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10 Pesos

Issuer Tesoro de las Islas Filipinas
Year 1877
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Shape Rectangular
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Obverse description The Spanish colonial arms of the Philippine Islands appear as a central vignette at upper centre, flanked by ornate guilloche borders and corner numerals indicating the denomination. The serial number cartouche appears at upper left within a decorative frame, with the series designation in a corresponding frame at upper right. The denomination "Ps. Fs. 10" is rendered twice in large bold letterpress type flanking a central ornamental device, with the value text and date of issue printed below, followed by three manuscript signature lines identifying the Director General, Contador, and Tesorero Central.
Obverse lettering ISLAS FILIPINAS
NUMERO DEL BILLETE
SERIE C
BILLETE DEL TESORO
EMISION DECRETADA EN 6 DE ABRIL DE 1877
Ps. Fs. 10 Ps. Fs. 10
VALE POR DIEZ PESOS FUERTES
al portador y sin interes
Manila 26 de Abril de 1877
EL DIRECTOR ORAL DE H. EL CONTADOR ORAL DE H.P.
EL TESORERO CENTRAL
J. OPPEL Litogr. de S.M. MANILA
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Comments

The Tesoro de las Islas Filipinas notes of this period were issued directly by the colonial treasury rather than a bank — an arrangement that reflected both the absence of a proper chartered bank of issue in the Philippines at the time and Madrid's reluctance to grant one. The lithographic printing by J. Oppel at his Manila workshop kept production local, which was unusual for Spanish colonial currency of this period; most comparable issues from Spain's remaining overseas territories were printed in Europe.

Three signatures were required for validity: the Director General de Hacienda, the Contador General, and the Tesorero Central — a checks-and-balances structure that slowed issuance considerably. The Banco Español-Filipino would eventually absorb note-issuing functions, but treasury notes like this one circulated alongside bank paper for years.

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