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5 Centavos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | 5 Centavos (0.05) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is centred on a large numeral "5" set within an elaborate rosette of fine-line guilloche engraving, flanked by symmetrical ornamental scrollwork, with a horizontal ribbon panel bearing the denomination inscription running across the middle. The entire field carries a dense underprint of repeated "CENTRAL BANK OF THE PHILIPPINES" lettering arranged in oval cartouches, all enclosed within an intricate red geometric border. The printer's imprint appears in the lower margin. |
| Reverse lettering | PHILIPPINES FIVE CENTAVOS WATERLOW & SONS LIMITED |
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| Comments |
Waterlow & Sons printed this series for the Central Bank of the Philippines under a contract arrangement that reflected postwar Manila's limited domestic printing capacity. Waterlow had long-standing ties to Asian and Pacific currency clients — including Malaya and Hong Kong — and the Filipino contract fit a familiar pattern of newly independent states outsourcing security printing to established British firms while building their own infrastructure.
P#126 is among the lower-denomination notes of the 1949–1953 series and circulated hard. Survivors in collectible condition are underestimated by the market relative to their actual scarcity.