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10 Pesos Philippine Islands, Treasury certificate
| Issuer | Treasury of the Philippine Islands |
|---|---|
| Year | 1929 |
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| Currency | Peso (1857-1967) |
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| Obverse description | Intaglio-printed in dark blue-black on cream paper, with an oval vignette at left bearing a portrait of George Washington facing left, his name inscribed on the bottom ribbon of the frame. The central field carries the bold intaglio legend 'PHILIPPINE ISLANDS / TEN PESOS' above the bearer clause and silver/gold redemption text, flanked by guilloche corner numerals '10' and the series designation. A large red Treasury seal of the Government of the Philippine Islands, Manila, is applied at right, with the red serial number appearing twice on the face. |
|---|---|
| Obverse lettering | TEN PESOS TREASURY CERTIFICATE TEN PESOS BY AUTHORITY OF AN ACT OF THE PHILIPPINE LEGISLATURE APPROVED BY THE PRESIDENT OF THE UNITED STATES JUNE 13, 1922 THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE PHILIPPINE ISLANDS TEN PESOS PAYABLE TO THE BEARER ON DEMAND IN SILVER PESOS OR IN GOLD COIN OF THE UNITED STATES OF EQUIVALENT VALUE TEN PESOS SERIES OF 1929 WASHINGTON GOVERNOR GENERAL TREASURER |
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| Comments |
The Treasury Certificate series was introduced in 1918 as a replacement for the Silver Certificate issues, part of a broader effort by American colonial administrators to rationalize Philippine currency without maintaining full silver backing for every note in circulation. The 1929 date places this note in the final years of that arrangement — the Commonwealth transition and subsequent Japanese occupation would render the entire series obsolete within a decade and a half, with enormous quantities destroyed or lost.
BEP production ensured consistent intaglio quality, but surviving examples from this issue frequently show the effects of tropical storage: humidity-related foxing and paper wave are endemic to Philippine paper money of this period.