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UNITED STATES ADMINISTRATION
PHILIPPINE BANK NOTES
Banco Español Filipino
Year 1898 During the Spanish-American War reached the Philippines, Commodore George Dewey and Emilio Aguinaldo together defeated the Spanish squadron at the Battle of Manila Bay. On June 12, 1898 the Philippines declared its independence from Spain. Thereafter, the Treaty of Paris laid way for Spain to cede the Philippines to the United States.
Although the United States determination to colonize the Philippines was fraught with resistance and difficulties that resulted in the Philippine/American War (1899-1902), the United States was successful in establishing an American Government within the islands and therefore a currency exchange. The United States granted Philippines independence on July 4, 1946.
Since 1852 the Banco Español Filipino de Isabel had in circulation bank notes in denominations of 10, 25 and 50 Pesos Fuertes and added 5 Pesos Fuertes notes in 1896. During the Spanish/American era and the Philippine/American Wars, 1 and 5 Pesos notes were issued in the name of Republica Filipina.
1904 marked the United States Administration of Philippines Currency beginning with Silver Certificates issued in denominations of 500, 100, 50, 20, 10, and 5 Pesos. These were replaced with Treasury Certificates issued between 1918 and 1941 in denominations of 1, 2, 5, 10, 20, 50, 100 & 500 pesos.
1904 also marked the year that Banco Español Filipino, under U.S. Administration introduced notes in denominations of 5, 10, 25, 50, 100 & 200 Pesos.
The year 1912 the bank changed its name to Bank of the Philippine Islands (BPI) and continued issuing notes until year 1933. The Philippine National Bank (PNB) issued notes in 1916 in denominations of 2, 5, and 10 Pesos with Emergency Notes issued in 1917 in denominations of 10¢, 20¢ and 50¢ Centavos along with 1, 5, 10 & 20 Pesos. The PNB issued notes in denominations of 1, 2, 5, 10, 20, 50 and 100 Pesos between 1918 and 1937 which remained in circulation until year 1947.
The banks that issued Philippine paper money or currency were Banco Español-Filipino: 1904 Issue and 1908 Issue, Bank of the Philippine Islands: 1912, 1920, 1928 and 1933 Issue, Philippine Islands: 1903, 1905, 1906, 1908, 1910, 1912 and 1916 Issue, Philippine National Bank: 1917 Emergency WWI Issue, 1919 ND Emergency Issue, 1916-1920 Regular Issue, 1921, 1924 and 1937 Issue, Philippine Islands: 1918, 1924 and 1929 Issue, and Commonwealth of the Philippines: 1936, 1941, 1944 ND Victory Issue.
The Treasury Certificates of 1944 featured the word "Victory" printed on the reverse, which were issued to replace all the earlier notes. These were in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 Pesos. In 1949, the Central Bank of the Philippines took over paper money issue. Its first notes were overprints on the Victory Treasury Certificates.
Although the United States determination to colonize the Philippines was fraught with resistance and difficulties that resulted in the Philippine/American War (1899-1902), the United States was successful in establishing an American Government within the islands and therefore a currency exchange. The United States granted Philippines independence on July 4, 1946.
Since 1852 the Banco Español Filipino de Isabel had in circulation bank notes in denominations of 10, 25 and 50 Pesos Fuertes and added 5 Pesos Fuertes notes in 1896. During the Spanish/American era and the Philippine/American Wars, 1 and 5 Pesos notes were issued in the name of Republica Filipina.
1904 marked the United States Administration of Philippines Currency beginning with Silver Certificates issued in denominations of 500, 100, 50, 20, 10, and 5 Pesos. These were replaced with Treasury Certificates issued between 1918 and 1941 in denominations of 1, 2, 5, 10, 20, 50, 100 & 500 pesos.
1904 also marked the year that Banco Español Filipino, under U.S. Administration introduced notes in denominations of 5, 10, 25, 50, 100 & 200 Pesos.
