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5 Pesos Silver certificate, With text after 'demand'
| Issuer | Government of the Philippine Islands |
|---|---|
| Year | 1910 |
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| Value | 5 Pesos |
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| Obverse description | Intaglio-printed note bearing an oval portrait vignette of President William McKinley at left, set within intricate guilloche lacework and foliate ornamental borders. The central panel carries the full Silver Certificate legend above the bold inscriptions PHILIPPINE ISLANDS and FIVE SILVER PESOS, with a large blue circular seal of the Government of the Philippine Islands at right. Numeral 5 counters occupy all four corners, with the series date and serial number printed in the upper right field. |
|---|---|
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| Reverse description | Printed uniformly in red-orange ink, the reverse presents a central guilloche underprint with a tropical palm frond vignette beneath the bold PHILIPPINE ISLANDS inscription. Elaborate lathe-work borders frame the entire note, with SILVER CERTIFICATE inscribed twice across the upper register, and the denomination FIVE SILVER PESOS set in the lower panel flanked by numeral 5 counters within ornamental rosette cartouches at each corner. |
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| Comments |
Silver certificates for the Philippine Islands were authorized under the Gold Standard Act of 1903, which pegged the Philippine peso to gold but allowed silver-backed paper for everyday transactions. The "with text after 'demand'" designation refers to a clause in the redemption language on the face — an early printing variant that was later revised, making the two text states meaningfully distinct for collectors even though the series number covers both.
Four signature combinations across a single Pick number reflects the administrative churn of the era — the Governor-General and Treasurer slots turned over repeatedly between 1910 and the mid-teens. Forbes served as Governor-General until 1913; the progression through Barrett, Manning, and Fitzsimmons on the treasurer's side tracks the actual succession of appointees in Manila.