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50 Pesos Philippine Islands, With pesos over 50
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1929 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS FIFTY PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE TREASURY CERTIFICATE PHILIPPINE ISLANDS |
| Reverse description | Dark red guilloche underprint overall on the reverse, with the denomination and issuer text arranged within an ornate engraved border design typical of early twentieth-century United States Bureau of Engraving and Printing production. |
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| Comments |
The "pesos over 50" overprint on this series reflects an administrative correction applied after notes had already been printed — the denomination text was altered to eliminate ambiguity in how the face value was expressed, a recurring concern in Philippine colonial currency where bilingual or dual-format denomination lines sometimes created confusion in commerce. The Bureau of Engraving and Printing in Washington handled both the base print and the overprint runs, which kept quality consistent but added logistical lag between authorization and actual release.
By 1929, the Treasury of the Philippine Islands was operating under close fiscal supervision tied to the gold exchange standard the Americans had imposed in 1903. Notes of this value saw genuine commercial use in Manila's trading sector.