The year 1912 the bank changed its name to Bank of the Philippine Islands (BPI) and continued issuing notes until year 1933. The Philippine National Bank (PNB) issued notes in 1916 in denominations of 2, 5, and 10 Pesos with Emergency Notes issued in 1917 in denominations of 10¢, 20¢ and 50¢ Centavos along with 1, 5, 10 & 20 Pesos. The PNB issued notes in denominations of 1, 2, 5, 10, 20, 50 and 100 Pesos between 1918 and 1937 which remained in circulation until year 1947.
The banks that issued Philippine paper money or currency were Banco Español-Filipino: 1904 Issue and 1908 Issue, Bank of the Philippine Islands: 1912, 1920, 1928 and 1933 Issue, Philippine Islands: 1903, 1905, 1906, 1908, 1910, 1912 and 1916 Issue, Philippine National Bank: 1917 Emergency WWI Issue, 1919 ND Emergency Issue, 1916-1920 Regular Issue, 1921, 1924 and 1937 Issue, Philippine Islands: 1918, 1924 and 1929 Issue, and Commonwealth of the Philippines: 1936, 1941, 1944 ND Victory Issue.
The Treasury Certificates of 1944 featured the word "Victory" printed on the reverse, which were issued to replace all the earlier notes. These were in denominations of 1, 2, 5, 10, 20, 50, 100 and 500 Pesos. In 1949, the Central Bank of the Philippines took over paper money issue. Its first notes were overprints on the Victory Treasury Certificates.
Banco Espanol Filipino
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Notes Printed in the United States
Banco Espanol Filipino
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Bank of the Philippine Islands
BPI Notes 1912 issue#7-12 printer: USBEP (w/o imprint). Design like previous issue. G F XF 7) 5 Pesos Black on red unpt. Similar to #1 a. Sign. D. Garcia & Jno. S. Hord $2.00 8.00 35.00 b. Sign. D. Garcia & E. Sendres. 2.00 8.00 35.00 8) 10 Pesos Black on brown unpt. Similar to #2 a. Sign. D. Garcia & Jno. S. Hord 3.00 9.00 40.00 b. Sign. D. Garcia & E. Sendres. 3.00 9.00 40.00 9) 20 Pesos Black on lilac unpt. Similar to #3 a. Sign. D. Garcia & Jno. S. Hord 4.00 15.00 55.00 b. Sign. D. Garcia & E. Sendres. 4.00 15.00 50.00 10) 50 Pesos Black on blue unpt. Similar to #4 a. Sign. D. Garcia & Jno. S. Hord 15.00 5000 135.00 b. Sign. D. Garcia & E. Sendres. 15.00 50.00 125.00 11) 100 Pesos Black on green unpt. Similar to #5 a. Sign. D. Garcia & Jno. S. Hord 50.00 120.00 275.00 b. Sign. D. Garcia & E. Sendres. 50.00 120.00 275.00 12) 200 Pesos Black on tan unpt. Similar to #6 a. Sign. D. Garcia & Jno. S. Hord 120.00 250.00 - |
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BPI Notes 1920 issue G F XF
13) 5 Pesos Black on red unpt. Like #7b $2.00 8.00 35.00 14) 10 Pesos Black on brown unpt. Like #8b 2.00 8.00 35.00 15) 20 Pesos Black on lilac unpt. Like #9b 2.00 8.00 35.00 BPI Notes 1928 issue 16) 5 Pesos 1928 Black Like # 7. 2.00 8.00 30.00 17) 10 Pesos 1928 Black Like # 8. 3.00 9.00 35.00 18) 20 Pesos 1928 Black Like # 9. 4.00 15.00 50.00 19) 50 Pesos 1928 Black Like # 10. 15.00 45.00 125.00 20) 100 Pesos 1928 Black Like # 11. 50.00 100.00 250.00 21) 200 Pesos 1928 Black Like # 12. 75.00 175.00 350.00 #16-21 designs like #7-12 but w/o unpt. Sign. D. Garcia and Fulf. Borromeo. Printer: USBEP (w/o imprint). BPI Notes 1933 issue 22) 5 Pesos 1933 Black Like # 16. 2.00 7.50 30.00 23) 10 Pesos 1933 Black Like # 17. 2.50 8.00 35.00 24) 20 Pesos 1933 Black Like # 18. 3.50 17.50 50.00 #22-24 like #16-18 except for date and serial # prefix-suffix. Sign. D. Garcia and P.J. Campos. Printer: USBEP (w/o imprint). |
