Catalog
5 Pesos With overprint
| Issuer | Philippine National Bank |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 5 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | WILL PAY TO THE BEARER ON DEMAND FIVE PESOS MANILA |
| Reverse description | The reverse is printed in light red (rose) letterpress, with a central guilloche medallion design framed by ornamental scrollwork and corner numerals. A black overprint band runs horizontally across the center of the note. The issuing institution's name is inscribed in bold letters across the top margin. |
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| Comments |
The Philippine National Bank was established in 1916, and its early note issues ran into immediate supply problems — the bank had to issue provisional notes by overprinting existing stock rather than waiting on fresh printings. This particular overprinted 5 Pesos is a product of that scramble, with the PNB stamp applied to notes originally produced under a different authorization.
Overprinted PNB issues from this period are genuinely scarcer than their face-printed counterparts, largely because the overprint runs were short and the notes themselves were quickly absorbed into the heavy commercial circulation that characterized Manila banking in the late colonial period.