Catalog
2 Pesos Treasury certificate, Without pesos over 2, Red 2
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1924 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | TREASURY CERTIFICATE BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAS 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 TWO PESOS TWO PESOS SERIES OF 1924 |
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| Variants | P#69a - signatures: L. Wood & S. Lagdameo ("Acting Treasurer") P#69b - signatures: L. Wood & S. Lagdameo ("Treasurer") P#69c - signatures: H. L. Stimson & S. Lagdameo |
| Comments |
The "Without pesos over 2" designation is the key distinguishing feature of this variety — earlier printings of the 2 Peso treasury certificate included the word "PESOS" above the numeral on the face, and its omission here is a plate alteration, not an error. The three signature combinations reflect the consecutive tenures of two American Governors-General, Leonard Wood and Henry L. Stimson, paired with Simeon Lagdameo as Treasurer, capturing a stretch of colonial fiscal administration through the mid-to-late 1920s.
Philippine treasury certificates of this period were denominated in pesos but backed by U.S. dollar reserves held in Washington — a currency regime established under the 1903 Coinage Act that kept the Philippine peso locked at two to the dollar.