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PHILIPPINE ISLANDS
SILVER CERTIFICATES
1903 Issue
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1905 Issue
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Good Fine XF------------------- RARE ----------------- ------------------- RARE ----------------- ------------------- RARE ----------------- ------------------- RARE ----------------- |
1906 Issue
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Good Fine XF$7.50 20.00 50.00 10.00 35.00 85.00 10.00 35.00 85.00 8.00 27.50 75.00 10.00 35.00 85.00 6.00 15.00 45.00 ----------------------RARE ----------------------- |
1908 Issue
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Good Fine XF$30.00 85.00 175.00 25.00 60.00 150.00 25.00 60.00 150.00 35.00 100.00 200.00 17.50 50.00 120.00 |
1910 Issue
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Good Fine XF$ 22.50 60.00 135.00 30.00 85.00 175.00 22.50 60.00 135.00 10.00 30.00 75.00 |
1912 Issue
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Good Fine XF$ 20.00 65.00 125.00 35.00 100.00 175.00 20.00 65.00 125.00 15.00 60.00 125.00 |
1916 Issue
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Good Fine XF------------------ RARE ----------------- ------------------ RARE ----------------- |
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Philippine National Bank
EMERGENCY ISSUES
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REGULAR ISSUES - PNB
1916 ISSUE
Good Fine XF2 PESOS 1916. Black on blue unpt. J. Rizal at I. (similar to Silver Certificates). Back blue.
15.00 45.00 110.00 5 PESOS 1916. Black on red unpt. Pres. Wm. McKinley at I. (similar to Silver and Treasury Certificates). Back red-orange. a. Sign. S. Ferguson and H. Parker Willis. 35.00 100.00 - b. Sign. S. Mercado and V. Conception. 1.50 4.00 15.00 10 PESOS 1916. Black on brown unpt. Washington at ctr. (similar to Silver and Treasury Certificates). Back brown. a. Sign. S. Ferguson and H. Parker Willis. 35.00 100.00 - b. Sign. S. Mercado and V. Conception. 3.50 15.00 45.00 |
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1918 ISSUE
1919 ISSUE
1920 ISSUE
1921 ISSUE
Note: 1921 Issues designs like 1916 issues, 1918 & 1919 issue but notes w/o unpt. Good Fine XF1 PESO 1921. Like 1918 issue. Black on orange Charles A. Conant at I. Back green.
10.00 40.00 95.00 2 PESOS 1921. Like 1916. Black on blue J. Rizal at I. (similar to Silver Certificates). Back blue. 15.00 55.00 150.00 5 PESOS 1921. Like 1916. Black on red Pres. Wm. McKinley at I. (similar to Silver and Treasury Certificates). Back red-orange. 1.50 4.00 10.00 10 PESOS 1921. Like 1916. Black on brown Washington at ctr. (similar to Silver and Treasury Certificates). Back brown. 3.00 12.50 30.00 20 PESOS 1921. Like 1919. Black on yellow William A. Jones at ctr. Back tan. 7.50 30.00 75.00 |
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1924 ISSUE
1937 ISSUE
Note: 1937 printer w/imprint on back. Text reads PHILIPPINES instead of PHILIPPINE ISLANDS.5 PESOS 1937. Like 1921. Black on red Pres. Wm. McKinley at I. (similar to Silver and Treasury Certificates). Back red-orange.
1.50 4.00 10.00 10 PESOS 1937. Like 1921. Black on brown Washington at ctr. (similar to Silver and Treasury Certificates). Back brown. 3.00 8.50 17.50 20 PESOS 1937. Like 1921. Black on yellow William A. Jones at ctr. Back tan. 7.50 30.00 75.00 |
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