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20 Pesos William Jones, Blue seal, Without rays
| Issuer | Philippine National Bank |
|---|---|
| Year | 1921 |
| Type | Log in to see details |
| Value | 20 Pesos |
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| Obverse description | Central intaglio vignette of Congressman William A. Jones in an oval frame surmounted by laurel branches, with a large blue circular bank seal at right bearing the Philippine National Bank legend. Denomination numeral "20" appears in guilloche panels at each corner, with a large blue "XX" monogram at left and serial number in blue ink above the signatures of the Cashier and President. The bank title and statutory authority text are letterpress-printed across the upper portion of the note. |
|---|---|
| Obverse lettering | PHILIPPINE NATIONAL BANK CIRCULATING NOTE ISSUED UNDER THE PROVISIONS OF ACT NUMBERED 2612 AS AMENDED BY ACTS 2747 AND 2938 OF THE PHILIPPINE LEGISLATURE THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TWENTY PESOS IN LAWFUL CURRENCY OF THE PHILIPPINE ISLANDS SERIES OF 1921 WILLIAM A. JONES |
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| Comments |
The Philippine National Bank was established in 1916 partly to break Filipino agriculture's dependence on foreign credit houses, and these early peso notes were a direct instrument of that policy — the PNB financed sugar and hemp crops in volumes no private bank had previously attempted. The blue seal variant without rays distinguishes it from earlier printings in the series; the ray and no-ray distinction within Pick 55 reflects successive design modifications at the BEP rather than any change in issuing authority or monetary function.
Nillson's signature as Treasurer is relatively short-lived in the series, making this signature combination one of the less common pairings.