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10 Pesos

Issuer El Banco Español Filipino
Year 1904
Type Standard circulation banknote
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Obverse description The right half of this uncut specimen comprises the printed note face on light blue paper, with the bank's circular arms vignette at upper centre enclosed within an ornate engraved frame of acanthus scrollwork and floral corner pieces. The bank title EL BANCO ESPAÑOL FILIPINO appears on a central ribbon banner, below which two denomination panels read Ps 10. in letterpress, flanking the arms. A cursive promise text and date line run across the lower portion, with ruled lines for the signatures of El Tenedor de Libros, El Cajero, and El Director. The left stub retains the handwritten number and date fields alongside a large Ps 10 denomination in bold type.
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Reverse lettering DIEZ DIEZ
(Translation: Ten Ten)
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Comments

El Banco Español Filipino was already an anachronism by 1904 — Spain had ceded the Philippines to the United States in 1898 following the Treaty of Paris, yet the bank continued issuing notes under its colonial-era name for several more years before finally being reorganized as the Bank of the Philippine Islands in 1912. This note sits in that awkward interregnum, circulating under American administration despite carrying the name of a Spanish institution.

Barclay & Fry of London handled the printing. The firm was a competent but secondary-tier security printer, less prominent than contemporaries like Bradbury Wilkinson or De La Rue.

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