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500 Pesos Victory
| Issuer | Treasury of the Philippines |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 500 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Intaglio-printed note in dark blue-black on light underprint; at left, a three-quarter portrait vignette of Miguel López de Legazpi in broad-brimmed hat and beard, captioned LEGAZPI below. The large numeral '500' guilloche vignette dominates the centre with 'PESOS' in bold letterpress. To the right, the circular blue seal of the Commonwealth of the Philippines, countersigned with two signatures below — President and Treasurer — and the designation 'VICTORY SERIES NO. 66' printed twice at upper and lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | FIVE HUNDRED PESOS PHILIPPINES FIVE HUNDRED PESOS 500 500 VICTORY |
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| Comments |
The Victory Series notes were prepared in Washington in anticipation of the Allied liberation of the Philippines, with this 500 Peso denomination among the highest values in the issue. The overprint word "VICTORY" was applied to differentiate these notes from the pre-war Commonwealth series and, critically, to repudiate the Japanese Military Administration peso issues that had flooded the islands during the occupation.
Two signature combinations exist on P#101 — Osmeña paired with Guevara reflects the Osmeña government-in-exile period, while the Roxas variant dates to the transitional administration ahead of formal independence in July 1946. The Roxas-signed notes are considerably scarcer.