Act, which established the peso at exactly half a U.S. dollar and backed paper issues with silver pesos held in Manila. The "with text after 'demand'" designation separates this type from the earlier P#31 — the added text clarifies the redemption terms, a revision prompted by public confusion over the original wording during the note's first years of circulation.
The Burton Harrison & Manning variety without blue underprint is the standout collecting target in this series — the missing underprint is a genuine production error, not a fading issue, and it surfaces rarely enough to command significant premium over the standard signed examples.