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| 裏面の説明 | Entirely engraved in dark blue ink, the reverse centres on a large lathe-work guilloche medallion enclosing the numeral '2', flanked symmetrically by crossed scrolls and laurel branch vignettes. The upper portion carries 'PHILIPPINE ISLANDS' in bold lettering between the legends 'SILVER CERTIFICATE' repeated at left and right within octagonal guilloche panels, while 'TWO SILVER PESOS' appears in a solid panel at the base. Solid numeral '2' corner pieces in dark blue complete the design at all four corners. |
| 裏面の銘文 | SILVER CERTIFICATE SILVER CERTIFICATE PHILIPPINE ISLANDS TWO PESOS TWO PESOS TWO SILVER PESOS |
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| 偽造防止技術 | ログイン して詳細を見る |
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The Philippine Islands silver certificates of 1903 were authorized under the Philippine Commission's currency act of 1903, which established a new peso pegged to gold at fifty cents U.S. — an arrangement that made these notes redeemable in silver pesos but effectively tied to American monetary policy from the outset. The Bureau of Engraving and Printing produced the series, as it did for most early American colonial currency in the Philippines.
The "without text after 'demand'" designation distinguishes this pick from a variant that carries additional redemption language in that clause — a quiet but catalogically significant difference that affects attribution. The dual signature combinations reflect the transition between two Governor-General appointments: William Howard Taft left the Philippines in 1904, with Luke Wright succeeding him, while Branagan remained as Treasurer across both administrations.