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20 Pesos Mountain, Treasury certificate, Blue XX

Uitgever Government of the Philippine Islands
Jaar 1918
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Drukker Bureau of Engraving and Printing, United States (1862-date)
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Opschrift voorzijde 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 TWENTY PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE PHILIPPINE ISLANDS SERIES OF 1918
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Opschrift keerzijde TREASURY CERTIFICATE TREASURY CERTIFICATE PHILIPPINE ISLANDS TWENTY PESOS 20
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Opmerkingen

The Philippine Islands Treasury Certificates of 1918 replaced the earlier Silver Certificates series as part of a deliberate American colonial policy to move away from a currency redeemable in specific coin. The new certificates were backed by a general treasury reserve rather than silver pesos held on deposit — a meaningful shift in how Manila managed its monetary obligations to an island economy still running largely on Spanish-era commercial habits.

The "Blue XX" designation distinguishes this from the red-seal variant of the same denomination, P#63b, issued concurrently. BEP production records from this period show both color variants were printed in the same Washington runs, the seal color being the primary security differential rather than any change in plate or paper stock.

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