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10 Centavos
| Issuer | Central Bank of the Philippines |
|---|---|
| Year | 1951 |
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| Currency | Peso (1857-1967) |
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| Obverse description | Purple note framed by an ornate guilloche border, with the Central Bank of the Philippines 1949 seal at left and a large numeral '10' as a central underprint beneath the denomination cartouche reading 'TEN CENTAVOS'. A red serial number is positioned at upper right, with two facsimile signatures below — the President of the Philippines at left and the Governor of the Central Bank at right. |
|---|---|
| Obverse lettering | CENTRAL BANK OF THE PHILIPPINES THIS NOTE IS A LIABILITY OF THE CENTRAL BANK AND IS FULLY GUARANTEED BY THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES TEN CENTAVOS THIS NOTE IS LEGAL TENDER IN THE PHILIPPINES FOR ALL DEBTS, PUBLIC AND PRIVATE |
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| Comments |
The Security Banknote Company of Philadelphia printed several of the early Central Bank of the Philippines issues following the bank's establishment in 1949 — itself a requirement under the Bell Trade Act, which made a Philippine central bank a condition of postwar U.S. financial assistance. The 10 Centavos sat at the lowest practical denomination of the series, a level where production costs and actual purchasing utility were already in uncomfortable proximity.
The question mark on the printer's date range in most catalogs reflects genuine uncertainty — SBNC's contract documentation for this period has not been fully reconciled against surviving specimens.