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10 Piso

Issuer Bangko Sentral ng Pilipinas
Year 1997-2001
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In circulation to 30 December 2017
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Signature(s) 1997 - Ramos & Singson
1998 - Ramos & Singson black serial # watermark: single portrait
1998 - Ramos & Singson black serial # watermark: two portraits
1998 - Ramos & Singson red serial #
1999 - Estrada & Singson
1999, 2000 & 2001 - Estrada & Buenaventura
2001 - Macapagal-Arroyo & Buenaventura red serial #
2001 - Macapagal-Arroyo & Buenaventura black serial #
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Protection description Watermark types used for the 10 Piso banknote: A. Apolinario Mabini single-head watermark (1997-1998); B. Apolinario Mabini and Andres Bonifacio double-head watermark (1998-2001)
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Comments

The sheer number of signature combinations on P#187 reflects real political turbulence compressed into a short window. The 1998 watermark shift — from a single portrait to two portraits mid-run, both under Ramos and Singson — is an uncommon mid-year change that created distinct varieties without any formal announcement. Then Estrada's 1999 signatures arrived, followed by his removal from office in 2001 and Macapagal-Arroyo's succession, meaning this single pick number spans two presidential impeachment-era transitions.

The red versus black serial number variants under both the 1998 Ramos/Singson and the 2001 Macapagal-Arroyo/Buenaventura issues add further collecting granularity — minor production decisions that now define separate catalog entries.

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