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5 Pesos Treasury Certificate, Red rays

Uitgever Treasury of the Philippine Islands
Jaar 1918
Type Standard circulation banknote
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Beschrijving keerzijde Entirely printed in red-orange ink, the reverse is dominated by the bold central legend PHILIPPINE ISLANDS framed above by an elaborate guilloche border incorporating foliate scrollwork and oval rosette ornaments. A large underprint of radiating palm fronds fills the central field. Numeral 5 counters appear in ornate cartouches at each lateral margin, and the lower centre bears a decorative panel with the denomination FIVE PESOS flanked by FIVE inscriptions in oval frames.
Opschrift keerzijde TREASURY CERTIFICATE TREASURY CERTIFICATE PHILIPPINE ISLANDS FIVE FIVE PESOS FIVE 5
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Opmerkingen

The Treasury Certificate series was introduced in 1918 as the Philippine Islands moved away from the Silver Certificate system that had been in place since American colonial administration took hold after 1903. These certificates were backed by a peso fund held in Manila rather than silver coinage, a shift that gave the Insular Treasury more flexible control over the currency supply as wartime commodity pressures made silver backing increasingly difficult to manage.

The "Red rays" designation distinguishes this printing variant from others in the P#62 series — a collector distinction based on a design feature in the underprint, not an official treasury classification.